Binance Coin is in the spotlight, setting BNB on a bullish rally that has pushed it up in ranking over Solana. Whether this rally is here to stay remains debatable
Earlier this week, Binance Coin (BNB) surged past Solana (SOL) to become the fifth-largest cryptocurrency by market capitalization. In the last 24 hours, Binance Coin jumped by 8.07% to $702.69, while Solana slid by 2.79% to $191.
Binance Coin Growth Fueled By BNB Chain Pivot
Drawing on this positive price outlook, BNB’s market capitalization jumped to $104 billion. On the other hand, Solana saw its market cap decline to around $95 billion.
This Binance Coin rally might stem from hype around the newly unveiled BNB Chain 2025 roadmap. The layer-1 network disclosed many important upgrades to improve performance and user experience.
Notably, the roadmap reveals one plan to reduce block latency from three seconds to under one second, a change that promises near-instantaneous transaction processing.
Per the report, the network is also set to introduce gasless transactions. This will allow users to pay fees with stablecoins or BEP-20 tokens instead of the traditional gas fee. Some industry observers believe this could make the platform more user-friendly.
In addition, recent on-chain metrics support this trend, showing a 115% rise in transaction fee revenue over the past week as user activity grows. This opposes Ethereum and Solana, which are experiencing a sharp decline.
Benefitting From Memecoin Rebirth
Meanwhile, in an X post, Binance founder Changpeng “CZ” Zhao inspired new conversation in the crypto community by hinting at the launch of a new memecoin project.
CZ’s announcement to his nearly 10 million followers on the social networking site X has fueled interest in memecoins, a market segment that has typically favored Solana.
CZ, who has previously criticized memecoins for their lack of utility, may be shifting his perspective as he considers the potential benefits of this new venture.
Experts believe that if the memecoin gains traction on the BNB Chain, it could drive additional on-chain activity and boost BNB’s price. This could potentially elevate its market capitalization and ranking.
Meanwhile, in January, CZ predicted a rare integration of AI and crypto in the future. He is positive that AI and crypto will merge to complement each other.
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