The Resurgence of Binance Smart Chain in The Web3 Space

In February 2025, the Binance Smart Chain and its ecosystem suddenly surged back into the spotlight, driven by the meteoric rise of the BSC Trading Volume. PancakeSwap, the most popular decentralized exchange on the BNB Chain, reached $1 trillion in trading volume, a first for a BSC ecosystem project. Additionally, a test token ($TST) launched by the bnbchain team reached a market capitalization of $500 million in less than a week after its launch! This article explores the market sentiment, technical aspects, and fundamental factors that led to the BSC's resurgence in the Web3 space.

Test Token ($TST) Launch via four.meme Launchpad on BNB Chain

According to one of the most influential personas in the crypto world, the co-founder and former CEO of Binance, Changpeng Zhao (CZ), the buzz around the Binance Smart Chain started with a video tutorial. The hype indeed began with a "leak incident" involving a Binance Test Token ($TST) contract address that was shown during a tutorial video published by a BSC team member, which was shortly deleted. This prominent video featured a simple process of launching a memecoin and was released on X to educate users on how to launch a new coin on a four.meme launchpad. 

The hype surrounding the token, fueled by influencers' posts on X, led to $TST reaching a $30 million market cap on its launch day after the first tweet from CZ, regarding the “tricky situation” surrounding the $TST token. After a short-lived 2-day correction $TST pumped to $500 million two days later after being added to Binance Alpha List. 

The so-called Test Token deployed by bnbchain on four.meme, quickly escalated into a multi-million dollar market capitalization coin, culminating in a rapid Binance Futures listing and subsequent extreme volatility leading to an 86% dump from ATH. The $TST phenomenon illustrates the speculative nature of the current cycle, where the desire for quick profits outweighs the value of holding a cryptocurrency with genuine utility. In the end, the surge in $TST, fueled by FOMO, saw its price skyrocket thousands of percent before crashing back down after Binance Futures listing, leaving a trail of liquidations and demonstrating the inherent risks and opportunities within the Web3 space. 

Let’s explore the well-structured and planned comeback of Binance to the top of the decentralized world with an overview of Binance Web3 Wallet.

Binance Web3 Wallet: Gateway to the Web3 Multi-Chain Ecosystem

The Binance Web3 Wallet is often described as self-custodial, but in reality, it is a semi-custodial software wallet launched in November 2023. This distinction is important, as Binance plays a role in securing users' private keys, providing an additional layer of security. Before diving deeper into its features, it’s worth mentioning another Binance wallet, the standard Binance wallet used for trading and earning digital assets on the exchange. Unlike the Binance Smart Chain Wallet, which focuses on mobile experience and dApp connectivity, the standard wallet is primarily for exchange-related activities.

Binance Web3 Wallet Review: Pros

A Semi-Custodial System with Multi-Party Computing (MPC)

Security is a major concern when dealing with digital assets, and Binance Web3 Wallet addresses this through its semi-custodial approach and Multi-Party Computation (MPC) security system.

Unlike traditional self-custodial wallets where users bear full responsibility for private keys, Binance Web3 Wallet ensures safety by splitting private keys into three key shares stored in separate locations:

• Share 1: Secured by Binance.
• Share 2: Stored on the user’s device.
• Share 3: Encrypted with a recovery password and backed up in cloud storage.

With this structure, users need at least two key shares to access their wallets, ensuring no single point of failure. This added protection allows users to recover their wallets if they lose access, making it a safer choice for those who might forget their private keys.

Binance Web3 Wallet also integrates a risk control mechanism that alerts users to potential security threats, such as suspicious blockchain interactions or token risks. Additionally, Binance’s Secure Asset Fund for Users (SAFU) provides a safety net in case of unforeseen security breaches.

User-Friendly Design & Mobile Convenience

Binance Web3 Wallet is designed with user convenience in mind, providing a smooth onboarding process without requiring users to generate a seed phrase. There is no standalone Binance Web3 Wallet app, as it is integrated within the Binance mobile app, available on iOS and Android.

Once set up, the dashboard presents a minimalist and intuitive interface, making it easy to manage assets, send and receive tokens, and explore decentralized applications (dApps) seamlessly. The built-in "Earn" section simplifies DeFi interactions, allowing users to access staking, lending, and liquidity pools directly from the wallet.

Multi-Chain Support & dApp Accessibility

Binance Web3 Wallet supports 70+ blockchain networks, including major chains like BNB Chain, Ethereum, Bitcoin, and Solana. This broad support enables users to store, swap, and stake a wide range of tokens, including niche altcoins and emerging DeFi assets.

With direct access to 100+ dApps, users can interact with decentralized exchanges (DEXs), NFT marketplaces, DeFi platforms, and blockchain games. Whether swapping tokens on Uniswap or PancakeSwap, purchasing NFTs, or participating in metaverse applications, Binance Web3 Wallet provides a seamless Web3 experience.

Binance Bridge 2.0 & Token Swapping

A major highlight of the Binance Web3 Wallet is its integration with Binance Bridge 2.0, enabling users to move assets across multiple blockchains efficiently. The bridge allows for swapping non-listed tokens that wouldn’t be available on the Binance exchange, further expanding investment opportunities.

Additionally, the wallet aggregates liquidity from 100+ DEXs, ensuring low slippage and deep liquidity when swapping tokens. Users can bridge assets between Ethereum (ERC-20) and Binance Smart Chain (BEP-20) effortlessly, making it a powerful tool for cross-chain trading.

Binance Web3 Wallet Review: Cons

Requires a Binance Account

One limitation of the Binance Web3 Wallet is that users must have a Binance account to create and use the wallet. Unlike Trust Wallet, which allows complete anonymity, this requirement means users must go through Binance’s KYC (Know Your Customer) process before accessing the wallet.

No Desktop Version

At present, Binance Web3 Wallet is only available via the Binance mobile app. Unlike competitors like MetaMask, which offers a browser extension and desktop compatibility, Binance Smart Chain Wallet’s mobile-only access may not suit users who prefer managing crypto on a computer.

CreatorBid Partnered with Binance Web3 Wallet for $2.5M $BID Token Sale

CreatorBid has officially partnered with Binance Wallet to launch its public token sale, aiming to raise $2.5 million through a fair and transparent distribution process. This collaboration introduces the first-ever Token Generation Subscription on the BNB Smart Chain, providing investors with immediate token access upon distribution.

A Fair and Secure CreatorBid ($BID) Token Sale

To prevent bot-driven manipulation and unfair distribution, CreatorBid requires all participants to undergo KYC verification through Binance Keyless Wallets. This ensured only legitimate users could access the sale, fostering a more equitable token distribution process.

The $BID token sale followed an FCFS (First Come, First Served) format, a mechanism that prioritizes speed and accessibility. This method is particularly popular in the cases of IDOs and ensures that all the participants who act quickly can gain early access.

With its multichain strategy across the Base and BNB Chain, along with an innovative subscription model, CreatorBid’s token sale marked a significant step in its ecosystem’s growth. 

Key Highlights of the CreatorBid ($BID) Token Sale

• Fundraising Goal: $2.5 million USDC
• Token Supply: 100,000,000 BID tokens (10% of total supply)
• Token Price: 0.025 USDC per $BID
• Maximum Purchase Limit: $500 USDC per Binance Keyless Wallet
• Fully Diluted Valuation (FDV): $25 million
• Supported Blockchains: Base and BNB Chain
• Unlock & Distribution: 100% unlock at Token Generation Event (TGE), with distribution occurring within two hours post-sale
• KYC Requirement: Binance Keyless Wallet verification to prevent bot activity and ensure fair allocation

CreatorBid ($BID) Token Sales Results

The public sale kicked off on January 23, 2025, at 9:00 AM UTC and continued until all tokens were sold. Unlike token sales with vesting periods, CreatorBid offered an immediate full unlock, allowing participants to access their tokens as soon as the sale concluded.

$BID token launched via an exclusive Token Generation Event on PancakeSwap marked a high-demand launch backed by Binance Wallet. With an initial presale price of $0.025 per token, $BID has already delivered a 2.95x ROI (+194.5%) for early investors, peaking at an impressive 10.45x ATH ROI (+945.2%). This dramatic rise signals heightened investor interest in PancakeSwap’s IDO ecosystem and underscores the platform’s ability to facilitate high-value token launches.

Binance Web3 Wallet: Final Thoughts

The Binance Web3 Wallet is an excellent option for those looking for a secure, multi-chain Web3 wallet with integrated dApp access and cross-chain compatibility. It combines the best aspects of self-custodial security with Binance’s semi-custodial safeguards, ensuring users don’t risk losing access to their funds due to misplaced private keys.

However, if you prioritize full anonymity, desktop access, or advanced NFT tools, you might prefer alternatives like Trust Wallet or MetaMask.

With support for hundreds of tokens, simplified DeFi interactions, and seamless dApp connectivity, Binance Web3 Wallet serves as a robust gateway into the expanding Web3 ecosystem. 

Now, let’s explore PancakeSwap, the leading decentralized exchange on the Binance Smart Chain. It allows users to swap a variety of newly launched coins daily, earn yields, participate in presales, and more.

PancakeSwap: Leading a BNB Chain Revival

PancakeSwap is regaining its status as one of the most popular decentralized exchanges across major blockchains, leading Binance Smart Chain in terms of trading volume and total value locked. 

According to DefiLlama, Pancake has outperformed all other DEX platforms in both daily and weekly trading volumes, marking a significant turnaround since the BNB chain renaissance.

Moreover, riding the wave of hype, PancakeSwap, the most popular decentralized exchange on the BSC, achieved an incredible milestone by becoming the first ecosystem project to reach an astonishing $1 trillion in trading volume.

PancakeSwap Surpasses Solana Trading Volume for the first time in 2025

The resurgence of PancakeSwap coincides with a decrease in trading volumes on Solana's top decentralized exchanges, like Jupiter and Meteora. This decline in activity followed several scandals involving pump-and-dump schemes, which were promoted not only by viral influencers like Hawk Tuah but also by notable figures such as Argentina's President, Javier Milei, who endorsed the scam token Libra. It’s getting out of hand!

This shift allowed PancakeSwap to gain ground, surpassing Uniswap despite the launch of its V4 liquidity pools. The exchange consistently outperformed Raydium and Uniswap, drawing an influx of traders in recent weeks.

The surge in PancakeSwap’s activity also mirrors the broader success of the Binance exchange, which currently dominates up to 53% of all crypto trading activity, according to CoinMarketCap. Additionally, PancakeSwap experienced an increased search volume across both Google Web Search and YouTube, indicating a growing awareness and user engagement.

The renewed interest in PancakeSwap comes as the BNB Smart Chain experiences an uptick in activity. While the network has yet to match the daily active addresses seen during the 2021 crypto boom, signs of recovery are evident. DEX trading continues to represent over 16% of centralized exchange volumes, reinforcing the growing role of decentralized finance.

Source: DefiLlama

PancakeSwap reached its highest monthly trading volume in January 2025, surpassing $78 billion and breaking its previous record from May 2021. 

Source: DefiLlama

The platform also maintained strong liquidity in February, generating over $35,89 million in revenues, with cumulative monthly fees exceeding $150 million. This growth underscores PancakeSwap’s increasing dominance in the Web3 space.

A key factor in PancakeSwap’s success is the trading activity surrounding its native CAKE token, which accounts for over 27% of the exchange’s volume and which is up more than 100% since February lows. Regular token burns have helped $CAKE recover to a one-month high, reaching $3.16. Despite PancakeSwap’s resurgence, $CAKE remains significantly below its all-time high of $42, suggesting potential for further appreciation. To maintain engagement, PancakeSwap frequently launches campaigns and competitions, with $CAKE staking rewards totaling $1.9 million for 2024.

PancakeSwap Welcomes New Token Listings and Presales

PancakeSwap’s success has occurred without relying on a dedicated meme token market. Until now, the exchange has mainly supported established meme tokens such as Simon’s Cat (CAT) and other legitimate projects. However, this may change with the rapid growth in popularity of meme token launchpad four.meme.

One of the most notable additions to PancakeSwap’s listing is the mentioned above Test Token ($TST). The listing of $TST on PancakeSwap’s Perpetual V2 platform marks a new phase for the exchange, potentially attracting speculative traders interested in leverage trading of emerging meme tokens.

Beyond $TST, PancakeSwap is beginning to onboard other trending BSC meme coins that graduated from four.meme, positioning itself as a key player in the evolving meme token ecosystem. This shift already redefined PancakeSwap’s market profile, expanding beyond the traditional base of Binance ecosystem tokens and well-known altcoins.

PancakeSwap continues to strengthen its position as the go-to platform for token launches, with the latest wave of successful IDOs and TGEs. Two best BSC tokens to buy, Creator Bid ($BID) and MyShell ($SHELL), have gained significant traction since the presale on Binance Web3 Wallet and are followed by TGEs, reflecting growing investor confidence in BSC trending projects. 

MyShell IDO: A Record-Breaking Launch and Upcoming Airdrop

Binance-backed MyShell made waves with its IDO, raising a staggering 27,959 BNB in subscriptions, 20x times its initial target of 1,270 BNB, according to PancakeSwap data. This strong demand underscores the growing interest in AI-driven Web3 projects and the strong backing MyShell has secured from institutions like YZi Labs (Prev. Binance Labs), Dragonfly Capital, OKX Ventures, and more.

Before the TGE, MyShell sold 40 million $SHELL tokens (4% of total supply) at 0.00003175 BNB per token, aiming for an initial market cap of $20 million. Following the record-breaking launch, MyShell has announced a $SHELL airdrop to reward IDO participants to further drive engagement within its AI-powered Web3 ecosystem. Since its IDO on PancakeSwap, $SHELL has delivered impressive returns, surging to an ATH ROI of 27.36x (+2,636%) and currently maintaining an ROI of 22.27x (+2,127%) from its IDO price of $0.022.

As an AI consumer layer, MyShell enables users to build, share, and own AI agents, bridging AI and blockchain through Agentic Frameworks, open-source models, and AI creator communities. With ongoing innovation and strong support, MyShell’s future development will rely on fulfilling its roadmap commitments and sustaining momentum. The growing interest in IDOs highlights PancakeSwap’s expanding role in supporting new projects and contributing to the resurgence of the BNB Chain.

Binance Adds Broccoli Meme Coins to Alpha List

Binance Alpha, the platform’s early selection program for promising assets, has officially added Broccoli ($BROCCOLI) to the list, marking another step in the growing popularity of memecoins on BNB Chain. Inspired by CZ’s dog named Broccoli, the token saw an explosive surge in value within its first 24 hours, reflecting the community’s enthusiasm for fresh meme-driven projects.

The Origin of the Broccoli Memecoin

The viral success of Broccoli began on February 13, 2025, when CZ casually revealed that his dog was named Broccoli. This simple announcement sent waves through the crypto community, leading to a flood of Broccoli-themed tokens launching on the BNB Chain. Among them, the most significant token quickly reached a $140 million market cap within a single day, a testament to how fast meme narratives can take off in the current cycle.

To manage the sudden interest, Binance Alpha selected three distinct Broccoli tokens, each with a unique smart contract:

• Broccoli (BROCCOLI) – Contract ending in f2b
• CZ’S DOG (Broccoli) – Contract ending in 714
• Broccoli (Broccoli) – Contract ending in f3b

The decision to list multiple versions of the most-hyped bnb meme coin highlights the rapid and chaotic nature of memecoin growth, where different variants often emerge based on community hype rather than solid fundamentals.

Other Memecoins Selected by Binance Alpha

Beyond Broccoli, Binance Alpha also added three more memecoins to the bnb meme coins list, reinforcing the trend of speculative meme-driven trading:

• PERRY – A token inspired by rumors that CZ had a second dog named Perry. Although CZ never confirmed this, PERRY skyrocketed 500% in 24 hours, reaching a $13 million market cap.
• SIREN – A four.meme project linked to artificial intelligence, which recently burned 26% of its supply, boosting its market cap to $52 million.
• BNBXBT – A social data-driven memecoin from BNBXBT Labs that surged 60% in just a few days, crossing the $7 million market cap threshold.

While being listed on Binance Alpha does not guarantee a future Binance centralized exchange listing, it does highlight trending BSC projects with potential market traction, making Web3 Wallet an early discovery ground for speculative investors.

The Future of PancakeSwap and the BNB Smart Chain

PancakeSwap remains the leading DEX on the BNB Smart Chain, as Binance shifts its focus from centralized traffic to revitalizing its decentralized ecosystem. The chain’s total locked liquidity has doubled since its 2023 lows, reaching $5.5 billion. Additionally, the BNB Smart Chain has attracted $6.43 billion in stablecoins, benefiting from a broader trend of increased liquidity across DeFi platforms. 

PancakeSwap’s rapid growth demonstrates sustained interest in speculative trading and DeFi opportunities. With $1.81 billion in total value locked, according to DefiLlama, the exchange maintains ample liquidity for small-scale trades, enhancing its appeal to retail traders. The BNB Smart Chain's competitive advantage, with transaction fees 90% lower than Ethereum’s, positions it as a viable alternative for users seeking cost-efficient DeFi solutions.

Historically, the BNB Smart Chain has thrived as a hub for fundamentally strong projects and engaged communities. As BNB continues to strive, the chain may set new trends in decentralized finance, gaming, and social trading.

FAQ section

1. Is Binance a Decentralized Exchange?

No, Binance is not a decentralized exchange (DEX). It is a centralized exchange (CEX). This means that Binance operates with a central authority that manages the platform, user funds, and transactions.

However, Binance is actively expanding its presence in the Web3 space. The growing popularity of its Binance Web3 Wallet demonstrates this commitment. This wallet aims to provide users with a gateway to the decentralized world, even though Binance itself remains a centralized entity.

2. What is BSC in crypto?

In the world of cryptocurrency, BSC stands for Binance Smart Chain. It's a blockchain platform that was developed by Binance, one of the largest cryptocurrency exchanges in the world.

3. Does Binance Have a Wallet?

Yes, Binance offers a variety of wallet solutions, including the Binance Web3 Wallet. This wallet is specifically designed to provide users with access to the Web3 ecosystem, which includes decentralized applications (dApps), NFTs, and various blockchain networks.  

4. What is the Binance Web3 Wallet?

The Binance Web3 Wallet is a semi-custodial wallet that allows users to interact with the decentralized world of Web3. It's important to understand that while it's often described as self-custodial, it's semi-custodial because Binance plays a role in securing your private keys.  

5. Trust Wallet: Is it better than Binance Web3 Wallet?

Trust Wallet, another Binance-acquired wallet, operates independently from the exchange and offers broader dApp connectivity. While both Trust Wallet and Binance Web3 Wallet support Web3 functionalities, Trust Wallet is fully self-custodial, while the BNB Chain Wallet offers a balance between security and convenience. Trust Wallet is available as a desktop browser extension for Chrome, Brave, Opera, and Edge. In contrast, the Binance Web3 Wallet can only be accessed through the Binance mobile app.