BNB Chain, incubated by Binance, has reaffirmed its leadership status in the decentralized finance sector by topping the trading volumes among decentralized exchanges (DEX).
Overall DEX Volume on BNB Chain
According to DeFillama data, the current weekly DEX volume on BNB Chain stands at $27.54 billion. In the last 24 hours, trading volume reached $5.97 billion, accounting for nearly 50% of the total $13.30 billion across all networks.
Comparative Volumes with Other Blockchains
Solana ranks second with a trading volume of $8.50 billion, while Ethereum follows in third with $7.88 billion. Other blockchains such as Base and Arbitrum have also registered significant volumes.
Factors Behind BNB Chain's Success
BNB Chain's success can be attributed to recent liquidity support campaigns that have attracted a surge of new users, activating trading and liquidity farming. Leading DEX PancakeSwap has also contributed to this success with a trading volume of $6.714 billion.
BNB Chain's leadership in DEX volumes highlights the growing appeal of decentralized finance and sets standards for other blockchains in the competitive market.
