BNB Chain is back in the heat: take stock of the 10 most active projects in recent times

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Written by: Scof, ChainCatcherRecently

, the BNB Chain ecosystem is heating up again. After the Binance Alpha platform detonated on-chain engagement, the number of transactions and active addresses on the BNB Chain ushered in rapid growth. On May 19, Binance Wallet recorded a record high of $5 billion in single-day trading volume, accounting for 95.3% of the top 12 major wallets.

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

Here's a brief breakdown of the 10 most actively traded tokens and their projects on the BNB Chain right now.

1. $B (BUILDon)

  • 24H Trading Volume: $3.7 Billion

    • Market

  • Cap: $1.7 Billion

  • Active Traders: 11,619

  • 24H Transactions: 54,639

BUILDon is a meme coin on the BNB Chain with a lion as its mascot, originally issued through the Fourmeme platform. At first, the market capitalization was only a few million dollars, until mid-May, when the project announced that it would be tied to USD1 and jointly hold a trading competition, and trading activity ushered in an inflection point.

After its Alpha was launched, the trading link pointed directly to the $B, which attracted market attention. Today, $B has become one of the main liquidity pools of USD1 and is officially supported by WLFI, with a market capitalization of more than $400 million at its peak, making it the most strategic project in the current BNB Chain meme.

2. $B 2 (B² Network)

  • 24H Trading Volume: $7.1 billion

  • Market Cap: $29.2 million

  • Active Users: 26,410

  • 24H Transactions: 306,723

B² Network is a zk Rollup Layer 2 network on Bitcoin, which is EVM compatible and supports BTC to interact with ETH addresses. 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: $1 Billion

    • Market

  • Cap: $8.4 billion

  • Active Trading Users: 10,782

  • 24H Transactions: 193,047

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

After Binance Alpha detonated traffic, the old community token also re-entered the market, $KOGE took advantage of the rise and exceeded $1 billion in trading volume.

4. $RWA (Allo)

  • 24H Trading Volume: $101 Million

  • Market Cap: $23.2 Million

  • Active Traders: 27,691

  • Number of transactions in 24H: 119,585

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

$RWA is its native token, which has quickly become the focus of on-chain heat due to the recent recovery of the RWA concept and the bright fundamentals of the platform.

5. $MERL (Merlin Chain)

  • 24H Trading Volume: $96.9 Million

    • Market

  • Cap: $0.5 Billion

  • Active Trading Users: 7,129

  • 24H Number of Transactions: 111,542

Merlin Chain is a Bitcoin L2 project supported by Bitmap, which builds metaverse, DeFi and other applications based on BTC first-layer assets, positioning itself to "make Bitcoin fun again".

As one of Binance Alpha's first-round trading projects, $MERL continues to attract capital inflows with the dual blessing of ecological narrative and platform support.

6. $SKYAI (SKYAI)

  • 24H Trading Volume: $90.5 Million

    • Market

  • Cap: $56.8 Million

  • Active Trading Users: 5,600

  • 24H Transactions: 130,724

SKYAI is a data bridging protocol for AI agents, which connects multi-chain data with large language models based on the MCP standard, and is a representative project of the AI + Infra crosspath.

Its token is simultaneously active on chains such as Solana and BSC, and its ecological potential continues to attract attention as the MCP market is expected to open up.

7. $BANK (Lorenzo Protocol)

  • 24H Trading Volume: $78 Million

    • Market

  • Cap: $32.9 Million

  • Active Traders: 2,682

  • 24H Number of transactions: 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.

At present, it belongs to the same USD1 strategic expansion camp as BUILDon, and with the help of narrative resonance, $BANK successfully obtained the Alpha platform traffic dividend.

8. $AIOT (OKZOO)

  • 24H Trading Volume: $59.3 Million

  • Market Cap: $16.7 Million

  • Active Trading Users: 5,234

  • Number of transactions in 24H: 66,038

OKZOO is a project that combines AIoT, DePIN, and GameFi to collect environmental data through P-mini hardware, and users can be rewarded with $AIOT tokens.

The project has independent hardware manufacturing capabilities, with more than 10 million ecological users, and the V2 virtual pet quickly became popular after its launch, becoming a star project in the direction of DePIN evolution.

9–10. $CZPizza / $PizzaCZ

$CZPizza

  • 24H Trading Volume: $6.4 Million

  • Market Cap: $5,800

  • Number of active users: 1,146

  • Transactions: 5,197

$PizzaCZ

  • 24H Trading Volume: $790,000

  • Market Cap: $340,000

  • Active Users: 1,089

  • Transactions: 1,588

Both meme coins originated from CZ's posting of a change of avatar on May 22, dubbed by the community as a modern version of "Pizza Day." By binding the meme culture and high-profile topics, they quickly become short-term speculative hotspots, but they lack technical or application support, and are typical follow-up assets.

Summary: Alpha-driven ecological hotspot rotation

from meme narrative to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens are not only behind the traffic, but also reflect that the Binance Alpha platform is leading the structural ecological renewal of the BNB chain.

Through TGEs, airdrops, and Alpha Points incentive mechanisms, Alpha has achieved a participation method of "low-threshold participation + high-yield expectations", which has enabled high-quality projects to gain early attention and promoted the full activity of on-chain transactions.

The next wave of BNB Chain's narrative may have been quietly unfolding in these trading leaderboard tokens.

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