YZi Labs, co-founded by Changpeng “CZ” Zhao and Yi He, unveils a $1 billion Most Valuable Builder (MVB) fund to support projects on Binance’s BNB Chain. The fund targets BNB-based innovations in Trading, RWA, AI, DeSci, DeFi, Payments, and Wallets. Ella Zhang leads the initiative to back builders shaping the future of open systems. Notable investments include PancakeSwap, ListaDAO, Aspecta, Ethena Labs, and StablecoinX. The BNB Chain hits new milestones with 26 million daily transactions, $6 billion in DEX trading volume, and 2.5 million daily active users, propelling BNB to become the third-largest cryptocurrency with a market cap exceeding $180 billion. Meme coins related to Binance’s brand and its ex-founder have surged, with traders achieving impressive gains. The BNB memecoin season boasts over 100,000 profitable traders, a rarity in memecoin trading compared to losses on other chains. The Maxwell Hardfork in May enhanced BNB Chain’s network performance, attracting more users and builders.

Read more at Yahoo Finance: YZi Labs Unveils $1 Billion Fund for BNB Chain Projects with Up to $500K Per Team