CZ's Dog BROCCOLI Ignited a Frenzy of Meme Coins on the BNB Chain, but Can the Chain Withstand the Test?

In the world of cryptocurrency, hot events always rise and fall like waves. On February 13 and 14, a series of PVP frenzies erupted on the BNB Chain surrounding CZ's pet dog.

CZ's dog Broccoli sparked a massive PVP battle on the BNB Chain, with a large number of homogeneous tokens named "Broccoli" emerging simultaneously on the BNB Chain, quickly flooding the new coin boards with the same images and names.

The participation of Bounce Brand's official team pushed the "Broccoli" hype to new heights. On the evening of the 13th, Bounce Brand launched a new token, initially named $MAL after CZ's Belgian Malinois dog. However, after CZ revealed his dog's real name, Bounce Brand renamed the already launched $MAL token to $BROCCOLI and provided the contract address on the BNB Chain.

Well-known KOL "Calm Down, Calm Down, Calm Down (@hexiecs)" bought 1% of the $BROCCOLI launched by Bounce Bit, stating that he did so because: 1. Bounce Bit team deployment, fair launch, unlike several other coins' developers with massive insider trading; 2. A genuine OG contract that was deployed before CZ announced it, and then renamed after CZ revealed the name; 3. Several coins from the Bounce Bit team have been listed on Binance, providing some imaginative space.

Compared to other tokens that may only stand out after experiencing intense PVP, the token released by Bounce Brand's official team acted like a striking buoy in this meme melee, quickly catching the attention of numerous investors. After the announcement of the token renaming, its market cap surged, reaching a peak of over $70 million within about 2 hours.

However, in the end, Bounce Brand's token did not become the "Broccoli leader." The popular project on the Binance Web3 wallet (which previously had the "CZ's Dog" project, now deleted) showed that as of the time of writing, the highest market cap among Broccoli series tokens was only $300 million. Despite high market participation, a leading project with a high consensus has yet to form.

When tens of thousands of meme coins named Broccoli appeared on the BNB Chain, the BNB Chain did not provide users with a smooth service like the Solana chain. Countless investors experienced the embarrassment of being unable to buy or sell, network congestion, page freezes, getting caught in traps, and encountering numerous rug pulls… With Solana's success as a precedent, investors couldn't help but complain about the poor user experience of the BNB Chain.

To visually demonstrate the gap in infrastructure between the BNB Chain and the Solana chain, I selected several aspects for comparison: TPS and transaction volume, daily active users, token creation data, and security and compliance.

1. TPS and Transaction Volume

Solana is favored for its high throughput and low latency. The transaction volume can reach thousands or even tens of thousands per second, greatly enhancing the network's processing capacity. For a large number of meme coins, Solana can handle a massive volume of transactions in a short time without bottlenecks. Although BSC does not perform as highly as Solana, it still maintains a relatively high transaction speed, and its simpler structure allows for stable transaction processing. BSC improves its compatibility with the existing Ethereum ecosystem by using Ethereum-compatible smart contracts (EVM), which helps attract more developers.

In terms of transaction speed, according to blockchain explorer data, the real-time TPS on the Solana chain is 1,204, while the real-time TPS on the BNB Chain is 96.3. The peak TPS for BSC is about 300-404, while Solana's theoretical peak TPS is 65,500, but the daily TPS is generally over 1,000. The data comparison is clear; Solana's transaction speed potential far exceeds that of the BNB Chain. In terms of transaction volume, according to DefiLlama data, the 24-hour transaction volume on the Solana chain is $3.772 billion, while the BNB Chain's 24-hour transaction volume is $3.292 billion, making them roughly equivalent.

2. Daily Active Users

According to DefiLlama data, the 24-hour active users on the Solana chain are 4.67 million, while the BNB Chain has 1.73 million active users, making Solana's active user count nearly three times that of BNB Chain. A high number of active users indicates greater transaction demand and on-chain liquidity, which is crucial for the rapid trading and dissemination of meme coins. For a long time, the Solana chain has been the main venue for meme coin PVP, thus accumulating a large number of active users. Due to user inertia, even as BNB Chain's popularity gradually increases, users on the Solana chain are unlikely to migrate to the BNB Chain quickly.

3. Number of Tokens Created and Daily Token Creation

KOL DefiMochi (@defimochi) disclosed a statistic from Dune on Twitter, showing the token deployment situation on the four.meme and pump.fun platforms. The data indicates that a