Hey there, crypto enthusiasts! If you’ve been keeping an eye on the Binance Smart Chain (BSC) lately, you’ve probably heard the buzz about the USD1 trading competition. Today, we’re diving into the Day 19 update, where the total trading volume has skyrocketed to an impressive $10.4 billion! Let’s break it down and see what’s driving this wild ride in the world of decentralized finance (DeFi).

The $10.4B Milestone and Top Contenders

The competition is heating up, and the leaderboard is tighter than ever. For those new to this, DeFi is like a peer-to-peer financial system built on blockchain technology, letting people trade and invest without traditional banks. This particular event, hosted by BUILDon, is all about turning USD1 into a vibrant on-chain asset, and it’s drawing a lot of attention.

Leading the pack in the new meme projects category is EGL1 (@EGLL_american), raking in a whopping $2.07 billion. Hot on its heels is Janitor (@JanitorBNB) with $922.58 million, while Liberty (@liberty_bsc) holds strong at $861.74 million. On the existing BSC projects side, BULLA leads with $1.65 billion, followed by CA (@Caila_AI) at $1.32 billion, and TAG (@TaggerAI) at $1.18 billion. These numbers show just how fierce the competition is getting!

What’s Behind the Surge?

So, what’s fueling this $10.4 billion explosion? A big part of it is the community-driven hype. Meme projects like EGL1 are gaining traction thanks to their fun vibes and strong backing, while established projects like CA are leveraging cool features like weather tech and BNB Chain integration. Plus, the promise of a $400K buy incentive by the end of the competition on July 4, 2025, is definitely motivating traders to step up their game.

According to recent data from CoinMarketCap, BUILDon itself has a market cap of $316.9 million and a 24-hour trading volume of $53.2 million. That’s a solid sign of interest, even with a modest 0.15% price bump in the last 24 hours. It’s worth noting that crypto markets can be wild—Benzinga reported some volatility just a few days ago on June 20, 2025—but this competition seems to be riding a steady wave.

Why Should You Care?

If you’re into crypto, this is a great chance to see how DeFi works in action. The competition isn’t just about bragging rights; it’s also about building liquidity and rewarding participants with B tokens. Think of it like a game where your trading skills can earn you real rewards! Studies suggest that financial incentives like this can boost speculative trading by 30-40% (Journal of Behavioral Finance), so it’s no surprise the volume is climbing.

Whether you’re a fan of meme coins or just curious about blockchain, this event showcases the power of community and innovation. The leaderboard could shift anytime, so keep an eye on projects like CA, which folks are betting will climb to the top!

What’s Next?

With the competition wrapping up on July 4, 2025, at 08:00 UTC, the final days are going to be intense. Will EGL1 hold its crown, or will CA pull off a comeback? Grab a front-row seat by following the updates on X and diving into the BUILDon ecosystem. Who knows? You might even jump in and join the fun!

What do you think about this $10.4B milestone? Drop your thoughts in the comments, and let’s chat about the future of DeFi on BSC! 🚀