This morning, BSC took over the trending meme coin checklist, completely displacing Solana. SOL continues to be main this market sector, however BNB’s blockchain is perhaps the perfect candidate to exchange it.
Different chains, like Base and XRP, have loved alternatives at long-term prominence, however these have each diminished. To this point, BSC has the perfect infrastructure and group to truly take over this house.
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Can BSC Usurp Solana?
Solana has often been the highest blockchain in meme cash, however a brand new contender could also be gunning for its place. Lately, BNB Sensible Chain (BSC) has risen on this market sector, as one analyst identified that it ousted Solana from the trendiest positions:
After all, the checklist of trending meme cash is continually churning, and statistics like this by no means final lengthy. For instance, on the time of writing, the 5-minute trending class has a unique end result.
All 5 of those main property are from Solana, not BSC, and the 2 blockchains are neck-and-neck within the one, six, and 24 hour leaderboards.
Solana Meme Cash Trending. Supply: DEXScreener
Nonetheless, an upset like this doesn’t simply fall out of the sky. BSC must be a critical contender to even briefly contest with Solana like this. In comparison with BSC, is there another blockchain that has a shot at taking on the meme coin sector? What does BNB Sensible Chain have that these different initiatives lack?
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Meme Coin Contenders Defined
A yr and a half in the past, there have been market rumors that Base might change Solana on this space. Nevertheless, safety vulnerabilities turned some buyers off, which has discouraged a local meme coin group.
This has brought on progress to stagnate, and a scarcity of widespread launch rails and fragmented liquidity throughout EVM venues and bridges have additional stifled its progress.
With regards to an enthusiastic “meme-native” group, it looks like there’s no different to XRP. XRP meme cash additionally loved a preferred second final yr, however this sector has apparently withered on the vine. Just a few initiatives proceed to face out, however most XRP meme cash are kind of useless.
Comparatively, BSC is in a stable place to overhaul Solana.
Though Binance has considerably distanced its branding from BNB and BSC, ecosystem integration and leverage nonetheless assist these initiatives attain a bigger viewers. The blockchain is actively constructing meme coin launch rails, whereas Solana is displaying indicators of saturation and fatigue.
BNB can also be having fun with a surge in reputation, which looks like a bullish signal for the remainder of its blockchain ecosystem:
Briefly, BSC has plenty of components that would permit it to overhaul Solana. Immediately’s success over the trending token checklist doesn’t essentially assure a long-term victory, however BSC is the perfect contender to realize this purpose.
Until one other blockchain can construct up an analogous group and infrastructure, it’s more likely to preserve this prominence.
