While most of the L1 chain tokens have dropped after the recent market crash, BNB has shown relative strength.
The strength is tied to the activity in BNBchain and the growth of $BNB usage.
Looking at on-chain data, and what led to growth, we can understand how this happened:
• BNBchain's incentive programs, such as the recent $100M liquidity incentive program for listing on centralized exchanges, directly aligned more builders to launch on BNBchain.
https://t.co/O2Su0LwTKH
• And the weekly liquidity support program to increase the liquidity of BNBchain pairs:
https://t.co/Rf5Wnz4DzU
• Meanwhile, a permissionless launchpad called Fourmeme has seen a massive uptick in growth, led by several tokens directly listed on Binance after launching from the platform.
https://t.co/TvixFsHlwV
• While the surge in activity is very apparent on the meme coins side, that wasn't the only focus of BNBchain. BNB AI Hack is one of the many programs co-led by BNBchain and other sponsor builders of the chain.
https://t.co/VS5SUCT8Nq
• In the meantime,
@cz_binance's active participation in the community—in his own words, "cheerleading 😅"—has been growing the chain's spirit and making more builders and community members place their bets on BNBchain again.
https://t.co/nZnQ4xtL3u
Supporting the builders of BNBchain significantly impacts $BNB's performance, as can be seen from the latest relative strength created.
A new era is starting on BNBchain that is visible by all means.