BNB Chain leads DEX volume this week to solidify its dominance in on-chain trading
The post BNB Chain leads DEX volume this week to solidify its dominance in on-chain trading appeared on BitcoinEthereumNews.com.
BNB Chain leads DEX volume charts with close to $2B in 24-hour trading volume, surpassing both Ethereum and Solana over the past week. DEXs on the BNB Chain accounted for over 30% of the total DEX trading volume. CoinMarketCap data on March 21 revealed that BNB Chain’s weekly DEX volume surged 66.7%, while Ethereum’s, Solana’s, Base’s, and Arbitrum’s weekly DEX volumes dropped 48.89%, 34.58%, 46.7%, and 51.24%, respectively. BNB Chain’s 24-hour DEX volume stood at $1.99B, Ethereum’s was a close second at ~$1.72B, while Solana, Base, and Arbitrum followed with $1.13B, $460.63M, and $416.11M, respectively. The BNB network’s team disclosed that DEXs built on BSC have accounted for over 30% of the total DEX market share for six consecutive days since March 15, outpacing other chains and reinforcing BNB Chain’s position in the DeFi space. CoinStats noted that DEXs have seen heightened activities in the past few months, mostly driven by memecoins and speculative trading. Solana used to be the runaway leader in DEX activities, although the BNB Chain has threatened Solana’s dominance in the past week. BNB Chain tops all other networks in weekly DEX trading volume BNB Chain leads all networks in DEX volume this week, maintaining its position as the top choice for on-chain trading. Will it sustain this volume? 🤔 pic.twitter.com/EdRj6rZigs — Coin Bureau (@coinbureau) March 22, 2025 The chain shot to the top of the DEX market in the past week, overtaking Ethereum and Solana. Defillama’s data confirmed that BNB Chain has been leading in weekly DEX trading volume and fee generation, showing strong growth despite “broader market doldrums.” According to data from Defillama on March 22, BNB Chain’s weekly DEX trading volume surged 81.34% while Ethereum’s, Solana’s, Base’s and Arbitrum’s DEX volumes plummeted by 44.39%, 29.99%, 43.4%, and 45.13% respectively. BNB Chain’s 24-hour DEX volume…
Filed under: News - @ March 23, 2025 10:28 am