BNB Chain Surpasses Solana in 24-Hour DEX Volume
BNB Chain (BSC) has overtaken Solana in 24-hour decentralized exchange (DEX) volume. Data from DeFiLlama shows BNB Chain recorded about $6.051 billion in DEX volume. Solana’s volume was $4.737 billion during the same period.
This growth highlights BNB Chain’s rising dominance in on-chain trading. It is supported by record perpetual futures volume above $100 billion, leading chain fees, and strong liquidity in major decentralized markets.
PancakeSwap Leads BNB Chain Trading Activity
PancakeSwap accounts for a large share of BNB Chain’s trading volume. It reported $4.533 billion in 24-hour volume alone, according to DeFiLlama. The chain benefits from low transaction fees and fast block finality of 1.875 seconds, thanks to the Maxwell upgrade.
High activity in meme coins, DeFi, and real-world assets (RWA) also boosts BNB Chain’s success. Incentive programs, including a $100 million liquidity campaign and free stablecoin transfers, have attracted more traders.
BNB Token Reaches New Highs
The total value locked (TVL) on BNB Chain has reached $17.1 billion. Daily active users exceeded 4.2 million in October. The BNB token hit a new all-time high of $1,295 in 2021, rising more than 113%, according to DeFiLlama.
At the time of writing, BNB traded at $1,284.15 with a 24-hour trading volume near $11.93 billion. Its market cap stood at $178.73 billion, making it the third-largest cryptocurrency by market capitalization, ahead of XRP, per CoinMarketCap.
While Solana remains strong in NFTs and overall chain activity, BNB Chain leads in DEX trading volume, liquidity, and incentives. This shows its growing influence in decentralized finance.
