The once-overlooked BNB chain has now made a strong comeback, with not only BNB leading the rally, but also its ecosystem projects rebounding. In contrast, SOL's short-term performance has been relatively weak, with its market capitalization even surpassed by BNB. The market's focus is quietly shifting, and the CEX track seems to be regaining its dominant position.
Market Overview
BTC: Oscillating upwards, but lacking clear inflow of large capital. The only potential catalyst is the SBR bill.
ETH: The rebound lacks clear logic, but signs of capital inflow are evident, with Cboe BZX filing an application to allow ETH staking.
SOL: Its market capitalization has been surpassed by BNB, and its ecosystem activity has declined. Although Sol has introduced the SIMD-96 proposal, the network has not seen any major breakthroughs, and the market focus may gradually shift towards the BNB ecosystem.
BNB: The BNB chain's ecosystem has made a strong comeback, with its ecosystem projects rotating and rising, and capital flowing back into the CEX track. The BNBCHAIN AI project myshell_ai has announced an upcoming TGE, and the recovery of the CEX track has made BNB a market hard currency.
Hot Events & Industry Dynamics
1. U.S. Customs has strengthened the seizure of Bitcoin mining machines, affecting multiple manufacturers.
2. Robinhood's revenue exceeded expectations, mainly due to cryptocurrency trading.
3. Coinbase supports the trading of $POPCAT and $PENGU on Solana, but the market has already focused on BSC.
4. The SEC stated that most memecoins are not within its regulatory scope.
5. CZ's interaction on the X platform may lead to a renewed surge in the BNB chain's memecoin track.
6. Franklin Templeton has launched Solana, becoming the third-largest tokenized money market fund.
7. The Swiss stock exchange SIX has launched a crypto asset collateral service, accelerating the compliance process.
Market Trend Analysis: CEX vs DEX
BNB ecosystem recovery: The BNB chain and its ecosystem have rebounded, with the CEX track regaining market focus, and investors are more inclined to focus on the Binance ecosystem.
Weak Sol ecosystem: Major projects have performed averagely, with its market capitalization surpassed by BNB, and DEX trading volume has not seen a surge, with short-term capital flowing towards the CEX track.
Summary
In the short term, the recovery of the BNB ecosystem has driven the return of the CEX track, while the Sol ecosystem needs new catalysts. The current market theme is the flow of capital back to the CEX, while the DEX track awaits a new breakthrough.
Finally, there are many other things that haven't been written, such as specific opportunities and decisions, which are often not something a single article can encompass.
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