According to DeFiLlama data, the increase in memecoin transaction volume on $BNB Chain has brought about a notable rise in decentralized exchanges (DEXs).
$BNB Chain Trading Volume Exceeds $6 Billion: Second High of the Year
$BNB Chain DEX trading volume reached $6.05 billion, marking its second-highest level in 2025. According to the data, the majority of this volume occurred through PancakeSwap, the network's most popular decentralized exchange.
PancakeSwap recorded a trading volume of $4.29 billion in the last 24 hours, holding a majority of the total market share. This further demonstrates its dominant position within the $BNB Chain ecosystem.
Experts cite the strong interest in emerging meme coin projects and a resurgence of on-chain investor activity as key reasons for this increase. Short-term investors, in particular, seeking returns in highly volatile tokens, have increased trading traffic on DEXs.
This strong performance on $BNB Chain suggests that both on-chain user activity and liquidity flow are accelerating again as we enter the final quarter of the year. Analysts predict that if this rise in DEX volumes continues, $BNB Chain could break new records in total transaction volume by the end of 2025.
*This is not investment advice.