BNB Chain has established a significant lead in the decentralized exchange (DEX) market, recording $2.544 billion in 24-hour trading volume as of March 18, 2025. This figure substantially exceeds Ethereum's $1.348 billion during the same period.
BNB Chain and PancakeSwap's Role
PancakeSwap has emerged as the dominant force within the BNB Chain ecosystem, generating $1.639 billion in trading volume and securing its position as the highest-volume DEX globally.
Memecoins Take Center Stage
Currently, the trading landscape on BNB Chain shows a clear preference for memecoins, which account for 72.52% of total trading volume ($401.3 million of $553.45 million). DeFi assets follow with 14.61% of volume, while DePIN (Decentralized Physical Infrastructure Networks) represents 8.67%.
Liquidity Support and Ecosystem Growth
The BNB Chain Liquidity Pool Support Program has driven ecosystem growth, with significant contributions from meme tokens during the second round of the LP competition. Nearly half of the token prices in the weekly top 50 increased by more than 20%.
The data points to BNB Chain's expanding influence in the decentralized finance landscape, with particular strength in DEX trading volume and meme coin activity. The ecosystem's growth is supported by strategic initiatives and enhanced integration with Binance's infrastructure.
