Due to the growing popularity of memecoins, the DEX trading volume on the BNB Chain hit a new high of $1.64 billion on March 16, surpassing Solana. PancakeSwap ($CAKE) accounted for the majority of this with a trading volume of $1.47 billion, while tokens like $MUBARAK, $BNX, and $CHEEMS also saw significant increases. The outlook for Binance Chain remains positive, as it aims to expand its influence and become the new king of public chains.