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BNB Chain DEX trading volume surpassed Solana with Mubarak memecoin hype.
Binance founder CZ started investing in memecoins with MUBARAK and TST purchases.
Binance Smart Chain (BSC) DEX trading volume surpasses Solana today. This remarkable record is led by the new memecoin MUBARAK hype. Mubarak memecoin has been making waves in the industry with its incredible price surge of over 300% in the last 24 hours.
DEX Trading Volume (Source: DefiLlama)
As per DefiLama, BSC climbed up to the top position in terms of DEX trading volume. It recorded a 13.27% surge in its weekly trading volume, standing at $1.637 billion. On the other hand, Solana’s trading volume is $1.077 billion, which has dropped by 28.88% in the last week. This significant surge in BSC DEX volume is garnering attention across the industry.
CZ Enters Memecoin Investment With MUBARAK Purchase
Binance co-founder and former CEO CZ expressed his disinterest in memecoin investment several times. However, CZ has come a long way from commenting on memecoins as “weird” to making a memecoin investment himself. As per several recent reports, CZ reportedly purchased two memecoins – MUBARAK and TST.
