BNB Chain Dominates DEX Market Once Again with $2.544 Billion Daily Volume, Surpassing Ethereum and Fueled by PancakeSwap
BNB Chain has once again asserted itself as one of the most dynamic and influential blockchains in the crypto industry. On March 18, 2025, it recorded a daily trading volume of $2.544 billion, surpassing Ethereum and its $1.348 billion during the same period. This exceptional performance is largely driven by PancakeSwap, which dominates the market with $1.639 billion, positioning itself as the world’s #1 DEX in terms of exchange volume.
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Renewed Dominance in the DEX Market
The BNB Chain continues to solidify and amplify the liquidity of its ecosystem in the middle of its Liquidity Pool Support Program (LPSP). Several program participants have already been listed on Binance Alpha and Binance Futures, providing them with increased visibility and access to institutional investors.
Memecoins dominate this program and the overall BNB Chain market, capturing 72.52% of the total exchange volume. DeFi follows with 14.61%, while DePIN projects rank third with 8.67%. This dynamic confirms the central role of memecoins in the current on-chain activity, particularly on four.meme, where 83% of the listed projects have experienced a price increase of at least 20%.
Surging Liquidity and On-Chain Activity Records
The BNB Chain is experiencing a meteoric rise in liquidity, with a 27% increase in weekly trading volume. PancakeSwap remains the epicenter of the ecosystem and continues to capture the majority of exchange volumes.
Meanwhile, deBridge has established itself as the most active cross-chain protocol, processing $6.44 million in transactions in a single day. Its token DBR has skyrocketed with a 50% increase in one week, reaching $0.0317.
On four.meme, activity remains intense with 15,700 unique addresses interacting on March 17, with a daily volume of 27,000 BNB. The platform’s attractiveness continues to grow, as evidenced by the listing of 112 new tokens on PancakeSwap, further enhancing market depth and accessibility of new assets.
Tokens Skyrocketing and Strategic Support from Binance
Several flagship tokens in the BSC ecosystem are experiencing a spectacular rise. Among them:
- MUBARAK has surpassed $200 million in market cap
- BNX: +12.93%
- CAKE: +23.98%
- 1000Chems: +30.4%
Binance plays a key role in this dynamic by facilitating access to BNB Chain tokens through direct USDT purchase, thereby simplifying interactions between CEX and the BSC blockchain. Moreover, fee-free trading via Binance Wallet has boosted on-chain activity and continues to attract more users to the BNB Chain ecosystem.
Addressing Community Concerns and CZ’s Involvement
In response to concerns related to the phenomenon of ‘rug pulling’, Binance co-founder He Yi announced the implementation of an anti-rug-pull protection guaranteeing compensation within 24 hours in the event of an issue. This initiative aims to restore user confidence and ensure maximum transparency in exchanges.
At the same time, CZ, an iconic figure in the BNB Chain community, remains highly active. He regularly interacts with users on Twitter and has recently purchased several BSC tokens such as Mubarak and TST using his own wallet, demonstrating his confidence in the future of the ecosystem while attracting criticism from memecoin detractors.
