In recent months, BNB Chain has shown significant growth in decentralized exchange (DEX) activity, surpassing Ethereum and Solana.
Growth of Trading Volume on BNB Chain
According to DeFiLlama, as of March 24, BNB Chain's weekly DEX volume reached a record $14.3 billion, surpassing Ethereum's $9.6 billion. A major driver behind this surge is the trading activity surrounding memecoins like $MUBARAK, $CHEEMS, and $BNX.
Impact of Memecoins on Activity
Memecoins have attracted both retail and institutional users to the BNB Chain ecosystem. The leading DEX platform on BNB Chain, PancakeSwap, has experienced massive growth, accounting for nearly 30% of the total trading volume. This growth is partly due to expanded trading options on the platform, such as perpetual trading and prediction markets.
Role of Zero Fees and TVL Growth
From April to September 2025, BNB Chain's zero-fee initiative for swaps within the Binance Wallet has stimulated trading activity, attracting more traders. Concurrently, the Total Value Locked (TVL) has surged past $5.4 billion, reflecting investor confidence in the BNB Chain ecosystem.
BNB Chain continues to strengthen its position in the DeFi sector with active DEX trading, high TVL, and an inviting ecosystem for developers and users.
