Solana, both in terms of blockchain activity and price, has taken a beating over the last few months.
The memecoin frenzy made its value shoot up, but then it collapsed for the same reason.
Interestingly, this allowed BNB Chain to catch up and, eventually, beat Solana.
Almost exactly a month ago, on February 13, BNB Chain generated over $5.8 million in daily fees, surpassing Solana for the first time since October 2024.
More importantly, both annihilated Ethereum, which generated about one fifth of that.
BNB has been on the rise since CZ resigned, after an inevitable initial setback, which is interesting.
Especially when you remember CZ still holds a significant amount of BNB.
Reminder, Changpeng Zhao, former CEO of Binance, holds around 64 percent of the total supply of BNB.