Decentralised Exchanges
Search documents
How BNB Chain ‘memed’ its way to $2 trillion
Yahoo Finance· 2025-10-20 11:44
Core Insights - BNB Chain has surpassed $2 trillion in cumulative trading volume on decentralized exchanges, driven by a significant increase in memecoin activity, marking a notable achievement alongside Ethereum and Solana [1] - The memecoin sector has experienced a decline of 60% from its December 2024 highs, currently valued at $57 billion, influenced by macroeconomic uncertainties and scandals [2] - Recent trading activity has surged, with a 60% increase in memecoin trading over the last 24 hours, indicating a resurgence in interest [5] Trading Activity - Several traders profited over $1 million from the viral memecoin Binance Life, which saw its value exceed $500 million shortly after launch, aided by endorsements from Binance founders [3] - BNB Chain developers announced a $45 million airdrop to reward memecoin traders following a market crash on October 10 [4] - BNB Chain leads in weekly transaction fees, generating nearly $16 million in the last seven days, surpassing the combined weekly transaction fees of Ethereum and Solana [6]