This morning, BSC topped the trending meme coin list, completely pushing Solana aside. While SOL remains a key player in this market sector, BNB’s blockchain might be the strongest candidate for a potential takeover.
Other blockchains, such as Base and XRP, had their moments of potential long-term success, but those opportunities have faded. Currently, BSC boasts the most robust infrastructure and community to dominate this space.
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Can BSC Usurp Solana?
Solana has traditionally led the blockchain scene for meme coins, but a new competitor appears to be challenging its status. Recently, BNB Smart Chain (BSC) has surged in this sector, with one analyst noting its expulsion of Solana from the top trending positions:
Naturally, the list of trending meme coins is ever-changing, and such statistics are rarely permanent. For instance, at the moment of writing, the 5-minute trending category shows different results.
All five top assets are from Solana, not BSC, yet both blockchains are closely matched in the one, six, and 24 hour leaderboards.
However, such an upset does not happen without reason. BSC must be considered a serious challenger to even briefly rival Solana. Compared to BSC, are there any other blockchains capable of seizing control of the meme coin market? What does BNB Smart Chain possess that other projects lack?
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Meme Coin Contenders Explained
Eighteen months ago, rumors circulated that Base could take Solana’s place in this domain. However, security issues drove some investors away, resulting in a weakened native meme coin community.
This stagnation has been compounded by a lack of popular launch platforms and fragmented liquidity across EVM venues and bridges.
Regarding an enthusiastic “meme-native” community, XRP seems to have no real competition. XRP meme coins had a brief period of popularity last year, but this sector has evidently dwindled since then. A few projects still shine, but most XRP meme coins are largely inactive.
In contrast, BSC finds itself in an advantageous position to overtake Solana.
While Binance has somewhat distanced its branding from BNB and BSC, the integration and leverage within its ecosystem continue to help these projects reach a broader audience. The blockchain is actively developing meme coin launch platforms, while Solana exhibits signs of saturation and exhaustion.
BNB is currently experiencing a rise in popularity, which bodes well for the rest of its blockchain ecosystem:
In summary, BSC possesses numerous factors that could facilitate its overtaking of Solana. Today’s success in trending token lists does not guarantee enduring triumph, but BSC stands as the most formidable contender for achieving that goal.
Unless another blockchain can cultivate a similar community and infrastructure, it is likely to hold its current prominence.
