The wealth effect has come to BNB Chain

On November 25, Binance Futures launched 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts. Both Cheems, the Shiba Inu MEME token with its own taunt buff on BNB Chain

The wealth effect has spread to BNB Chain.

On November 25, Binance Futures launched 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts. Both Cheems, the Shiba Inu MEME token with its own taunt buff on BNB Chain, and WHY, the token of the BSC MEME aggregation platform, have become the focus of market discussion. At the same time, Binance Labs announced its investment in BNB Chain's re-staking infrastructure Kernel, further consolidating BNB Chain's DeFi ecological layout. Two days later, Binance announced that Thena (THE) will be launched on November 27.

This representative DeFi project on BNB Chain not only attracted a large number of traders and ignited the market's discussion on the BNB Chain DeFi narrative, but also caused the prices of various native tokens and MEME on BNB Chain to rise due to its flywheel effect.

In the past few days, the transaction volume of BNB Chain has been on par with that of Base Chain, BNB Chain concept tokens have generally risen, and the liquidity of funds in the ecosystem has continued to rise. The discussion about "BNB Chain season" has heated up again, and the attractiveness of the ecosystem and market attention are continuing to increase.

In this article, BlockBeats has compiled which other projects on BNB Chain are worth paying attention to. This is not intended as investment advice. All market value and increase data are as of 22:00 on November 28, the time of writing.

AI MEME

Let’s talk about AI MEME on BNB Chain first. AI is a hot topic in the cryptocurrency circle recently, but the hype related MEME is still mainly on Solana and BASE chains. The popularity of this concept on BNB Chain is closely related to a tweet from Binance founder CZ. In the tweet, CZ mentioned: “AI tagging (or general AI data) is very suitable to be done on the chain. Leverage low-cost global labor, not affected by geographical bias, (micro) immediately paid in cryptocurrency. @BNBCHAIN Greenfield provides storage capacity. More tools still need to be built. Let’s build them.”

Although Defi OG Lao Lu also said not to think too much, the market's attention to AI MEME has indeed increased, and the increase in AI MEME has become a direct reflection of this.

$AICELL

Market cap: $20.28M

24-hour increase: 211.47%;

$AICELL is a BNB Chain-based AI project MEME coin and is also the winning project of the BNB Chain hackathon in the first quarter of 2024. As one of the AI MEME-themed projects currently hotly discussed in the community, it is considered to be an early project on the BNB Chain to test the waters in this track.

$NMT

Market cap: $37.6M

24-hour increase: 4.28%;

$NMT is the native utility token of NetMind.AI. As an AI project on BNB Chain, NetMind.AI owns NetMind Chain which adopts Proof of Authority (PoA) consensus mechanism, provides GPU computing power rental of various specifications and models, and has established strategic partnerships with many innovative AI companies.

The NetMind.AI team has a rich AI background. The founder, Kai Zou, graduated from Tsinghua University, has published many papers at top academic conferences, and has also collaborated with OpenAI researchers. This background enables NetMind.AI to connect with professional AI researchers and institutions. Currently, NetMind.AI has established academic partnerships with many world-renowned universities, including Tsinghua University, Cambridge University, University of Wisconsin-Madison, Shanghai Jiao Tong University, Huazhong University of Science and Technology, and Fudan University.

MEME

Let’s talk about MEME on BNB Chain. Everyone is familiar with WHY and Cheems which are already on BN, so I won’t elaborate on them. Their current market capitalizations are $80M and $137M respectively.

$COOKIE

Market cap: $38M

24-hour increase: 54%

$COOKIE is the token of COOKIE(Dot)FUN, a popular AI Agents MEME data platform. The platform focuses on providing real-time market data related to AI Agents, including the market value, price changes, trading volume and other core indicator rankings of each AI agent. As a project that combines AI and MEME narratives, $COOKIE provides investors with an important window to observe the market dynamics of AI Agents.

COOKIE(Dot)FUN's unique positioning gives it certain advantages in the current AI + Crypto craze. With the continuous explosion of AI Agents projects, the market demand for data analysis platforms is increasing. $COOKIE, as the token of COOKIE(Dot)FUN, may play a role in the following