Activity on the BNB Chain has significantly increased in recent days, surpassing Solana in DEX volumes. This is linked to the launch of new memecoins like MUBARAK.
BNB Chain 24-Hour DEX Volume
According to DeFi Llama, the 24-hour DEX trading volume on the BNB Chain has exceeded $1.7 billion, overtaking Solana, which is at $1.1 billion. Ethereum takes the third spot at over $1 billion, followed by Arbitrum at over $348 million.
MUBARAK Memecoin: Growth and Impact
The MUBARAK memecoin was launched on March 13 on the BNB Chain and reached a market cap above $143 million. This resulted in increased trading volume, and its price has risen by 290%. Binance also announced securing a $2 billion investment from MGX — the largest investment in a crypto company to date.
PancakeSwap: Highest Volume
PancakeSwap remains the top DEX by trading volume, reaching nearly $1.64 billion in 24 hours. This is due to active trading of memecoins, including MUBARAK.
Activity on the BNB Chain continues to rise, largely driven by memecoins. PancakeSwap maintains a leading position in trading volumes, indicating the platform's popularity among users.
