BNB Chain Surpasses Solana in DEX Trading Volume Amid Memecoin Surge

BNB Chain has overtaken Solana in daily decentralized exchange (DEX) trading volume, reaching an all-time high of $1.64 billion on March 16, 2025. This surge, fueled by increased activity in memecoins like Mubarak (MUBARAK) and TaTaTu (TTU), marks a 13% increase over the past week. In contrast, Solana’s DEX volume has dropped 28% over the same period.

This shift is notable, as Solana previously dominated the DEX sector. In November 2024, Solana’s DEX trading volume hit $115 billion, surpassing both Ethereum and Binance Smart Chain (BSC). The growth was driven by Solana-based memecoins, which attracted substantial liquidity.

However, recent setbacks have weakened Solana’s memecoin ecosystem. The LIBRA scandal, involving corruption allegations tied to Argentina’s president, has shaken investor confidence. Additionally, scams and insider trading concerns have further hurt trading activity. Platforms like Pump.fun, once a key player in Solana’s memecoin market, are now seeing their lowest daily volumes since October 2024. As a result, many traders are shifting to BNB Chain, helping it climb the DEX rankings.

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