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## With $15 Billion in Weekly DEX Volume, BNB Chain Outstrips Solana and Ethereum
The crypto competition is intensifying! BNB Chain has moved forward, grabbing the title for weekly DEX trading volume. According to Crypto Rover, BNB Chain DEXs have enabled an enormous $15 billion in transactions over the last week, exceeding both Ethereum and Solana. This strengthens BNB Chain’s status as a significant participant in the DeFi field.
## BNB Chain Rules the DEX Landscape
Information indicates that BNB Smart Chain has appeared as the best in the decentralized exchange market, leaving SOL and ETH behind. BNB Smart Chain’s transaction volume and charges have exceeded other protocols in the past week, displaying its remarkable growth path.
The increase of meme coins and speculative trading has powered the expansion of DEX trading volumes in recent months. Solana had been a prominent platform for DEX activity. However, the circumstances have changed in the past week, with BNB Chain exceeding Solana’s lead.
From March 15th to 21st, BNB Chain-based DEXs represented over 30% of the total DEX market share, outperforming other blockchains. This additionally strengthens BNB Chain’s position as a driving factor in the DeFi space.
Crypto Rover’s latest information emphasizes the significant increase in DEX activity on BNB Chain, reaching $15 billion last week. Ethereum followed with $9 billion in DEX trading volume, while Solana, the previous leader, came in third with $7 billion. Other significant blockchains, including Arbitrum, Base, Tron, Sui, and Hyperliquid, have also received recognition for their impressive DEX trading volumes.
## What’s Causing the Pattern?
The DEX operations of Binance Coin are impressive, reaching $15 billion, which demonstrates the platform’s large user community and significant liquidity within its environment. The strength of Binance Coin comes from Binance’s solid support, zero-knowledge rollup integration, and liquidity incentives, all of which help it maintain its top position in the DeFi market. Furthermore, innovation and applications serve as drivers for its momentum.
Although SOL is still a formidable competitor, its development has been hampered by problems such as transaction failures and network interruptions. The superior performance of Binance Coin implies a change in trading choices, most likely brought on by its affordable transaction costs and lightning-fast network. In addition, while Ethereum is still the unquestionable leader in decentralized finance, its high transaction costs have encouraged consumers to look for more appealing options. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Nicholas Otieno is a financial technology writer who specializes in the cryptocurrency market. Since 2019, he has been writing pieces to educate readers about cryptocurrencies and their considerable beneficial impact on global wealth. Nicholas is a Bitcoin owner who has strong faith in its fundamentals. His writings have appeared in Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and other publications. Nicholas enjoys doing housework, hanging out with friends, listening to music, and watching soccer when he is not writing.
