BNB Chain Has Recently Outpaced Solana, Achieving the Highest 24-Hour Trading Volume on Decentralized Exchanges (DEX)

This surge can be attributed to BNB Chain's ability to capitalize on the current suboptimal performance of other major blockchains, such as Solana and Ethereum.

BNB Chain has recently outpaced Solana in terms of 24-hour trading volume on Decentralized Exchanges (DEX).

According to data from DeFiLlama, the transaction volume of this Layer 1 blockchain has shown a 13.27% increase compared to the previous week, reaching a trading volume of $1.637 billion.

Source: DeFiLlama

This surge can be attributed to BNB Chain's ability to capitalize on the current suboptimal performance of other major blockchains, such as Solana and Ethereum.

Furthermore, Changpeng Zhao (CZ) has been actively involved in invigorating the BNB Chain ecosystem through several strategic initiatives. These include the promotion of memecoin platforms and the utilization of Binance Wallet as an intermediary for TGEs of DEX tokens, such as Bubblemaps BMT and MyShell SHELL. These efforts aim to revitalize the ecosystem. Additionally, Binance has maintained a consistent schedule of airdrops and launchpool events, effectively retaining BNB holders.

While on-chain data indicates robust activity within the BNB Chain, it is evident that the ecosystem's projects benefit considerably from CZ's catalytic actions. Moreover, the memecoin $TUT on the BNB Chain recently experienced a fivefold increase in value, triggered by the appearance of its ticker in a video reposted by CZ.

This 7 minute video from a year ago should be one prompt to an AI bot now. I think there are a couple of them already on BNB chain. Let’s see some videos of those? https://t.co/YOHQmmEnDi

— CZ 🔶 BNB (@cz_binance) March 17, 2025

Yesterday, CZ further fueled community interest by purchasing 2 BNB worth of TST and Mubarak tokens. As a result, today Binance announced the launch of $MUBARAK and $BMT on the perpetual market.

Learn more: Binance Launched Bubblemaps (BMT) and Mubarak (MUBARAK) on Future Market

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BNB Current Price

Over the past few days, the value of Binance Coin BNB has shown impressive growth, outperforming a range of other Layer 1 projects such as Solana and Ethereum.

This reflects the community's optimistic speculations regarding the development prospects of the BNB Chain ecosystem.

Source: CoinGecko

About Binance

The well-known cryptocurrency exchange Binance is widely recognized across the globe for its diverse services and substantial trading volume. Changpeng Zhao (CZ) founded it in 2017. Currently, more than 200 million cryptocurrency traders from over 100 countries use it. The platform handles an average daily trading volume of nearly $20 billion.

Learn more: Binance Review 2025: Features, Fees, Pros & Cons

Compared to other CEX, the platform offers several advantages, including low trading fees, a 25% discount for BNB holders, advanced trading tools like copy and leverage trading, and the highest trading volume and liquidity in the cryptocurrency market.