BNB Chain has made significant strides in the decentralized trading space, surpassing Ethereum in trading volume. PancakeSwap emerges as the key driver securing its lead among DEXs.
The DEX Market Landscape
As of March 18, 2025, BNB Chain recorded a 24-hour trading volume of $2.544 billion, significantly outpacing Ethereum's $1.348 billion. PancakeSwap, with a volume of $1.639 billion, solidifies its position as the leading DEX platform globally.
Influence of Memecoins on BNB Chain
Currently, memecoins account for 72.52% of the total trading volume on BNB Chain, amounting to $401.3 million out of a total $553.45 million. Projects launched on the Four.meme platform have shown a notable presence, including a 20% price increase amid ongoing competition.
Role of Liquidity Support Programs
The BNB Chain Liquidity Pool Support Program has acted as a catalyst for increased ecosystem activity. Program participants have achieved listings on Binance Alpha and Futures markets, enhancing their market performance and liquidity.
BNB Chain continues to build its influence in the decentralized finance landscape, showing sustained growth in trading volume and user activity, indicating its maturity and strengthened market position.
