Binance Chain Sees Surge in Stablecoin Transactions as Market Confidence Grows

Stablecoin transactions reached unprecedented levels in May, with over 33 million wallets engaging with dollar-pegged tokens, according to Artemis data. This surge highlights a shift away from native cryptocurrencies for value transfer, with BNB Smart Chain and TRON emerging as preferred networks. The total stablecoin supply hit $244 billion, reflecting growing confidence in stable assets amid a gradual market recovery. This trend underscores the increasing role of stablecoins as the primary medium for on-chain payments, with Binance Chain playing a significant part in this ecosystem.

Stablecoins Drive Record Activity in May as Supply Hits $244 Billion

Stablecoin transactions surged to unprecedented levels in May, cementing their role as the primary medium for on-chain payments. Over 33 million wallets engaged with dollar-pegged tokens, according to Artemis data, signaling a broad shift away from native cryptocurrencies for value transfer. The trend reflects growing confidence in stable assets amid a gradual market recovery.

BNB Smart Chain and tron emerged as preferred networks for stablecoin activity, processing over 10 million and 9 million wallet transactions respectively. Their dominance underscores user preference for low-cost, high-speed alternatives to Ethereum's congested infrastructure. This migration aligns with rising demand for efficient DeFi operations and cross-border payments.

The total stablecoin supply expanded to $244 billion during the period, demonstrating accelerating adoption. Market participants increasingly leverage these tokens to maintain dollar exposure while navigating crypto volatility—a behavior particularly evident among traders, DeFi protocols, and retail users.

Market Optimism Rises as Binance Wins Legal Battle; WPonke and Solaxy Gain Traction

The cryptocurrency market is showing renewed vigor following Binance's recent legal victory, with traders regaining confidence in digital assets. Against this backdrop, two emerging projects—Wall Street Ponke (WPonke) and Solaxy—are capturing investor interest through innovative solutions and strong presale performances.

Solaxy, a Layer-2 blockchain built for Solana, aims to address the network's scalability challenges. With over $40 million raised in its presale, the project seeks to enhance transaction speeds and expand NFT utility across platforms.

Meanwhile, Wall Street Ponke (WPonke) is redefining meme coins by integrating AI-powered trading intelligence. The project, which originated as a community-driven offshoot of Ponke, is positioning itself as a safer, more utility-driven alternative in the meme coin space.

Zircuit Launches ZRC Airdrop and Trading Competition on Binance Alpha

Zircuit, a blockchain platform emphasizing sequencer-level security for rollups, has been featured on Binance Alpha—Binance's curated platform for high-potential early-stage Web3 projects. The recognition coincides with an 80 million ZRC token airdrop and an upcoming trading competition with a 27.5 million ZRC prize pool.

Eligible Binance users holding at least 211 Alpha points can claim ZRC allocations starting June 3, with each claim deducting 15 points. Claims must be confirmed within 24 hours. Binance Alpha selections signal projects with strong community traction and alignment with crypto trends, though inclusion doesn't guarantee eventual exchange listing.

"Sequencer-level security advances rollup safety," said Zircuit co-founder Dr. Martin Derka, noting the Alpha spotlight helps users discover their infrastructure. The trading competition details will follow the airdrop.

Binance Launches ZRC Airdrop Following SEC Case Dismissal

Binance has initiated an airdrop campaign for Zircuit (ZRC) tokens, days after the U.S. Securities and Exchange Commission (SEC) dismissed its 2023 lawsuit against the exchange. Eligible Binance Alpha users can claim 2,666 ZRC tokens by redeeming 15 Alpha points, provided they hold a minimum of 211 points. The airdrop, which opened on June 3, 2025, requires confirmation within 24 hours.

The SEC's dismissal of the case with prejudice marks a significant legal victory for Binance. The exchange has also announced a ZRC trading competition featuring a 27.5 million token prize pool, signaling renewed momentum in its operations.

BNB's Market Position Challenged by Ethereum's Dominance in Decentralization

Binance Coin (BNB) has surged 12.1% in the past month, trading at $666.65 despite broader market volatility fueled by U.S.-China trade tensions. Positioned as a faster, cheaper alternative to Ethereum, BNB Chain seeks to streamline smart contract deployment—yet its ecosystem remains dwarfed by Ethereum's scale.

With just $6.2 billion in total value locked (TVL), BNB Chain holds a tenth of Ethereum's TVL. Only three dApps on BNB exceed $1 billion TVL, compared to 22 on Ethereum. The decentralization gap is stark: Ethereum's thousands of globally distributed nodes contrast with BNB's 255 predominantly U.S.-based nodes, raising concerns over centralization and vulnerability to 51% attacks.

Market skepticism persists as Binance's alleged control over BNB nodes introduces operational risks—any exchange turmoil could destabilize the chain. While BNB's price resilience is notable, Ethereum's entrenched infrastructure and decentralization ethos continue to define the smart contract hierarchy.

USD1 Stablecoin Sees 10x Transaction Surge Amid Centralization Concerns

World Liberty Financial's USD1 stablecoin has experienced a tenfold increase in transaction volume following its late May listing on Binance. Kaiko data reveals sustained growth, with BNB Chain actively supporting adoption through partnerships with wallets, CEXs, and on-chain applications.

Despite the trading momentum, analysts highlight persistent concerns about extreme token concentration. The stablecoin's issuer has attempted to broaden appeal through features like restaking, while leveraging Binance's ecosystem for liquidity expansion.

BNB Chain's promotional efforts underscore Binance's strategic interest in USD1, though market observers question whether adoption can overcome the asset's centralized governance structure. The stablecoin's performance contrasts with ongoing skepticism about reserve transparency and distribution controls.