#Binance

𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝘾𝙝𝙖𝙞𝙣 𝙊𝙫𝙚𝙧𝙩𝙖𝙠𝙚𝙨 𝙎𝙤𝙡𝙖𝙣𝙖 𝙄𝙣 𝙈𝙚𝙢𝙚𝙘𝙤𝙞𝙣 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙑𝙤𝙡𝙪𝙢𝙚

Binance Chain has flipped Solana in memecoin trading volume while the activity levels on Ethereum falters in third place.

Binance Chain is the dominant blockchain for memecoin activity, as its trading volume has surpassed Solana. BNB Chain holds 45% of the total memecoin DEX volume while Solana and Ethereum are sitting on 25% and 20% respectively.

After months of memecoin trading volume dominance, activity levels on Solana are cooling down. According to on-chain data, BNB Chain has overtaken Solana as the blockchain with the largest memecoin trading volume.

Per the data, BNB Chain makes up 45% of the total memecoin DEX volume, outpacing Solana and Ethereum by 2x. Back in April, the Binance Chain memecoin DEX volume contributed only 25% of the pie before climbing northwards to its present levels in July.

Solana controls only 25% of the trading volumes, declining from a 40% dominance in April. The steep 15% drop for Solana leaves it in second place after a meteoric 12-month run that saw it become the dominant blockchain for memecoin trading.