In recent months, BNB Chain has experienced a significant surge in decentralized exchange activity, surpassing Ethereum and other major blockchain networks.
Increase in BNB Chain’s Trading Volume
As of March 24, BNB Chain’s weekly DEX volume reached a record $14.3 billion, surpassing Ethereum’s $9.6 billion, according to DeFiLlama. This rise is attributed to various factors, with memecoin trading being a major driver. BNB Chain has maintained over 30% of the total DEX market share for six consecutive days since mid-March.
Memecoins Drive BNB Chain’s Growth
The surge in BNB Chain’s DEX volume is largely due to the explosive growth of memecoins. Coins like $MUBARAK, $CHEEMS, and $BNX have seen significant price rallies, leading to increased trading activity on BNB Chain-based DEXs. This rise has drawn interest from both retail and institutional investors to BNB Chain platforms such as PancakeSwap.
Factors Supporting Ecosystem Development
Another factor driving BNB Chain’s growth is the introduction of zero-fee trading for swaps within the Binance Wallet. This initiative, running from March 17 to September 17, 2025, encourages more retail traders and liquidity providers. The Total Value Locked (TVL) on BNB Chain has also surged past $5.4 billion, reflecting increasing investor confidence.
BNB Chain's growth is driven by factors including PancakeSwap's success and increased TVL, supported by infrastructure improvements. Upcoming upgrades are expected to enhance network efficiency and strengthen BNB Chain's position in the DeFi sector.
