BNB Chain Leads DEX Market in Trading Volume

2025-3-21 20:58

BNB Chain, the blockchain ecosystem previously associated with Binance, has shot to the top of the DEX market, overtaking Ethereum and Solana.

Over the past week, BNB Chain has been leading in trading volume and fee generation, showing strong growth despite broader market doldrums. The network exclusively discussed this milestone with BeInCrypto today.

Is BNB Chain Overtaking Solana in the DEX Market?

Decentralized exchanges have seen heightened activities in the past few months, mostly driven by meme coins and speculative trading. Solana has been by far the most popular network for DEX activities. However, in the past week, the BNB chain has threatened Solana’s dominance.

“For six consecutive days, since March 15, DEXs built on BSC have accounted for over 30% of the total DEX market share, outpacing other chains and reinforcing BNB Chain’s position in the DeFi space,” the firm claimed in an exclusive press release shared with BeInCrypto.

The network has seen several positive developments recently, such as expanding into RWA tokenization and AI integration. Yet, BNB’s success in the DEX segment has been crucial, as it shows that traders’ preferences might be shifting.

BSC Leads the DEX Market. Source: DeFi Llama

Earlier today, meme coins on BNB significantly boosted its DEX volume, helping explain where some of this dominance comes from. It seems that the network is slowly building credibility among the meme coin community.

Just yesterday, Binance opened a community vote to determine the exchange’s future token listings. The candidates in this first vote were all built on its blockchain, and some of these, such as Mubarak, are looking at huge price rallies.

Binance claimed that BNB Chain has earned more than $1.6 million in fees daily since March 17. This puts the ecosystem ahead of BTC in terms of growth rate over the last week.

This growth is more impressive because it took place despite bearish market signals.

Still, not everything is looking rosy for BNB Chain, even in the meme coin market. Earlier today, blockchain security firm SlowMist identified a critical exploit vulnerability on four.meme, a token launch pad in BNB’s ecosystem.

Some have worried that this may discourage investors from this whole category of DEXs.

However, PancakeSwap, another BNB-based DEX, is still going strong. Earlier this month, it posted $80 billion in monthly volume and credited BNB Chain’s recovery for this activity boom.

Changpeng “CZ” Zhao, former CEO of Binance, also created a meme coin rally by revealing his BNB holdings last month. All these factors signal strong market confidence.

The post BNB Chain Leads DEX Market in Trading Volume appeared first on BeInCrypto.

origin »

Binance Coin (BNB) на Currencies.ru

$ 603.79 (-0.14%)
Объем 24H $1.541b
Изменеия 24h: 0.59 %, 7d: -5.46 %
Cегодня L: $588.51 - H: $607.7
Капитализация $86.024b Rank 5
Цена в час новости $ 628.75 (-3.97%)

bnb trading volume chain market dex despite

bnb trading → Результатов: 126


Фото:

Binance wins regulatory approval in France; what could this mean for BNB?

BNB BNB/USD is the native cryptocurrency token that is used as a means of paying for transactions and trading fees on the Binance cryptocurrency exchange, as well as across the entire ecosystem. France’s regulatory approval as a catalyst for growth Binance has officially been granted approval in France to operate its cryptocurrency exchange.

2022-5-5 13:22


Фото:

Wombat Exchange Successfully Closes $5.25M Series A Funding Round Led by Hailstone Ventures and Animoca Brands

Wombat Exchange, a Binance-backed hyper-efficient multichain stableswap, has raised $5. 25 million in a Series A fundraising round led by Animoca Brands and Hailstone Ventures. BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital, and CryptoWesearch were among the other investors in the round.

2022-3-29 00:50


Фото:

Position Exchange Strives to Become ‘Most Complete Decentralized Crypto Platform’

Position Exchange, a decentralized trading protocol that is based on the BNB Chain to provide an avenue for traders, liquidity providers, and developers to participate in the market is making efforts to build an entire ecosystem in DeFi with unrelenting plans to become the most complete Decentralized Crypto Platform.

2022-3-15 21:29


Фото:

BNB Price Analysis: Can the activation of Binance Cards increase the value of the token?

Binance BNB/USD is one of the largest cryptocurrency exchanges in terms of daily trading volume, which was founded in 2017. The Binance Coin (BNB) is the cryptocurrency token issued by the exchange and is used as a utility on the exchange, which allows users to pay for transactions and trading fees at a lower rate.

2021-11-4 18:41


Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT

Evolve Markets, a bitcoin and cryptocurrency denominated margin trading platform, today announced it has added five new crypto trading markets with the listing of LINK, DOGE, SOL, BNB, and DOT. The following markets are now listed in the crypto orderbook on Evolve Markets: Chainlink (LINK-USD) Dogecoin (DOGE-USD) Solana (SOL-USD) Binance (BNB-USD) Polkadot (DOT-USD) Trading Specifications […] The post Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT appeared first on CryptoNinjas.

2021-10-13 00:02


Ethereum (ETH) Price Trading Analysis April 29; Up Over 50% In The Last 30 Days

Exactly a month ago to the day, Ethereum (ETH) was seemingly languishing in the shadows of not only Bitcoin (BTC) but lesser lights such as Cardano (ADA) and Binance coin (BNB), which were being touted as legitimate contenders to the throne of the leading altcoin as Ethereum grappled with inefficiencies on both network and development […] The post Ethereum (ETH) Price Trading Analysis April 29; Up Over 50% In The Last 30 Days first appeared on BitcoinExchangeGuide.

2021-4-30 19:18


BSC Recording ‘Tremendous’ Usage, Fees Cut in Half as Transactions & Active Wallets Explode Higher

BNB price is soaring while several DeFi projects launch flash loans, margin trading products, and more on BSC, “offering strong competition for Ethereum.” The post BSC Recording ‘Tremendous’ Usage, Fees Cut in Half as Transactions & Active Wallets Explode Higher first appeared on BitcoinExchangeGuide.

2021-4-8 18:31