Meme tokens on BNB Chain and PancakeSwap have gained tremendous popularity, surpassing Solana. The recent spike in volumes led to a 13.47% increase in BNB Chain's activity over the past week.
Growth of Activity on BNB Chain
BNB Chain has become the main venue for new meme token launches driven by social media trends. This surge in interest helped BNB Chain surpass Solana in terms of volumes. Activity significantly increased following the addition of MEV protection.
Popular Platforms and Apps
PancakeSwap V2 and V3 are the most actively used apps on BNB Chain, attracting over 60K daily users. OKX DEX is also highly active. Among popular assets are CZ's Dog and MUBARAK, the latter having surged by 262%.
Impact on BNB Market
Following the network's activity rise, BNB's token value increased to $630.11, while CAKE rose by 16.5% to $2.16. The growth in decentralized trading interest spurred BNB's open interest from $580M to $622M.
BNB Chain solidifies its stance as a leading platform for meme tokens. The network's activity continues to grow, drawing attention from investors and traders.
