In recent months, BNB Chain has seen notable growth in decentralized exchange (DEX) activity, surpassing Ethereum, Solana, and other leading blockchain networks.
Rapid Growth in BNB Chain Activity
BNB Chain's impressive rise to the top of DEX volume charts stems from various factors, including the significant trading of memecoins. BNB Chain's weekly DEX volume reached $14.3 billion, compared to Ethereum's $9.6 billion. For six consecutive days, BNB Chain accounted for over 30% of the total DEX market share in mid-March.
The Role of Memecoins in BNB Chain's Success
Memecoin trading played a critical role in boosting BNB Chain's DEX volume. Coins like $MUBARAK, $CHEEMS, and $BNX have experienced significant price rallies, leading to heightened investor interest and trading activity. PancakeSwap, the leading DEX on BNB Chain, reported $14.168 billion in weekly trading volume.
Impact of Zero Trading Fees and Increased TVL
The introduction of zero trading fees for swaps within the Binance Wallet has driven growth on BNB Chain. This promotion, available from March 17 to September 17, 2025, led to an increase in Total Value Locked (TVL) on BNB Chain, surpassing $5.4 billion, reflecting investors' growing confidence in BNB Chain's ecosystem.
BNB Chain continues to strengthen its position in the DeFi sector through technology improvements and strategic initiatives. Future infrastructure upgrades are expected to further increase the network’s popularity.
