Tuesday, November 5, 2024

DEX Buying and selling Volumes on BNB Chain Flip Ethereum and Solana

Crypto markets bounce again from final week’s rout, with Bitcoin and Ether reclaiming $70,000 and $3,600, respectively.

Because the rivalry between the Ethereum and Solana communities heats up, BNB Chain quietly beat each when it comes to buying and selling quantity.

Day by day buying and selling quantity on BNB Chain, the Layer 1 blockchain backed by Binance, surpassed $2.2 billion on March 24, accounting for over 1 / 4 of the overall quantity on decentralized exchanges tracked by DeFillama.

That places it forward of Ethereum and Solana, which have been battling for the highest spot amid the continuing memecoin mania on the latter, for the primary time since Could 2023.

Veteran decentralized trade PancakeSwap continues to dominate buying and selling exercise on BNB Chain, processing over $1.3 billion value of trades within the final 24 hours throughout its V2 and V3 iterations.