Flowing with both Traffic and Capital: Interpreting the Rise and Growth of the "Wave Maker" Four.meme

By: blockbeats|2025/04/03 18:30:03
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During the last bull market cycle, BNB Chain was once the main battlefield for meme trading. Through efficient on-chain infrastructure and community-driven operation mechanisms, it propelled the attention economy of the crypto world to new heights. As market hotspots expanded, emerging public chains like Solana and the Ethereum L2 ecosystem successively made efforts to drive the narrative of crypto assets into a multi-chain co-opetition stage.

Entering the year 2024, with the clarification of the regulatory environment and founder CZ's strategic return, BNB Chain launched an ecosystem rebuilding plan. The meme track, due to its low barrier to entry and high virality, became a key leverage point for BNB Chain to regain vitality—this choice was not accidental and is deeply tied to CZ's iconic "4" cultural narrative. As early as the beginning of 2023, CZ used the "4" hand gesture as a symbol of the core focus goal, repeatedly reinforcing this symbol's community consensus through social media.

Flowing with both Traffic and Capital: Interpreting the Rise and Growth of the

In this context, Four.meme, hatched by the Four (formerly BinaryX) team, was born, and its name and the $FOUR token's design directly mapped CZ's "4" gesture, transforming a cultural symbol into an on-chain asset. At the same time, the platform, through zero-cost issuance and mechanisms linking on-chain and off-chain trading, filled the meme infrastructure gap for BNB Chain, becoming a core vessel for retail influx and on-chain transaction volume surge.

Its model is similar to Pump.fun on Solana, where users can create tokens on Four.meme without paying platform fees, only needing to pay around 0.005 BNB network fee. In on-chain trading, the platform charges a 1% fee per transaction and supports various assets as trading pairs. When the token reaches a market value of around 24 BNB, the platform migrates the token and liquidity to the decentralized exchange PancakeSwap and charges a fixed 0.5 BNB as migration fee.

Why is the Hot Golden Dog on Four Continuously Popular

Actually, the Launchpad on BNB Chain is not few, such as GraFun proposed by the DWF and Floki collaboration. However, as a pioneer, Four Meme effectively cooperated with the BNB Chain, laying a solid foundation for attracting projects to launch on its platform. Last August, Four Meme also launched an accelerator program with the BNB Chain, obtaining comprehensive ecological support from both traffic and funds, providing traffic support and liquidity funds to high-quality Meme projects incubated by Four.meme, forming a "launch-incubate-expand" loop.

Related Reading: "Powered by BNB Chain, How Four.meme Built a Sustainable Meme Platform?"

One of the most typical representative cases is TST. In early February this year, CZ posted an article stating that the BNB Chain team had created a step-by-step video tutorial about launching meme tokens on the Four.meme platform, using the TST token as an example to demonstrate the complete process. "When we released the educational video yesterday, at the 1:18 mark, the token name was revealed. KOLs from the Chinese community began trading and promoting this token, and now the token's market value has reached $494,600." Thus, TST naturally became the protagonist that appeared at the beginning of the collaborative performance between BSC and Four.meme.

After the test coin, the BSC ecosystem once again stirred up the game of guessing dog names, and Four.Meme was still not absent. On February 13, CZ, who loves to joke around, responded to a netizen's question about whether he has a pet dog on social media and revealed the breed of his pet dog. He also stated, "You never know, I might even interact with a few memes on the BNB Chain." Subsequently, Four.Meme announced a unique guessing game centered around a meme token named after CZ's beloved dog, where all tokens created before CZ's tweet were eligible to participate in the competition. The token with the highest market value after 30 minutes of CZ's tweet would win.

The third wave of the meme craze came after Binance announced Abu Dhabi's MGX's $2 billion investment in Binance by acquiring a minority stake, CZ tweeted using the Middle Eastern blessing phrase "mubarak," and then a meme with the same name was launched on the Four.Meme platform, quickly showing strong market performance. Within 16 hours, the token's market value reached a peak of $6 million, with an increase of over 6000%, continuing the meme wealth creation craze in the BSC ecosystem.

This wave after wave of meme trendsetting rhythm is still ongoing, with the Four.meme team continuously playing the role of an on-chain "wave maker" based on their precise capture of market sentiment, deep integration with BNB Chain's official resources, and rapid response to community hot topics. Whether it is launching real-time guessing activities following CZ's social media dynamics or incubating cultural symbol assets based on Binance's strategic direction, Four.meme always tightly binds the ecological narrative with the wealth effect, becoming the hub of on-chain traffic and capital flow on the BSC network.

Four.meme Top-Ranked Meme Coins on the Market

Four.meme Data Performance Overview

From the BANANA and AICell craze last November to the meme frenzy that hit BSC after February this year, picking up from Solana, the test coin concept, the thrilling drama of real and fake broccoli, the battle of the nine heirs, and other fascinating episodes, combined with black swan events on external trading platforms, the BSC ecosystem and Four.meme have undoubtedly become the "hottest character" in the first quarter of the crypto ecosystem.

According to Dune Analytics, as of the end of March 2025, Four.meme has launched over 166,587 token types, with a total of 2741 tokens listed on PancakeSwap. The platform has attracted a total of 245,154 unique users, 63,088 creators, and a trading volume exceeding 1,522,925 BNB, with 12,857 BNB converted into platform revenue.

Of note is that this growth has been concentrated post November 2024, especially showing explosive growth since February 2025, reflecting the rapid increase in Four.meme user activity and the overall on-chain atmosphere.

At the same time, the community has put forward many constructive suggestions regarding Four.meme's liquidity mechanism design. Particularly, compared to Pump.fun on Solana, which uses the V2 model and automatically recycles transaction fees, Four.meme previously utilized the PancakeSwap V3 model, which did not recycle transaction fees to the LP pool, causing some users to worry about insufficient liquidity depth and excessive volatility. In response, the platform swiftly announced a major upgrade scheduled for March 31, 2025: a full transition to the PancakeSwap V2 liquidity mechanism, with all new token listing liquidity tokens being directly burned.

This update not only addresses the community's demands for "LP rewards" and "project sustainability" but also signifies a crucial step forward for Four.meme in on-chain mechanism design. By putting liquidity into a "black hole" for burning, the project gains a fairer market starting point, reduces questioning of platform control, enhances ecosystem transparency and decentralization. The platform's rapid response to feedback has also to some extent solidified community trust, laying the groundwork for a more robust and vibrant Meme ecosystem in the future.

Ecosystem Collaboration: The Evolution of Four.meme

Four.meme has long been steadily building its influence, but its true surge in attention came after CZ began exploring and embracing meme culture. His involvement brought significant attention and made Four.meme a talking point—how it will break through the current narrative ceiling and further drive the development and expansion of the BNB Chain meme ecosystem.

Currently, the deep integration of the BNB Chain ecosystem is attempting to break free from the singular narrative of the Meme track. Four.meme maintains liquidity alignment with PancakeSwap, avoiding the common liquidity competition and fragmentation seen between Pump.fun and Raydium on Solana, providing a more stable trading environment for the platform token's market performance.

Through a strategic alliance with the AI project MyShell, such as co-incubating AI assets and establishing a $10 million ecosystem fund, this is also the first time in the BNB Chain ecosystem that AI technological capabilities have been systematically integrated into the MemeFi issuance logic system. The collaboration will include technology co-development, asset issuance, and potential project incubation, aiming to expand the boundaries of cultural assets beyond memes and drive the diversification and functional development of on-chain assets.

Combining community observers' views, this AI route is also considered part of BNB Chain's current ecosystem growth strategy. Some voices point out that BSC's current operational path is similar to a three-stage strategy of "attract attention—drive concepts—pivot to applications," with the meme explosion just being a prelude. The next phase will focus on directing traffic into the AI sector. In this context, Four.meme's ecosystem extension may be a forward-looking response to the market's rhythm.

In the future, whether Four.meme can find its stable position in the rapidly evolving on-chain culture depends on its ability to balance the tension between user popularity, platform governance, and ecosystem trust. From attracting funds to conveying emotions, and then empowering application scenarios, the path of all this is still under construction, and Four.meme has already taken up a position worth paying attention to in this race of on-chain cultural and economic integration.

The essence of memes is a kind of "tradable attention unit," and their value is closely related to the attention users give them. The attention arbitrage ability of Four.meme may be one of the most scarce infrastructural endowments in the crypto space.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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