Why does Binance need to develop a new public chain called New L1 for AI applications? Many people's first reaction is: Are we going to issue new coins again to cut leeks? This time, it really isn't. According to the BNB Chain Developer Forum, this new public chain is currently codenamed NewL1 and focuses on transactions, payments, and AI applications. Its goal is extremely ambitious: to process over 100000 transactions per second, with a final confirmation time of less than 1 second. But the most core and unconventional setting is that the new chain does not issue new tokens, and Gas still uses BNB coins. What was the standard script for sending a new public chain in the past? Create new concepts, issue new tokens, narrate high valuations, and then unlock, smash, and cut leeks infinitely. BNB did not do that this time. It chose another path: to consume all the gas in the new chain and anchor it firmly back to BNB. The official statement is very clear: "BNB is the native token; no new token will be issued What does this mean? This means that Binance is breaking the path dependence of the public chain industry that "new chains must issue new coins". If NewL1 can really attract massive transactions and AI applications in the future, then all newly added on chain activities will become real demand capture for BNB. Why is Binance investing heavily in building an AI public chain now? The combination of AI and Crypto provides the greatest certainty. But the current public blockchain infrastructure cannot accommodate high-frequency AI agent interactions. AI requires extremely low latency, extremely fast certification, and extremely low friction costs. And what NewL1 wants to grab is far more than just the cake of "trading". The AI Agent payment track is becoming the biggest incremental battlefield for Web3. Mastercard has launched Agent Pay for Machines. Alipay's "AI payment" has completed more than 300 million intelligent payments in total. Visa has launched the Trusted Agent Protocol to address how merchants can trust an AI agent. On the native side of encryption, Celestia has just launched the Eden chain, allowing AI agents to issue coins and trade with each other on their own, with each model inference call being paid on the chain. Tether has invested in AIsa, which has over 250000 agents running on it. Sui and Alibaba Cloud are also collaborating to enable agents to pay stablecoins within a predetermined budget. But the explosion of the AI application track is not just about "payments". Coinbase Ventures has identified DePIN incentivized robot data collection as a key focus. DWF Labs believes that the authentication of AI agents is an underestimated field: how can you prove that the agent trading with you across the screen is an authorized agent, not a hijacked script? There is also decentralized reasoning and model training. Akash's GPU market has run out of real demand. Nous Research is open sourcing Hermes Agent while completing a $90 million financing, with a valuation of $1.5 billion. So, NewL1's ambition is to provide these AI native applications with a dynamic and affordable execution layer. According to the plan, the testing network will be established by the end of 2026 and the main network will be established by the beginning of 2027. And what does this new public chain mean for BNB coin itself? This means that BNB has transformed from an "exchange platform currency" to a "settlement currency" for AI agent economy. Every time an agent runs, every time a payment is completed, and every time the model is called, Gas is consuming BNB. The recent price performance of BNB is already reflecting this expectation. On October 20th, BNB was around $730, with a 200 day moving average of $648, indicating no deterioration in its long-term structure. The 37th quarter destruction has just been completed, destroying 1.646 million BNBs worth approximately 1.2 billion US dollars. The supply is decreasing, and if the demand side is opened by the Gas mechanism of NewL1, once the main bull market surge starts in the future, the elasticity of BNB will be greater than everyone imagines. So, taking advantage of the subsequent decline and correction, it is wise to hoard more BNB coins. Because it is no longer just a token of an exchange. It is the first layer of fuel for the AI agent economy. What does Binance's launch of the new public chain New L1 mean for us traders? In addition to focusing on the value capture of BNB itself, it is also important to understand the capital game behind it. Looking back at history, every time Binance launches a new infrastructure or public chain ecosystem, it is accompanied by a crazy wealth effect. This new public chain NewL1, aimed at AI applications, means a new round of hype for meme coins and the new public chain ecosystem based on the NewL1 public chain, and an opportunity to make money again. Once the infrastructure is built, speculative and hot money will be affected by the wind. Ethereum has soil dogs, Solana has memes. Once NewL1 is implemented, the first batch of projects to enter the ecosystem for coin issuance are likely to run a hundredfold myth. Technology belongs to the market makers, but traffic and popularity belong to the market. Don't wait until the whole network is shouting 'Charge for NewL1 leader' before asking what NewL1 is.