BNB Chain has shown significant growth in decentralized exchange activity, surpassing Ethereum and other blockchains in March. The weekly trading volume on BNB Chain reached a record $14.3 billion, while Ethereum recorded $9.6 billion.
Growth in BNB Chain Trading Volume
BNB Chain has topped DEX trading volume charts due to a variety of factors. A 48% increase in trading volume compared to previous figures highlights BNB Chain among blockchains. Other platforms like Ethereum and Solana experienced significant declines in volumes.
Impact of Memecoins on Activities
A key factor in the surge of BNB Chain's trading volume is the development of memecoins, such as $MUBARAK and $CHEEMS. Investor interest in these assets has led to increased trading activity on the platform. PancakeSwap, a leading DEX on the platform, also notes significant volume growth.
Zero Fee Strategies and TVL
The introduction of zero trading fees on Binance Wallet starting March 17 has contributed to increased platform activity. Additionally, the total value locked on BNB Chain surpassed $5.4 billion, indicating growing trust in the ecosystem and attracting new users and investors.
BNB Chain continues to strengthen its position as a leader in DeFi. Infrastructure improvements, developer growth, and new feature implementations make the platform increasingly popular among users.
