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- BNB Chain upgraded block processing to combat network congestion caused by memecoin trading spikes.
- Rising gas fees and security concerns drive new initiatives, including liquidity support and MEV attack prevention.
The recent surge in memecoin activity has tested blockchain networks, prompting BNB Chain (formerly Binance Smart Chain) to implement key upgrades to handle the increased transaction load and maintain network efficiency.
Previously, CNF highlighted that BNB Chain announced a governance upgrade to improve efficiency, transparency, and community engagement. With this latest upgrade, validators can now process more bids per block, prioritizing time-sensitive transactions such as memecoin swaps.
In response to network congestion, BNB Chain has optimized its block processing mechanisms, aiming to enhance transaction speed and minimize delays during peak periods. See details in the BNB Chain tweet below.
We’re excited to announce the weekly winners of our Meme $4.4M Liquidity Pool Support Program 🎉
Congratulations to the weekly winners of Round 1!
Please note that you may notice some changes in the final ranking compared to the original official website list:
– Siren has moved… pic.twitter.com/s3rX5GHvrC— BNB Chain (@BNBCHAIN) February 28, 2025
The increased memecoin trading activity has led to a significant spike in gas fees. Over a recent seven-day period, BNB Chain users paid nearly $15 million in transaction fees, reflecting a 400% surge. This trend highlights the intense demand fueled by memecoin speculation.
Memecoins such as Test (TST) and Broccoli have energized the BNB Chain community. Reports indicate that TST gained unexpected attention after a tutorial mishap, leading to a market cap surge.
Similarly, the Broccoli token frenzy, triggered by Binance founder Changpeng “CZ” Zhao’s social media mention, saw one token reach a $1.5 billion market cap.
Liquidity Support for Innovative Tokens
To support the growing memecoin ecosystem, BNB Chain launched a $4.4 million liquidity support program. This initiative aims to stabilize promising projects, ensuring liquidity and encouraging innovation within the BNB Chain ecosystem.
Additionally, to counter the risks posed by MEV (Maximal Extractable Value) attacks, BNB Chain is implementing protective measures, including penalizing malicious actors, disconnecting harmful block builders, and introducing proposals to enhance transaction efficiency and mempool management.
Current Market Performance
Looking ahead, BNB Chain’s 2025 roadmap includes sub-second block times, gasless transactions through the Megafuel feature, expanded AI integration, and advanced developer tools. These advancements are designed to enhance network adaptability and resilience in the rapidly evolving crypto landscape.
As of now, Binance Coin (BNB) is trading at $564.78, reflecting an 7.83% decrease over the past 24 hours and an 7.53% decline over the past week, according to CoinMarketCap data.
