Will Solana's FTX restart? Will BNB Chain make a comeback as a king under the catfish effect?

Recently, the FTX debtor restructuring hearing has been held, and rumors of FTX's restart continue. It can be clearly said that all of these are still limited to rumors. FTX is still approaching the stage of reaching a debt resolution, and there is no clear restart plan yet. Thanks to the asset gain brought by the bull market, it is expected that FTX's debt resolution will be relatively smooth overall.

However, the lack of a clear restart plan does not mean that it will never restart. FTX's strong brand power, customer network, and well-recognized technology product system are still very competitive historical legacy assets. In the current US-dominated super crypto bull market cycle, if operated properly, it is possible to unleash huge energy and generate huge economic benefits.

As long as there is money to be made, capital will try to solve all obstacles. Moreover, the SEC chairperson also said that "those who understand US securities laws should know that it is legally possible to restart FTX." His statement is quite meaningful.

As the exchange that used to have the closest market position to Binance (some say it has actually surpassed Binance), many newcomers to this bull market may not have a direct feeling of FTX's dominance. To put it this way, Solana, which is now thriving, is just one of the many "industries" driven by FTX back then. The absolute low point of BTC in the last bear market of 16,000 appeared in the week when FTX collapsed and closed, and at that time, the market generally believed that Binance should be the next to collapse.

Many people say that the new FTX has nothing to do with Solana, then you are superficial. In fact, it is not the case. The legal relationship is different, but their soil is the same, and the people are the same, US Jewish capital. Under the same roof, two families cannot sleep together. The strong Solana and US super encryption cycle will be the most fertile soil for FTX to restart.

Interestingly, during the era when FTX and Binance were competing, Solana was competing with Ethereum for TVL and high performance. However, because it could only rely on a small number of centralized nodes for high performance and often downtime, it was mocked as a standalone chain (at that time, Solana would have hit the wall and died without FTX support). The real king of meme chains is BNB Chain (back then, they were uneducated and always called it "Tugou Coin", which was obviously a high-level culture and should not have been done). It can be said that BNB Chain is one of the important traffic competitive edges for Binance to face the all-round rise of FTX, just like today's Solana, which monopolizes the vast majority of the meme market traffic.

However, life is full of ups and downs, and the interpretation of the story script is often more unexpected than a third-rate film

Accomplied with that sentence

"When the birds run out and the bows are hidden, the cunning rabbits die and the dogs are cooked."

A round of deep bear market, under the chain reaction of the deep impact of the Luna incident, the rapidly leveraged expansion of FTX almost instantly collapsed to zero, and Binance completely consolidated the market and unified the world. It established an unprecedented absolute dominance in the market, and the Middle Kingdom was prosperous, with no end in sight. Under the emperor's grace, the struggling US chain Solana received the ultimate liquidity support from Binance, and after taking a breath, it quickly developed and became the king of the meme chain. Solana also contributed a large number of "new users" to Binance, and everyone got what they needed. The importance of the Binance chain is also... Alas, the emperor's sword is missing, and the world is hard to find.

Following FTX and forgetting each other in the world is not Solana, but Binance Chain. Nowadays, the biggest beneficiary of Binance's liquidity support is not Binance Chain, but Solana. The suspense drama director also exclaimed that the script was wonderful.

Now the drums of Mordor are thunderous, and Sauron's eyes are restless

Will the Human Emperor Sword reappear in Middle-earth? We don't know if BNB Chain will return as a king

In the next stage of the global market, will it still be different for those who belong to different races, or will it evolve into a "community with a shared future for mankind" where the world is united and the sun and moon shine together? There will always be a consensus in time

As for Binance Chain, when it gets cold, users may not come out to play at most.

However, if the seeds in the ground freeze to death, will there still be food next year?