In the previous round, almost all projects were assigned BSC by default. Moreover, the true strength of BSC lies in its applications, so even Solana today may not necessarily reach the height of BSC back then - various strange DeFi, almost all GameFi, all happen in BSC Not only that, BSC has always been the preferred chain for CX deposits. As long as it is a ground push disk, BSC is basically a must-have. The default format for USDT in the gaming industry is TRX, so the default format for DiDi is BSC The decline of BSC is mainly due to two reasons, one is the application of both success and failure. No matter what the original intention of the project team is, there is one thing that cannot escape: the application lifecycle is limited, but individual investors demand "perpetual value" for tokens. Excessive retail liquidity is locked in specific targets by bet and the trading volume is getting worse and worse. Mutual aid cannot start, and in the end, splitting cannot be pushed down. The fatal thing is that Binance completely got the focus wrong. They went to support MVB plans and other obvious signs, giving a large number of "application project parties" safe to Binance and to VC entrepreneurial arbitrage opportunities. It is equivalent to opening a blood sucking hole in the mutual aid market that was originally told to circulate, creating a bunch of inexplicable high valuations and zero trading volume applications The second is the fundamental reason. The essence of the market in 2021 is leverage bull. Exchanges have mortgaged their balance sheets into BUSD, and even many stablecoins packaged in lending agreements are a confused account. However, in the end, they have all become U-shaped liquidity on the chain, flooding the market. This ends with Luna Thunderstorm and BUSD being investigated For newcomers, why is Solana still so active after more than a year? In fact, the most crucial thing compared to BNB is that it has done the right thing: Narrate and apply, but not rely on narrative or application. By constantly stirring up narrative buzzwords - memes, AI, payfi, etc., keep the market paying attention But never bet on a specific application. Solana can be said to be the worst king maker, and will never create any obvious MVB incubation like BSC, nor will it allow a strong application token to lock in too much liquidity. They are well aware that the liquidity model, such as Pump, is driving liquidity, not some 'practical application'. He allowed the market to cultivate its own tricks, allowing for a high degree of PVP, which is equivalent to forcing the narrative to find PMF, without giving any guarantee of certainty, and without anyone having a safe first level arbitrage opportunity The law of the jungle triumphs over greenhouse flowers