It's not the endgame for BSC. It's just that on-chain memes can't be fully priced. BSC has been quietly performing well since Marscoin, not later than RH. The reality is, no matter where you are, pricing is now determined by contracts, not spot trading (even Binance spot trading is essentially just '0x leverage contracts' now). On-chain liquidity is relatively low and only consists of spot trading. It's like everyone is crowded into one-sided trades. Whether or not it gets listed on BN spot, people can't avoid taking profit (TP) forever. Without contracts, the only way to TP is to dump, whether it's retail traders or whales. Listing on BN spot just accelerates this process because it provides a clear TP signal for spot trading—there's nothing more direct than BN spot. When the price returns to a level where contract whales find it cost-effective to enter, the price will naturally start moving again. The lack of sufficient on-chain competition leads to insufficient pricing. On-chain launches shouldn't just rely on multiple spot pools; there should also be contract liquidity pools as early as possible to enable sufficient competition early on, including splitting the competition. Only through contract-based competition can the token structure be optimized. On-chain needs Uniswap, but it needs a contract-based Uniswap even more.