BNB Chain ecosystem market cap soared 12.9% as meme coins surged.
TL;DR…
- BNB Chain ecosystem market cap soared 12.9% as meme coins surged.
- Some on-chain metrics dipped, but trading and DEX volumes reached February highs.
- Week’s headlines: gas fees cut, VBILL launched, and Mobius hacked.
Bitcoin (BTC) is just inches from its all-time high after negotiations improved between the U.S. and China, and greed now tinges the market with the CMC Crypto Fear & Greed Index back at 74.The CPI came in lower than expectations, and many signs point to a bullish continuation.
Here’s how the BNB chain sector shaped up over the last week👇🏻
BNB Chain Market Recap
The BNB Chain ecosystem witnessed a significant rally this week, with the vast majority of popular tokens clocking in impressive gains.
Source: BNB Chain Ecosystem Page
The sector added almost $20 billion to its market cap after gaining 12.9% this week.
Some of this week’s best performers clocked in over 50% gains, with meme coins featuring heavily among the top list.
- Mubarak (MUBARAK): +117.6%
- SKYAI (SKYAI): +110.1%
- Simon's Cat (CAT): +92.2%
- Hey Anon (ANON): +73.5%
- siren (SIREN): +73.5%
Among large-cap BNB Chain ecosystem projects, Chainlink (LINK), FLOKI (FLOKI) and PancakeSwap (CAKE) stand out as the best performers, gaining 22.1%, 43.8%, and 20%, respectively. Meanwhile, BNB itself gained an appreciable 8.3%.
Conversely, a handful of tokens didn't get the bullish memo and continued their slide from last week’s update, including:
- DeXe (DEXE): -17.2%
- AI Companions (AIC): -13.2%
- Test (TST): -12.8%
Despite skyrocketing prices, several on-chain metrics have either flatlined or weakened over the last week. The number of new wallets active on the chain decreased by 56%, and daily active addresses fell by 10%.
Source: Artemis
Meanwhile, trading volume for BNB Chain assets is up 75.3% in this period, with DEX volumes at their highest point since February 2025. BNB Chain is now the second-most popular L1 for on-chain traders, behind Solana.
BNB Chain News Roundup
It’s been an eventful week for the BNB Chain ecosystem, with both positive and negative news hitting headlines.
VanEck Launches Multi-Chain VBILL Treasury Fund: VanEck and Securitize launched VBILL on May 13, tokenizing short-term U.S. Treasuries on Avalanche, BNB Chain, Ethereum and Solana.
Validators Slash BNB Chain Gas Fees by 90%: BNB Smart Chain validators cut the minimum gas price from 1 Gwei to 0.1 Gwei on May 9, slashing transaction costs by about 90%. Core developers say the market-led change boosts BNB Chain’s competitiveness.
BNB Foundation Deploys $150K From Builder Incentive Program: This week, the BNB Chain Foundation executed two on-chain purchases totalling $150K across SKYAI, TST and AIOT tokens—the first direct investments made since revamping its $100 million Builder Incentive Program. (source)
Mobius Token Exploit Drains $2.15M on BNB Chain: On May 11, a malicious contract minted 28.5 million MBU and swapped them for $2.15 million USDT within minutes, exploiting Mobius Token smart contracts on BNB Chain.
>> That’s a wrap. Join us next week for more BNB Chain news and developments.
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