In recent months, BNB Chain has experienced a significant surge in DEX activity, surpassing Ethereum, Solana, and other major blockchain networks. As of March 24, BNB Chain’s weekly DEX volume reached a record $14.3 billion.
Surge in Popularity on BNB Chain Due to Memecoins
One of the key drivers behind BNB Chain's trading volume surge is the explosive growth of memecoins like $MUBARAK, $CHEEMS, and $BNX. These memecoins have drawn significant investor interest, driven by the potential for quick profits. Leading DEXs such as PancakeSwap have seen massive growth, contributing to the increased trading volume.
Role of Zero Fees and Increased TVL
The introduction of zero-fee trading through the Binance Wallet has spurred trading activity. This initiative, active from March to September 2025, attracted more retail traders and liquidity providers, enhancing the overall appeal of trading on BNB Chain's DEXs.
Developer Activity and Ecosystem Growth
The increased DEX volume on BNB Chain has also attracted a growing number of developers. Recent upgrades, such as the integration of Ethereum Improvement Proposal (EIP) 7702 via the Pascal Hardfork, have provided developers with more opportunities to build on BNB Chain.
Ongoing infrastructure improvements and new functionalities position BNB Chain as a key player in the DeFi ecosystem. Future upgrades like the Lorentz and Maxwell Hardforks will enhance the network’s efficiency and attract users and developers.
