BNB Surges Past Solana, Processes 68M Transactions
1min read BNB, the native token of the Binance ecosystem, has recently surged in value, surpassing Solana in market capitalization. This achievement comes on the heels of a 13% price increase, pushing BNB's market cap above $104 billion. The BNB Chain, which is the leader among Ethereum Virtual Machine (EVM) chains, has processed an astonishing 68.3 million transactions in the last month alone, further cementing its position in the crypto market.
Changpeng Zhao (CZ), the founder of Binance, commented on this development, stating, "Not a competition. But just the beginning," reflecting his optimism about the future of BNB in the evolving crypto landscape. BNB has outperformed Solana by hitting a market cap of $104 billion, leading EVM chains in transactions while analysts predict further gains for the crypto.
The recent uptick in BNB's price is underpinned by Binance's robust performance and a surge in overall investor interest. CZ's remark signals confidence that the BNB Chain is far from reaching its peak potential. The current price surge is indicative of broader trends within the crypto industry, where BNB is gaining traction amid shifting investor sentiments.
The BNB Chain has processed an astonishing 68.3 million transactions in the last month alone, positioning it second only to Solana in transaction volume. According to data, BNB accounts for over 6% of total transactions in the crypto market, which underscores its increasing acceptance and usage.
The rise of meme coins within the BNB Chain ecosystem, particularly through platforms like Four.meme, has sparked considerable interest. Recent data confirms that more than 12,000 meme tokens were created in just a single day, indicating a thriving community eager to innovate and invest. Despite facing competition from platforms such as Solana's Pump.fun and Tron's SunPump, the enthusiasm around meme-based currencies reflects a robust ecosystem bent on expansion.
In another intriguing development, analysts point out that BNB has experienced some of the most substantial gains among the top 30 cryptocurrencies, showing a 12% increase to approximately $711. This surge occurs as many other tokens faced declines, suggesting that BNB's market strength is notable.
Crypto analyst Zeus offered a bullish projection for B 
