Core Insights - YZi Labs, the venture office of Binance co-founder Changpeng Zhao, is launching a $1 billion fund to support long-term builders in the BNB ecosystem [1][2] - The fund will particularly focus on projects developing on BNB Chain in sectors such as trading, real-world assets, artificial intelligence, and decentralized science and finance [1] Fund Details - The $1 billion fund demonstrates YZi Labs' commitment to supporting new and emerging projects on BNB Chain [2] - YZi Labs is open to builders from all backgrounds, providing connections to the BNB Chain core team for technical support and resources [2] - The EASY residency program is merging with the Most Valuable Builder incubator program, offering selected builders up to $500,000 in funding [2] Market Activity - BNB Chain has seen a surge in activity, with over 26 million transactions recorded on a single day, marking the highest level since December 2023 [3] - The platform has experienced significant trading volume, particularly with meme coins, some of which surged over 1,000% [3] BNB Token Performance - BNB, the native token of BNB Chain, has reached new all-time highs, surpassing Tether's USDT to become the third largest crypto asset by market capitalization [4] - BNB has increased nearly 28% over the week, outperforming Bitcoin and Ethereum, which rose by 5.1% and 4.0%, respectively [5] - BNB is currently trading at $1,299, approximately 2.5% below its all-time high of $1,330 [5]