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BNB New Record All Time High Chain’s DEX volume hit of $1.64 billion on March 16

On March 16, 2025, the decentralized exchanges (DEXs) operating on the BNB Chain achieved a remarkable milestone by recording a 24-hour trading volume of $1.64 billion, marking a new all-time high. 

 This surge in trading activity propelled BNB Chain to the forefront of the DEX landscape, surpassing other prominent blockchain platforms such as Solana, which recorded a daily volume of $1.08 billion during the same period. 

The significant increase in trading volume can be largely attributed to the burgeoning interest in memecoins within the BNB Chain ecosystem. Notably, the recent launch of the MUBARAK memecoin on March 13 played a pivotal role in driving user engagement and transaction activity. Since its introduction, MUBARAK rapidly ascended to a market capitalization exceeding $143 million, reflecting a price surge of over 290% on that day. 

PancakeSwap, the leading DEX on BNB Chain, has been a significant beneficiary of this increased activity. In January and February 2025, PancakeSwap's trading volume reached $78.4 billion and $81 billion, respectively, marking the highest monthly trading volumes since 2021. This surge was primarily driven by the recovery of the BNB Chain ecosystem and the growing popularity of memecoins. 

 As of March 16, PancakeSwap recorded a 24-hour trading volume of nearly $1.64 billion, further solidifying its dominance in the DEX market. 

The BNB Chain's ability to handle such substantial trading volumes underscores its scalability and the growing trust within the decentralized finance (DeFi) community. This milestone not only reflects the platform's technical robustness but also highlights the increasing adoption of DeFi platforms built on BNB Chain's infrastructure. As the ecosystem continues to evolve, it is poised to attract a more diverse range of users and projects, further cementing its position in the DeFi landscape.