According to DefiLlama, a decentralized finance (DeFi) aggregator, the BNB Chain’s decentralized exchange (DEX) has reached a massive $1.64 million trading volume within the past 24 hours with a 13% weekly increase. Driven by the remarkable display of market momentum, it has soared to the top spot, leaving Solana’s trading volume in the background.
Memecoins Fuel Surge
The trending Mubarak memecoin launched on the BNB chain is instrumental to the network’s trading volume pump. Within the past 24 hours, Mubarak has surged by over 270% to reach $129.35 million market capitalization. It reached an all-time high of $0.15 and settled at $0.13 at press time while forming more bullish candles.
Concurrently, PancakeSwap, the flagship DEX of the BNB network, which serves as the primary exchange for the Mubarak memecoin, emerged as the DEX with the highest trading volume within the past 24 hours, surpassing Solana’s Jupiter and solidifying its position as a leading on-chain trading platform.
BNB Chain’s trading volume reflects the increasing growth and adoption in the ecosystem. As the native blockchain network of the world’s largest crypto exchange, Binance, the chain has actively introduced features and technologies to provide more utility within its ecosystem.
Memecoin Frenzy Raises
The past few months have been crazy for the crypto market as new memecoins are introduced literally every day. Notably, the Solana blockchain network has been the home of many of these memes, thus, it has ranked highest in trading volume for a long time before BNB’s overtaking.
Recently, many celebrities have joined the trend, launching their memecoins and promoting to followers who invest in them to boost market capitalization and liquidity. Famous Australian rapper Iggy Azalea launched her $MOTHER memecoin, which has proven sustainable in the market as she has constantly introduced features to boost investors’ interest.
Additionally, American President Donald Trump also launched a memecoin, prior to his inauguration. Due to his pro-crypto stand, his supporters invested heavily in the token, making it soar to over $75 per $TRUMP. However, the memecoin has dumped below the $12 mark, as the crypto market has not stopped bleeding since Q1 2025.
Meanwhile, many asset managers have filed with the U.S. financial watchdog to launch investment funds tied to $DOGE and many popular memecoins.
