BinaryX Renamed to Four, BNX Market Cap Surges Attracting Attention
On February 21st, the Crypto community received a major news announcement: BinaryX officially announced its rebranding to Four, marking an important step for this GameFi platform towards a broader Web3 ecosystem. The rebranding not only received strong community support, but also came with a plan to convert the $BNX token to $Four on a 1:1 basis, with the total supply, distribution, and use cases remaining unchanged. According to HTX's market data, after the announcement, the price of $BNX quickly broke through $1.2 and surged 32.1% within 24 hours, currently trading at $1.17. It is worth noting that $BNX has surged 8-fold in the past two weeks, with a market cap reaching $470 million. While the brand renaming is just the beginning, this wave of enthusiasm is closely related to the hot trend of Meme coins in the BNB Chain ecosystem.
What is BinaryX?
BinaryX was initially known as a GameFi development platform, with a team that had previously created the well-known CyberDragon and CyberArena. Established at the end of 2021, BinaryX quickly gained prominence after receiving investment from YZi Labs. Its core product, CyberDragon, is a blockchain game based on the BNB Chain, where players can earn rewards through mining, dungeon exploration, PvP battles, and trading land and castle Non-Fungible Tokens (NFTs). The platform's native token, $BNX, serves as a governance token and plays an important role in the game's economy.
Reviewing BinaryX's development history, the team has been taking frequent and bold steps:
- 2022: Launched a token buyback program to increase the scarcity of $BNX.
- 2023: Implemented a 1:100 token split to lower the entry barrier and attract more users.
- July 2024: Planned to burn 74% of $BNX to further reduce the supply.
- February 2025: Rebranded to Four and launched the Four.meme platform, officially entering the Meme coin domain.
From GameFi to a Meme coin launch platform, BinaryX's transformation demonstrates its keen insight into market trends. The rebranding to Four represents not only a name change, but also a comprehensive strategic upgrade, aiming to deeper integrate with the BNB Chain ecosystem and explore the forefront of Web3 innovation.
Analysis of the Surge: Binance's Embrace of Meme and the Rise of Four.meme
The 8-fold surge in $BNX within two weeks is worth a deeper investigation. Firstly, CZ's (Changpeng Zhao) recent positive attitude towards Meme coins has injected a strong boost into the BNB Chain ecosystem. On February 21st, CZ personally joined a WeChat group, publicly expressing his firm support for the "build BNB Chain" plan and inviting community members to provide feedback, thanking everyone for their suggestions. This move demonstrates CZ's determination to drive the development of the BNB Chain.
It is worth noting that in recent days, although the overall market remains sluggish, the flow of capital towards the BNB ecosystem has become increasingly evident, with the BNB Chain ecosystem exhibiting an upward trend against the market. CZ's support and commitment have clearly instilled strong confidence in the BNB Chain, further facilitating the flow of capital.
Secondly, the launch of the Four.meme platform has undoubtedly become a key catalyst for this price surge. As a decentralized Meme coin launch platform incubated by BinaryX, Four.meme not only inherits BinaryX's technical accumulation, but also quickly integrates with the increasingly hot Meme coin trend on the BNB Chain. Previously, the Meme coin $TST issued by Four.meme had reached a peak market cap of $440 million and was listed on Binance. This successful case has provided strong confidence support for the surge of $BNX (now $Four).
CZ's recent promotion of the Meme coin trend has further ignited market sentiment. For example, on February 14th, CZ's pet "Broccoli" triggered a Meme coin craze on the BNB Chain, and although no unified leading project was formed, Bounce Brand's $BROCCOLI token briefly reached a market cap of over $70 million, demonstrating the huge potential of Meme coins on the BNB Chain. Four.meme has seized this opportunity, closely integrating the use case of the $Four token with the platform's development, attracting a large amount of speculative capital.
The Future of Four and the Challenges for BNB Chain
From BinaryX to Four, this brand renaming is not only an image upgrade, but also an important milestone in its transformation from GameFi to the Meme economy. As a governance token, $Four will play an increasingly important role on the Four.meme platform and in the BNB Chain ecosystem. However, whether the BNB Chain's underlying infrastructure can support this Meme coin craze is still a question worth discussing.
Compared to Solana's high throughput and smooth experience, BNB Chain still lags behind in terms of transactions per second (TPS), network stability, and user experience. For example, Solana's TPS can reach 1,204, while BNB Chain's TPS is only 96.3; Solana's daily active users are nearly three times that of BNB Chain. The daily token creation volume of the Four.meme platform (3,947) is far lower than that of Solana's pump.fun (54,368), indicating a gap in activity and user base.
Nevertheless, BNB Chain has released a 2025 strategic roadmap, planning to enhance its competitiveness through measures such as improving transaction speed, optimizing the Gas fee mechanism, and upgrading the smart wallet. If these plans are realized as scheduled, combined with the innovative potential of Four.meme, the BNB Chain may witness a new outbreak in 2025.
Conclusion
The rebranding of BinaryX to Four is not only a dramatic transformation in its development journey, but also a microcosm of BNB Chain's embrace of the Meme coin craze. The 8-fold surge of $BNX is the result of community support, brand upgrade, and the resonance of ecosystem hot spots. For Four and the BNB Chain, opportunities and challenges coexist. Whether they can continue to lead in the Web3 domain may depend on their ability to achieve greater breakthroughs in infrastructure and innovative applications.
