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BNB Chain's popularity has risen again: a list of the 10 most active projects recently

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Reprinted from chaincatcher

05/26/2025·13D

Author: Scof, ChainCatcher

Edited by: TB, ChainCatcher

Recently, the BNB Chain ecosystem has heated up again. After the Binance Alpha platform triggered on-chain participation, the transaction volume and number of active addresses on-chain BNB chains both ushered in rapid growth. On May 19, Binance Wallet's single-day trading volume reached US$5 billion, accounting for 95.3% of the 12 mainstream wallets, setting a record high.

One of the core driving forces of this explosion is Binance Alpha's "low threshold + high incentive" guidance for Web3 projects. Users can interact on-chain without wallets, and participate in token pre-sales and airdrops, which has promoted the popularity of the Alpha project after it was launched. Driven by this wave of Alpha + Meme, multiple tokens have achieved a surge in trading volume in the short term.

The following is a brief analysis of the 10 most active tokens and their projects currently available on BNB.

1. $B ( BUILDon )

  • 24H Trading Volume: US$3.7 billion
  • Market value: US$1.7 billion
  • Active Trading Users: 11,619
  • 24H transaction number: 54,639

BUILDon is a Meme coin on the BNB chain, with a lion as its mascot and was originally issued through the Fourmeme platform. At first, the market value was only a few million US dollars, until mid-May when the project announced its binding to USD1 and jointly held a trading competition, the trading activity reached a turning point.

After its Alpha is launched, the transaction link directly points to $B, which has attracted market attention. Now $B has become one of the main liquidity pools of USD1 and has received official support from WLFI. Its high market value has exceeded US$400 million. It is currently the most strategic project in the BNB Meme on the chain.

2. $B2 ( B² Network )

  • 24H Trading Volume: US$7.1 billion
  • Market value: US$29.2 million
  • Active Trading Users: 26,410
  • 24H transaction number: 306,723

B² Network is a zk Rollup Layer2 network on Bitcoin, compatible with EVM and supports BTC and ETH address interaction. With the positioning of "Bitcoin's most practical L2", it has become one of the hot projects in the current multi-chain interoperability track.

3. $KOGE ( 48 Club )

  • 24H Trading Volume: US$1 billion
  • Market value: US$8.4 billion
  • Active trading users: 10,782
  • 24H transaction number: 193,047

KOGE is a token initiated by the 48 Club community. 48 Club is the first DAO on the BNB chain. It has been active since 2018 and has more than 500 members, focusing on ecological investment, technology operation and maintenance and community governance.

After Binance Alpha triggered traffic, the veteran social tokens also re-entered the market vision. $KOGE took advantage of the situation and the trading volume exceeded US$1 billion.

4. $RWA ( Allo )

  • 24H Trading Volume: US$101 million
  • Market value: US$23.2 million
  • Active Trading Users: 27,691
  • 24H transaction number: 119,585

Allo is a Layer1 platform focusing on the tokenization of physical assets, supporting the on-chain transactions of high-value assets such as real estate and artworks. It has completed the tokenization of US$2.2 billion in assets.

$RWA is its native token. Recently, due to the recovery of RWA concept and the impressive platform fundamentals, it has quickly become the focus of on-chain popularity.

5. $MERL ( Merlin Chain )

  • 24H Trading Volume: 96.9 million US dollars
  • Market value: US$0.5 billion
  • Active trading users: 7,129
  • 24H transaction number: 111,542

Merlin Chain is a Bitcoin L2 project supported by Bitmap. It builds applications such as meta-universe and DeFi based on BTC’s first-layer assets, and is positioned to “make Bitcoin interesting again.”

As one of the first round of Binance Alpha transaction launch projects, $MERL continues to attract influx of funds with the dual support of ecological narrative and platform support.

6. $SKYAI ( SKYAI )

  • 24H Trading Volume: 90.5 million US dollars
  • Market value: US$56.8 million
  • Active trading users: 5,600
  • 24H transaction number: 130,724

SKYAI is a data bridging protocol serving AI agents. It connects multi-chain data with large language models based on the MCP standard. It is a representative project of the AI ​​+ Infra cross track.

Its tokens are simultaneously active on chains such as Solana and BSC. With the expectation of opening up of the MCP market, its ecological potential continues to attract attention.

7. $BANK ( Lorenzo Protocol )

  • 24H Trading Volume: US$78 million
  • Market value: US$32.9 million
  • Active Trading Users: 2,682
  • 24H transaction number: 104,024

Lorenzo Protocol is a modular Bitcoin L2 infrastructure based on Babylon, which supports smart contract execution and USD1 liquidity access, emphasizing security and asset compatibility.

Currently, it belongs to the USD1 strategic expansion camp as BUILDon. With the help of narrative resonance, $BANK successfully obtained the Alpha platform traffic dividend.

8. $AIOT ( OKZOO )

  • 24H Trading Volume: 59.3 million US dollars
  • Market value: US$16.7 million
  • Active trading users: 5,234
  • 24H transaction number: 66,038

OKZOO is a project that combines AIoT, DePIN and GameFi. Users can receive $AIOT token rewards through P-mini hardware.

The project has independent hardware manufacturing capabilities, with more than 10 million ecological users. V2 virtual pets quickly became popular after they were launched, becoming a star project in the evolution of DePIN.

9–10. $CZPizza / $PizzaCZ

$CZPizza

  • 24H Trading Volume: US$6.4 million
  • Market value: USD 5,800
  • Number of active users: 1,146
  • Number of transactions: 5,197

$PizzaCZ

  • 24H Trading Volume: US$790,000
  • Market capitalization: US$340,000
  • Number of active users: 1,089
  • Number of transactions: 1,588

Both of these Meme coins originated from the tweet on May 22 when CZ changed its avatar and was dubbed by the community as a modern version of "Pizza Day". By binding emoticon culture with high popularity topics, they quickly became short-term speculation hotspots, but lacked technical or application support and were typical follow-up assets.

Summary: The rotation of ecological hotspots driven by Alpha

From Meme narrative to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens are not only traffic, but also reflecting that the Binance Alpha platform is guiding the structural ecosystem of BNB chains to be renewed.

Through TGEs, airdrops and Alpha Points incentive mechanisms, Alpha has achieved the participation method of "low threshold participation + high return expectations", which has gained early attention from high-quality projects and promoted the overall activity of on-chain transaction behavior.

The next wave of BNB Chain's narrative may have quietly unfolded among the tokens on these transaction rankings.

(This article is for reference only and does not constitute investment advice)

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