Original Author: Scof, ChainCatcher
Original Editor: TB, ChainCatcher
The BNB Chain has been exceptionally hot lately.
Since CZ stepped in to shill $Mubarak, a large influx of funds has poured in, giving rise to multiple large MC memecoins that have driven the BNB ecosystem to heat up. According to Defillama data, the BNB Chain's DEX PancakeSwap surpassed Uniswap in trading fees over the past 24 hours, becoming the top one.
In addition to the meme coin craze, high-quality projects in the BNB Chain ecosystem are also emerging. According to Rootdata, there are currently 201 projects on the BNB Chain that have received funding, have not yet issued tokens, and are still in operation, many of which are star projects supported by institutions like Binance Labs (now YZi Labs) and Polychain. These projects cover areas such as DeFi, cross-chain liquidity, and AI computing, representing the long-term development direction of the BNB ecosystem.
This article will review 7 of the most actively traded meme coins on the BNB Chain recently, and introduce 5 ecosystem projects that have received funding but have not yet issued tokens, analyzing their narratives for readers' reference.
Arabic Concept Memes
1. $mubarak (mubarak)
Mubarak in Arabic means "blessed". It is commonly used in holiday greetings.
On the afternoon of March 13, the official Binance Chinese X account forwarded an image of an Arabic-dressed meme character, and shortly after, CZ himself also forwarded it, with the caption "Mubarak". Subsequently, a large number of meme coins with the same name appeared on the chain.
Perhaps to avoid the problem of multiple contracts mixed together in the Broccoli incident, CZ forwarded a tweet from a Mubarak community member on the morning of March 14, indirectly specifying the official CA.
On March 15, CZ posted a meme image of Mubarak on the Binance Square, captioned "Going to see a friend this weekend". The token price immediately soared from $0.004 to $0.04. That evening, Mubarak was listed on Binance Alpha, and the market speculated that it might officially list on Binance, with the price fluctuating violently around $0.04.
On March 16, a wallet address marked as CZ bought 1 BNB worth of $mubarak, and the token then rose continuously, with its market cap peaking at over $270 million.
Market Cap: $3.2 billion
24-hour Trading Volume: $82.1 million
Token Price: $1,328
2. $Mubarakah (Mubarakah)
Mubarakah is a "female version" of Mubarak created by the community based on the Mubarak meme image, combined with the image of He Yi. It has not yet been "endorsed" by CZ or He Yi, and relies mainly on community promotion.
Market Cap: $5.4 million
24-hour Trading Volume: $33.9 million
Token Price: $0.055
3. $QMubarak (QueenyiMubarak)
QMubarak is also a meme derivative of Mubarak, with the same concept as Mubarakah, both positioning themselves as the "Middle Eastern version of He Yi". The meme image of this token was forwarded by He Yi's own X account, and then it surged over 200 times.
Market Cap: $0.04 million
24-hour Trading Volume: $13.8 million
Token Price: $0.00044
Community Concept Memes
4. $BNB Card (BNB Card)
Binance officially released an early construction card, and someone issued a token based on this meme. Later, more people showed off their own cards, and even the "Big Sister" also posted in support.
On March 18, He Yi posted an image created based on the BNBCard on his X account, captioned "The humble little He Yi is listening to advice". The token then surged over 60% in one hour.
However, due to the large sell-off by the largest holder @Wolfy_XBT at the high point, the token price experienced a huge downturn, with the market cap dropping from nearly $10 million to $3 million. After being collectively criticized, the user donated 3% of the tokens to CZ, and the community has since had new expectations for this token.
Market Cap: $5.4 million
24-hour Trading Volume: $42.7 million
Token Price: $0.053
5. $DDDD (DDDD)
$DDDD was born during the Four platform downtime, representing the first letters of the Chinese phrases "take care of your brother" and "those who understand, understand". The "Big Sister" proposed this term on Twitter. Initially, $DDDD was misunderstood and even distorted by the Big Sister during the FUD process, but was later clarified. This twist has made it a meme with a memorable point. The repeating four letters make it easy to spread, and also allow more people to understand the unique style of Chinese memes.
Market Cap: $2.1 million
24-hour Trading Volume: $29.6 million
Token Price: $0.021
6. $TUT (Tutorial)
$TUT is touted as a memeCoin created by real Builders, and currently has its own website and roadmap. 10 months ago, the developers recorded the first tutorial on how to issue tokens on the BNB Chain, mentioning this $TUT token. Therefore, this token is considered a more OG existence than $TST, and has been hyped up in the recent BNB Chain craze.
Market Cap: $49.32 million
24-hour Trading Volume: $124 million
Token Price: $0.051
7. $Palu (Binance's Palu)
Palu initially appeared as Binance's mascot, and the official Binance Chinese account had used the #Web3Palu tag multiple times, but the community response was lukewarm.
Until March 14, Binance released an organizational chart of the exchange, in which the "mysterious eighth person" was identified as the meme king Palu, symbolizing all Binance users. He Yi's comment further boosted the hype, and this meme quickly went viral.
Market Cap: $1.8 million
24-hour Trading Volume: $7.4 million
Token Price: $0.018
Projects That Have Received Funding But Not Yet Issued Tokens
According to Rootdata, the BNB Chain currently has 201 projects that have received funding, have not yet issued tokens, and are still in operation. This article selects 5 representative projects from among them for review.
1. APRO
Keywords: Polychain Investment; MVB Season 8; AI Infrastructure
Introduction: APRO is the industry's first data communication infrastructure serving the AI Agent ecosystem, aiming to solve the lack of secure, verifiable and real-time communication between AI Agents. Its core products include the AI data transmission standard protocol ATTP (Agent Text Transfer Protocol Secure) and the trusted data oracle for AI. Through technologies such as large models, zero-knowledge proofs, and consensus mechanisms, it acts as the data hub for AI Agents, providing multi-source, verifiable, and tamper-proof information, including price data, social media data, game data, etc., to ensure data authenticity. It provides decentralized data transmission support for AI Agents in important application scenarios such as DeFi, DAO governance, and token issuance, enabling AI agents to directly achieve efficient collaboration and make smarter decisions such as autonomous trading and governance.
The project completed a $3 million seed round of funding on October 7, 2024, led by well-known investment institutions Polychain, Franklin Templeton, and ABCDE. In addition, APRO's AI landscape has integrated multiple AI agent frameworks such as DeepSeek, ElizaOS, and Virtuals Protocol (G.A.M.E.), and is currently running on over 20 public chains including BNB Chain, Base, and Solana. The project has not yet announced its token economics.
2. Astherus
Keywords: Yzi Labs Investment; MVB Season 7; Re-staking
Introduction: Astherus is a multi-asset liquidity hub focused on enhancing the yield and utility of crypto assets. Its core products include AstherusEarn (yield generation) and AstherusEX (on-chain perpetual trading), supporting cross-chain assets and providing users with stablecoin yields, derivatives trading, and efficient asset utilization. Astherus is composed of the dApp layer, DeFi infrastructure layer, and the future L1 public chain AstherusLayer, building a complete decentralized finance ecosystem.
On July 30, 2024, Astherus was selected as one of the first batch of projects in the seventh season of the Binance Labs (now YZi Labs) incubation program, and on November 28 of the same year, it received strategic investment from YZi Labs.
According to the official website, the project's current TVL has reached $275 million. On January 7, 2025, Astherus has launched the first stage of the competition, where users can earn Au points by forming LP pools and minting USDF, and Rh points by participating in transactions, which can be used for the allocation of the $ASS token during the TGE.
3. KiloEx
Keywords: Yzi Labs investment; MVB Season 6; DeFi derivatives
Introduction: KiloEx is an innovative perpetual contract DEX designed for multi-asset trading, committed to solving the bottlenecks of traditional decentralized derivative platforms in risk management and capital efficiency. Its core mechanisms include a dynamic margin system and a smart liquidity aggregation engine, which significantly improve user capital utilization and reduce the risk of liquidation in extreme market conditions, through the introduction of on-chain risk layering models and automated position balancing algorithms. The platform supports one-stop trading of a variety of asset classes, including cryptocurrencies, forex, and stocks, providing seamless hedging, cross-market arbitrage, and asset allocation capabilities for individual traders and institutional users.
KiloEx adopts a modular architecture design, compatible with both EVM and non-EVM public chain ecosystems, and has currently been deployed on Ethereum, BNB Chain, and Solana networks. In the future, it will achieve cross-chain liquidity sharing through cross-chain communication protocols.
In March 2024, the project announced that it had received strategic investment from Binance Labs (now YZi Labs), Foresight Ventures, and other institutions. The official recently stated that the originally scheduled TGE on March 17 will be postponed, with the new date to be determined.
4. LoopCrypto
Keywords: a16z investment; payment infrastructure
Introduction: LoopCrypto is a protocol that supports automatic cryptocurrency payments, designed for subscription services, DAO fund management, and enterprise payroll, solving the problems of cumbersome Web3 transactions and high churn rates. Through APIs and smart contracts, Loop enables seamless integration of automatic payments for businesses, supporting various billing models and compatible with existing payment systems, delivering an efficient and convenient crypto payment experience.
The project completed a $4 million seed round funding in April 2022, led by the well-known investment firm a16z. The project has not yet disclosed its token economics.
5. Sign Protocol
Keywords: Yzi Labs investment; cross-chain authentication infrastructure
Introduction: Sign Protocol is the first verifiable claims protocol for the entire chain ecosystem, aiming to solve the core pain points of on-chain information authenticity and legal validity. Its core components include Signatures, a compliance certification framework based on digital signatures and zero-knowledge proofs, allowing users to sign legally binding smart contracts with their private keys and generate immutable on-chain evidence; and TokenTable, a full lifecycle management tool designed for token distribution, providing standardized solutions for setting lock-up rules, allocating vesting periods, and automatically executing defaults.
By integrating decentralized storage and verifiable credential (VC) technologies, Sign Protocol has built an end-to-end trusted authentication infrastructure for DeFi protocol auditing, DAO governance voting, NFT copyright declaration, and other scenarios.
On January 28, 2025, the project announced that it had received $16 million in funding led by Yzi Labs, with participation from HackVC, Amber Ventures, and others.
(This article is for reference only and does not constitute investment advice.)
