BNB Chain has achieved a significant lead in the DEX trading space, overtaking Ethereum in trading volumes. PancakeSwap has been a key driver in this success.
PancakeSwap Leads the Charge
BNB Chain recorded a trading volume of $2.544 billion in 24 hours as of March 18, 2025, which is significantly higher than Ethereum's $1.348 billion. PancakeSwap, generating $1.639 billion in trading volume, has secured its place as the highest-volume DEX globally, reinforcing BNB Chain's market dominance.
Memecoins Dominate the Market
Memecoins account for 72.52% of the total trading volume on BNB Chain. These assets are prioritized by users, with DeFi assets and DePIN following with 14.61% and 8.67% respectively. Over 83% of meme projects launched on Four.meme, highlighting BNB Chain's role in this segment.
BNB Chain's Liquidity Support Program
The BNB Chain Liquidity Pool Support Program has been instrumental in boosting ecosystem activity. Several participating projects have been listed on Binance Alpha and Futures markets, enhancing their market presence and liquidity.
BNB Chain continues to strengthen its position in the DeFi market, aided by liquidity support initiatives and integration with Binance's infrastructure. The growth in PancakeSwap trading volumes and the popularity of memecoins highlight the maturity and potential of the BNB Chain ecosystem.
