BNB Chain has supported the development of the meme ecosystem with $1 million through its Meme Innovation Program.
Among them, the "BNB Chain Meme Innovation Battle" competition provides a platform for developers and communities to showcase their creativity and compete for up to $500,000 in rewards.
CAT topped the list with a total trading volume of $54.3 million, showing that this competition successfully promoted liquidity and innovation in the BNB Chain community.
As part of the program, WHY's market capitalization reached $70 million.
Developers can easily create memecoins on BNB Chain using launch platforms such as Four.meme, Burve, and Flap.
In addition, they can easily create and issue their tokens through TokenFi or PinkSale. BNB Chain has become an ideal choice for creating memecoins with its low fees, fast transactions, and large user base.
On BNB Chain, the two largest memecoins are Floki and Baby Doge Coin.
Floki has a daily trading volume of $2.8 million and a fully diluted valuation (FDV) of $766.4 million. Meanwhile, Baby Doge has a daily trading volume of about $1 million and a FDV of $274.1 million.
To further develop and grow promising meme projects, BNB Chain has allocated $900,000 for liquidity provision (LP) support.
All revenue from LP support funds has been reinvested to support further memecoin development, and these funds will be directed to dedicated LP addresses.
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