The following content is released by JuCoinLabs Crypto Research Institute:

Recently, Binance has once again become the focus of market attention. CZ and Yijie have stepped in to help boost the popularity of BNB Chain. BNB Chain's MemeCoins have once again ignited the passion of the market, with $mubarak having a market value of up to 130 million US dollars. In addition, BNB Chain has also gradually improved its infrastructure construction and carried out activities such as on-chain transaction fee reductions. In addition, more and more projects have begun to build on BNB Chain. Binance-related has become a recent gold rush. Below, we will focus on recent Binance-related MemeCoins and other valuable projects worth paying attention to.

MemeCoins worth watching recently

1. $mubarak

$mubarak is the trigger of the gold rush on the BNB Chain after $TST, and is also regarded by the community as one of the most promising MemeCoins on this round of BNB Chain.

$mubarak comes from the related financing obtained by Binance and the dissemination of CZ. The cause of the incident was that on March 13, MGX, a top sovereign fund company headquartered in Abu Dhabi, UAE, announced an investment of US$2 billion in Binance. This is not only the first time that Binance has obtained institutional financing, but also the largest financing record in the cryptocurrency industry to date. On March 14, Binance's official media released a Meme picture with Arabic style, and then CZ forwarded it with the text "Mubarak" (Arabic blessing) and spread it again on Binance Square. The market responded quickly, and community members immediately launched MemeCoin $mubarak on Four.Meme, the top launch platform of BNB Chain. On March 15, CZ bought 1 BNB of $mubarak in the public wallet (wallet address: 0x28816c4C4792467390C90e5B426F198570E29307). On March 16, CZ changed the avatar of the Twitter related to the $mubarak element. At this point, $mubarak’s market value has risen to around 150 million US dollars.

$mubarak is the leading meme of this round of BNB Chain, and is also the focus of Binance's current voting for listing. $mubarak is currently in a sideways state, and there are still some profit-taking. Therefore, there may be some adjustments. But overall, $mubarak has high community sentiment, strong Meme communication properties, and has been strongly promoted by CZ, so it is likely to be listed on Binance spot. According to on-chain data, $mubarak's capital inflow in the past 24 hours was 8.69 million, and the capital outflow was 8.26 million. As of now, $mubarak has 21.36K coin addresses and a market value of about 140M. From the chain, the inflow and outflow data are basically balanced, and there is room for bullishness in the overall trend.

CA: 0x5c85d6c6825ab4032337f11ee92a72df936b46f6

2. $BNBCard

$BNBCard is a representative project that CZ started to promote the popularity of BNB Chain after he built the MemeCoins of BNB Chain.

The narrative of $BNBCard comes from a picture of an "early construction card" released by Binance in the earliest days. In the early days, this card was only available to Binance staff. Some people in the community thought that if they couldn't get a Binance card, they could make one themselves. So someone developed the website bnb.cards , which can meet the needs of community users to make this card themselves. Since the card making process is very simple, users only need to upload pictures and enter relevant information, and it only takes a few seconds to generate a card. Therefore, more and more users participated in the production of cards, and MemeCoins $BNBCard was born.

$BNBCard is a MemeCoins with a first-mover advantage on this round of BNB Chain. The project has CTO. $BNBCard has also received support from CZ and He Yi, but from the perspective of coin holding addresses and community sentiment, $BNBCard's overall performance is not as good as $mubarak. However, it is worth noting that $BNBCard's on-chain liquidity is overall balanced, with an inflow of 2.73 million and an outflow of 2.83 million in the past 24 hours. From the perspective of market value performance, $BNBCard is on a downward trend. As of now, $BNBCard has 7.95K coin holding addresses and a market value of 6.1M.

CA: 0xDc06717F367e57A16e06CcE0c4761604460da8Fc

3. $SIREN

$SIREN is a project that grew up in the first wave of popularity of BNB Chain. It is an AI target that is under long-term construction on BNB Chain. It is also a project worthy of special attention in this round of Binance voting.

$SIREN is an AI agent for $AIXBT analysis based on BNB Chain, and is also a key meme project for AI narrative on BNB Chain. The core of $SIREN lies in SirenAIAgent, whose artificial intelligence module is designed to have a dual personality to adapt to different user preferences. Compared with other MemeCoins, $SIREN has a stronger background. $SIREN is one of the first projects to be listed on Binance alpha, and also won the runner-up in the first trading competition of BNB Chain, and received $600,000 in fund support from Binance. In the recent Binance voting event, $SIREN ranked very high, and the community believes that $SIREN is expected to be listed on Binance spot.

$SIREN is the AI ​​representative project of BNB Chain, and its community foundation is very solid. Therefore, the community regards $SIREN as the leader in the AI ​​field on BNB Chain, and believes that its innovative concepts and community support give it a large room for growth. In addition, it is worth noting that $SIREN's on-chain liquidity is better than most of the MemeCoins on BNB Chain. $SIREN's coin holding addresses are relatively concentrated, with the top holder accounting for 25.95%. According to on-chain data, $SIREN's capital inflow in the past 24 hours was 3.36 million, and the capital outflow was 3.54 million. As of now, $SIREN's coin holding addresses are 32.63K, and the market value is 48M.

CA: 0x997a58129890bbda032231a52ed1ddc845fc18e1

4. $BID

$BID is not only a MemeCoin, but also a representative project of long-term construction on BNB Chain. Currently, there are 4,300 agents and 430 million platform transactions on the platform, but the market sentiment and on-chain activity are average.

$BID is a blockchain and AI-driven digital content monetization and ownership platform, in which $BID also has its own revenue mechanism, and 1% of the transaction tax of AI agents belongs to the $BID platform. $BID also supports content creators to build AI-driven digital assets, while also providing tools to enhance creators' autonomy over their work and income. $BID's long-term goal is to become the user's preferred AI agent platform, build a truly interoperable AI agent, and achieve a positive flywheel for the project through paid services.

It is worth noting that $BID is also a Binance public sale project, but from the perspective of community activity and on-chain activity, $BID data is poor. According to Dune data, the total market value of AI agents on $BID is also on a downward trend (as shown in the figure below). In addition, community users have reported that it takes a long time to retrieve tokens after $BID is pledged. According to on-chain data, $BID's capital inflow in the past 24 hours was 230,000, and the capital outflow was 240,000. As of now, $BID has 6K currency addresses and a market value of 16M.

CA:0xa1832f7f4e534ae557f9b5ab76de54b1873e498b

5. $TUT

Compared with other projects, $TUT has been under construction for more than a year. It is a representative project in the education track that C attaches great importance to, and has also been mentioned by CZ. It is currently an observation project for Binance voting to list, and has a certain community foundation and on-chain activity.

The $TUT token was originally designed as an educational token, aiming to help users learn blockchain technology and BNB Chain through educational videos and tutorials. The $TUT project is the project owner @YerasylAmanbek , a partner of Binance. It originated from the network environment, and after development and testing optimization, it has been successfully deployed to the BNB Chain mainnet. The founder of $TUT was praised by CZ, and the video of the TUT test coin he created was also forwarded by CZ. Currently, $TUT has been launched on Binance alpha, so it also has a certain degree of community attention.

Overall, $TUT is in the education track that CZ focuses on, and has also received CZ's attention and support many times. $TUT has a certain degree of community attention, but judging from the on-chain data, its performance is average. According to the on-chain data, the inflow of $TUT in the past 24 hours was 1.1 million, and the outflow of funds was 1.19 million. As of now, the number of $TUT holding addresses is 14.69K, and the market value is 21.36M.

CA:0xCAAE2A2F939F51d97CdFa9A86e79e3F085b799f3

Valuable projects worth noting

At the same time, Binance is also stepping up its efforts to support valuable projects with real technical support. We will conduct a detailed analysis below.

1. $BMT

$BMT raised 202,990 BNB in ​​Binance's IDO, with an oversubscription rate of 13,500%. After TGE, $BMT's daily increase exceeded 30%. In addition, $BMT requires users to pay to unlock more advanced features, so the project has a stable source of income. Overall, $BMT is seen as a potential investment target at present.

• Introduction

Bubblemaps started in 2021 at Moonlight. Based on bubble chart technology, it uses intuitive "bubbles" to represent the size of wallet holdings. When users make transactions, they can connect related wallets to help users intuitively track capital flows and market trends.

• Token Economy

The total amount of native tokens $BMT is 1 billion, and the token distribution is 26.3% for the ecosystem and community, 24.3% for investors, 22.2% for airdrops, 12.2% for liquidity, and 9% for the team. At the time of token issuance, 27% of the total tokens have been circulated, and the remaining part will be released in stages through the lock-up and linear unlocking mechanism.

• Token Function

Holding $BMT can unlock advanced platform features (including profit and loss tracking and cross-chain monitoring, etc.) and community governance rights

• Investment and Financing

Bubblemaps received seed round financing on September 18, 2023, with a financing amount of approximately US$3.5 million. Investors include INCE Capital, Stake Capital, etc. In addition, Bubblemaps also received support from Consensys, polygon, etc.

• team

The core team members of Bubblemaps have extensive experience in technology and product development, including CEO Nicolas Vaiman, COO Arnaud Droz and CTO Léo Pons.

• On-chain analysis

Bubblemaps currently has 500,000 monthly active users, the current MC market value is 48.77 million US dollars, there are 4,677 on-chain coin holding addresses, and the coin holding addresses are concentrated. The first coin holding address accounts for 71.43%, the second coin holding address accounts for 8.02%, and the third coin holding address accounts for 4.74%.

• Investment Logic

Bubblemaps has achieved a hundredfold oversubscription on Binance, and the market continues to be optimistic after TGE. From the product point of view, Bubblemaps has been connected to the mainstream public chain. With the popularity of MemeCoins, Bubblemaps has more practical application scenarios. From the project's revenue point of view, Bubblemaps also has a stable income. In addition, Bubblemaps has received support from top VCs such as Consensys and polygon, and its current market value is only 48.77 million US dollars. Therefore, Bubblemaps is a project with low value at present.

2. $CAKE

• Introduction

PancakeSwap is a decentralized exchange (DEX) built on BNB Chain, using an automated market making (AMM) system. PancakeSwap focuses on providing decentralized trading services with low fees and high speed. In addition, it also provides functions such as yield farming, lottery, and initial farm issuance (IFO) across other protocols.

• Token Economy

The initial total amount of the native token $CAKE is 144 million, which is an unlimited issuance mode. Each block produces 25 $CAKE, and the daily increase is about 1.152 million. In addition, $CAKE has also set up a destruction mechanism to destroy $CAKE through transaction fees, NFT transactions and other scenarios. The recent weekly average destruction volume exceeds 5 million, maintaining the deflation state of the token.

• Token Function

$CAKE holders can participate in community governance and share transaction fee dividends (about 0.2%-0.23% of transaction volume). In addition, staking $CAKE or providing liquidity (LP) can obtain high annualized returns. Recently, more than 70% of BNB Chain's MemeCoins transactions are based on PancakeSwap.

• On-chain analysis

Currently, the MC market value of $CAKE is US$800 million, and the number of coin holding addresses is 1,827,344. Except for the addresses used for liquidity mining, other addresses are relatively scattered.

• Investment Logic

PancakeSwap is a project supported by the Binance brand. After years of construction, it has achieved certain results in DeFi and other fields. The recent outbreak point is that with the advent of the MemeCoins craze of BNB Chain, $CAKE will also usher in a phased development. Defillama data shows that the daily trading volume of BNB Chain's DEX exceeds 2 billion US dollars, ranking first in the public chain ranking. $CAKE has also become the decentralized exchange with the highest trading volume. In addition, $CAKE has also received the attention of CZ. Therefore, in the medium and long term, $CAKE is also a current value depression project.

3. KiloEx* (token not issued yet, TGE to be launched soon)*

• Introduction

KiloEx is a multi-chain perpetual contract DEX that is committed to solving the risk management and capital efficiency of traditional decentralized derivatives platforms. The core mechanisms of KiloEx include intelligent liquidity aggregation engine, dynamic margin system, on-chain risk stratification model and automated position balancing algorithm. KiloEx can significantly improve the utilization rate of user funds while reducing the risk of liquidation in extreme market conditions. Currently, KiloEx is also the leading derivatives project of opBNB chain and Manta Pacific.

• Token Economy

The total number of tokens is 1 billion, divided into utility tokens $KILO and custody tokens $xKILO. The differences are as follows: $KILO can be freely bought and sold, and can be exchanged for $xKILO at a 1:1 ratio, but cannot share the platform revenue; $xKILO cannot be circulated, and needs to be unlocked linearly for 15-180 days to share the platform revenue. In terms of the distribution of utility tokens $KILO, 30% is distributed to $xKILO holders, 40% is distributed to the ecosystem, and 30% is distributed to the liquidity pool (kUSDT Vault)

• In terms of token functions, it is used for transaction fees, staking rewards, and community governance, etc.
• team

KiloEx received financing from YZi Labs and Foresight Ventures in 2023 and 2024 respectively. The specific amount of financing has not been disclosed yet.

• Investment Logic

KiloEx was originally scheduled to hold a TGE on March 17, but it has been postponed. Its TVL has exceeded $5,000, and it has received financing from YZi Labs. The product logic meets the market demand and is a rigid product. The project also has positive income and a good token economic model. It has not yet held a TGE, so it is worth paying attention to.