Is BSC Dominating Solana in This Meme Coin Cycle?

This morning, BSC took over the trending meme coin list, completely replacing Solana. SOL is still leading the field, but BNB 's blockchain may be the best candidate to replace it.

Other chain like Base and XRP had a chance to stand out in the long run, but both have fallen short. So far, BSC has the best infrastructure and community to really take over this space.

Can BSC Overtake Solana?

Solana is often the top blockchain in meme coins , but a new competitor may be aiming for its spot. Recently, BNB Smart Chain (BSC) has emerged in this space, with one analyst pointing out that it has displaced Solana from the most popular positions:

Of course, the trending meme coin list is always changing, and statistics like this don't last very long. For example, at the time of writing, the 5-minute trending list has different results.

All five of these top assets are from Solana, not BSC, and the two blockchains are competing closely in the 1-hour, 6-hour, and 24-hour rankings.

However, a change like this does not come naturally. BSC must be a serious competitor to even compete with Solana in the short term. Compared to BSC, is there any other blockchain that has a chance to take over the meme coin space? What does BNB Smart Chain have that other projects lack?

Explaining the meme coin candidates

A year and a half ago, there were market rumors that Base could replace Solana in this area. However, security vulnerabilities have made some investors unhappy, which has discouraged the native meme coin community.

This has stalled development, and the lack of popular launch rails and Shard liquidation across EVM venues and bridges has slowed its growth.

When it comes to a passionate “ meme-native” community, there seems to be no other choice than XRP . The XRP meme coin also had its moment last year, but the sector seems to have withered . A few projects still stand out , but most of the XRP meme coin is pretty much dead.

In comparison, BSC is in a strong position to overtake Solana.

While Binance has somewhat distanced its brand from BNB and BSC, the integration and ecosystem leverage still helps these projects reach more people. The blockchain is actively building meme coin launch rails, while Solana is showing signs of saturation and fatigue.

BNB is also gaining popularity, which seems to be a positive sign for the rest of its blockchain ecosystem:

In short, BSC has many factors that can help it surpass Solana. Today's success on the trending Token list does not necessarily guarantee long-term victory, but BSC is the best candidate to achieve this goal.

Unless another blockchain can build a similar community and infrastructure, it is unlikely to maintain this prominence.