BSC Reignited: Binance's Bet Again

In the ever-changing landscape of the blockchain world, BNB Chain carries the trends of a complex era with its simplicity and efficiency. Although it may not be the most advanced or elegant public chain, and has even been viewed as a speculative place, it has single-handedly supported a prosperous period.

Now, as the market focuses on emerging public chains like L2, Solana, and Sui, BNB Chain quietly restarts its strategy, and Binance also readjusts its direction, investing heavily in ecological reconstruction. Is this a gamble with everything on the line, or a rebirth of old trees sprouting new buds?

In this act of "Empire's Counterattack", what we see is not only a technological update but also a multifaceted clash of beliefs, strategies, and destinies.

From Binance Chain to Rise of the Underdogs

In April 2019, Binance launched Binance Chain (, but this is just a "non-smart chain" primarily used to support Binance DEX and does not support smart contracts.

In September 2020, BSC) Binance Smart Chain( made its debut. This is an EVM-compatible chain, characterized by low Gas fees, fast block times, and low deployment thresholds. However, what truly made it the star was Binance's powerful resource integration capabilities and the era's dividends brought by the DeFi wave at that time.

BSC uses the PoSA) Proof of Stake Authority( consensus algorithm, combining DPoS and PoA mechanisms, based on 21 validator nodes to build the network and achieve block production in seconds.

In February 2022, BNB Chain was officially launched, resulting from the merger of the BNB Beacon Chain ), the original Binance Chain (, and the BNB Smart Chain ), the original BSC (. The BNB Beacon Chain is responsible for governance, while the BNB Smart Chain continues to support the development of the DApp ecosystem as infrastructure.

Subsequently, opBNB was launched as a Layer 2 scaling solution, capable of processing over 4,000 transactions per second, with an average Gas fee of only $0.001. BNB Greenfield, on the other hand, offers a decentralized storage solution.

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From Peak to Edge

In May 2021, the total locked value of DeFi on BSC surpassed 20 billion USD, second only to Ethereum. The number of daily active addresses exceeded 2 million, and PancakeSwap ranked first in trading volume across the network. Meme coins like Safemoon sparked a wave of interest, attracting a large number of retail investors.

However, the rise of Solana and various L2s has begun to siphon off users and funds. As of June 2025, the TVL of BSC is only $5.9 billion, which is 1/3 of its peak. Insufficient innovation, coupled with the regulatory pressures faced by Binance, has led to the gradual marginalization of BSC.

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The Rise of the Dynasty

In September 2024, CZ was released and returned, reigniting community enthusiasm. Meme coins surged again, with $TST and $MUBARAK triggering a new wave of wealth effect.

The introduction of the USD1 stablecoin has supplemented the dollar-pegged assets for BSC. The "$B" token is deeply bound to USD1, further enhancing the ecosystem's activity.

The launch of the Binance Alpha section and the AlphaPoints reward mechanism has brought new vitality to BSC. This not only broadens new channels but also increases trading volume while suppressing competitive platforms.

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Future Layout

BSC is making efforts in multiple areas:

1. Promote decentralization and emphasize the importance of self-custody wallets.
2. Vigorously develop AI applications and build a complete ecosystem of "data-computation-application-tools".
3. By utilizing multiple approaches such as Meme coins, USD1 stablecoin, incentive points, and wallet access, comprehensively enhance ecosystem competitiveness.

BSC is trying to redefine its position at the intersection of "decentralization x AI x high liquidity", creating "an AI-native traffic portal for the multi-chain era".

This gamble will test whether BSC can reignite its former glory and reach new heights in the new era. History is being written, and let's wait and see how this grand play in the world of blockchain unfolds.

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