BNB Chain Leads in Network Fees and Activity
BNB Chain recorded $7.88 million in daily network fees, its second-highest level in three years. This surge was driven by meme coin launches and decentralized perpetual trading. According to DeFiLlama, BNB Chain surpassed Ethereum, Solana, and Tron in October 2025. It became the most actively used blockchain that month.
The rise in transaction volume is linked to on-chain perpetuals and low-fee meme tokens. This strengthens BNB Chain’s role as a hub for high-frequency retail trading.
Despite BNB slipping nearly 5% from daily highs to about $1,232, network activity remains strong. BNB is up 113% year-to-date. Its market cap is near $179 billion, ranking it third after Bitcoin and Ethereum.
DEX Volume on BNB Chain Surpasses Solana
Data from DeFiLlama shows BNB Chain overtook Solana in 24-hour decentralized exchange (DEX) volume. BNB Chain reached $6.05 billion, while Solana had $4.73 billion. This growth is mainly due to perpetual futures trading exceeding $100 billion recently.
PancakeSwap handled $4.53 billion of the daily volume. Low gas fees and fast transaction finality under the Maxwell upgrade support this activity. A $100 million liquidity program also helps keep BNB Chain liquid and cost-efficient.
The total value locked (TVL) on BNB Chain is $17.1 billion. Over 4.2 million users are active daily. The chain’s growing real-world asset integrations and fee-free stablecoin transfers boost adoption.
BNB Chain Strengthens Its DeFi Position
While Solana leads in NFTs, BNB Chain dominates liquidity and trading volume. This shift makes BNB Chain a preferred platform for DeFi traders. Its combination of low fees, high liquidity, and strong user activity supports continued growth.
