Why is it successful? Talking about the ecological characteristics of BNB Chain

Why do high-quality projects move to BNB Chain?

Stocks can show certain characteristics or rules in the long-term operation, just like a person's personality, so we call it "stock nature". In other words, stock nature is an exogenous characteristic of stocks, which is given by the behavior of investors. This law applies not only to stocks, but also to public chains in the crypto world. For example, Ethereum was once called the rich chain because of its high transaction fees.

Unlike the characteristics of stocks, the characteristics of a public chain are composed of the physical characteristics of the public chain itself and the characteristics of the users who use the public chain, and the latter have a greater influence.

If you carefully study the development of crypto projects, you will find that the characteristics of the public chain play a decisive role in the success or failure of the project. To this end, this article will explain why high-quality projects choose BNB Chain from the perspective of public chain characteristics, and how BNB Chain attracts many high-quality projects.

From Solana No. 1 to BNB Chain No. 1 in just 3 days

Gameta is a Web3 gaming platform originally created on the Solana network. Gameta mainly provides infrastructure and distribution services for casual games, thereby attracting more gamers from Web2 to Web3.

On the Solana network, Gameta took only a few months to climb from zero to the top of the game rankings. According to DappRadar data, Gameta Solana network has about 31,000 daily active users.

After completing the Solana network climb, Gameta migrated to BNB Chain on August 27.

Three days after the migration, Gameta soared to the top of the BNB Chain game list. Data shows that within 48 hours after the migration, Gameta added 35,000 new users. In 7 days, Gameta's users increased by 486.73% and transactions increased by 203%. The latest data from DappRadar shows that Gameta's MAU monthly active users reached 1.63 million.

Original image source: DappRadar

Gameta is just one of many projects that have migrated from other public chains to BNB Chain. From the most basic data, it is not difficult to understand why many high-quality projects have migrated to BNB Chain. Compared with other public chains, BNB Chain has a higher ceiling. Gameta's new users in 3 days on BNB Chain have exceeded the months of hard work on Solana. In addition, high-quality projects that can achieve excellent results on other public chains have no barriers to enter BNB Chain.

Public chain characteristics determine the project ceiling

The high ceiling of BNB Chain is a result rather than a cause. Why the ceiling of BNB Chain is higher than other public chains requires us to conduct a more detailed analysis.

As mentioned above, a large part of the characteristics of the public chain comes from the characteristics of the users who use the public chain. For projects, choosing a public chain is more like choosing the users on the public chain. From the feedback of Gameta, the users on BNB Chain are a group of experienced users. In other words, they are a group of users who are not new to blockchain. Among this group, more than 39% of users have rich experience in blockchain games. At the same time, they like new content and can get started quickly.

The user characteristics of BNB Chain mean that the ceiling of innovative high-quality projects will be higher than other public chains. Of course, in addition to user characteristics, BNB Chain itself also needs efforts.

BNB Chain is compatible with most mainstream technologies, making project adaptation and construction more convenient and faster, and eliminating the need to spend time and energy on user education. For users, the learning cost is low and getting started is quick. After migrating to BNB Chain, Gameta said that most of Gameta's users are mainstream mobile game players, and BNB Chain allows the team to efficiently connect on-chain activities with users' gaming habits without causing too much interference.

From the success of Gameta, we can see that the public chain characteristics are so important to the project. How did the public chain characteristics come about? To this end, we will continue to explore the mystery of the birth of BNB Chain characteristics.

Comprehensive support

In fact, every successful public chain has the support of the founding team. Just like ConsenSys sold a large amount of ETH in the early days to build the Ethereum ecosystem. The same is true for BNB Chain, but compared with other public chains, BNB Chain can provide more help and cover more details.

Judging from the public information and interviews of many projects built on BNB Chain, the official BNB Chain team provides all-round support for the project, including technology, ecosystem, marketing and public relations advice, token economic design, AMA support, etc. Gameta said that BNB Chain has provided abundant resources to help the project and coordinated Gameta's relationships within the BNB Chain ecosystem, expanding Gameta's services and user vision. At the same time, BNB Chain gave Gameta a gas fee discount of up to 100% in the first three months to help the long-term development of the project.

As one of the most active public chains, the advantage of the BNB Chain official team lies in its familiarity with the entire process of project operation and its control over details. Through cooperation with a large number of projects, the BNB Chain team has long been familiar with how to capture users by maximizing the value of the token economy and how to conduct targeted marketing. This is also one of the reasons why many high-quality projects like to build on BNB Chain.

For earlier projects, BNB Chain also has the support of the Most Valuable Builder (MVB) incubation program. Since February 2021, BNB Chain has teamed up with Binance Labs to host the MVB incubation program, which has been successfully held for 5 seasons. Many well-known projects have emerged from the MVB program, including PancakeSwap, WOO Network, and Project Galaxy.

For projects participating in the MVB program, BNB Chain and Binance Labs will provide 6-8 weeks of BNB ecosystem-tailored training to project teams. High-quality projects will also have the opportunity to receive investment from Binance Labs.

The success of BNB Chain is not just based on the support of Binance, but is the result of multiple efforts. The BNB Chain team fully supports the development of high-quality projects, and high-quality projects attract a large number of users to participate. A large number of users have opened up the imagination space for high-quality projects, thereby attracting high-quality projects from other public chains to migrate to BNB Chain. Finally, the gathering of high-quality projects and users has built the characteristics of BNB Chain.

The development of BNB Chain provides a template for the development of public chains. Public chains need their own characteristics, but these characteristics are the result of the joint efforts of users, teams, and projects, and none of them can be missing.