According to The Defiant: BNB Chain, Binance's leading Layer-1 blockchain, stole the limelight as it surpassed both Ethereum and Solana in daily trading volume amid a recovering crypto market on March 24, 2024. The bounce back saw Bitcoin and Ether reclaim $70,000 and $3,600, respectively, lighting up the trading horizon.
DeFillama's tracking data shows that BNB Chain's daily trading volume eclipsed $2.2 billion, occupying over 25% of the total volume on decentralized exchanges (DEXs). This significant milestone marks the first time BNB Chain has outperformed Ethereum and Solana since May 2023, amid the ongoing memecoin mania primarily associated with Solana.
Leading the charge on BNB Chain was PancakeSwap, a long-standing decentralized exchange, which processed over $1.3 billion worth of trades in the past 24 hours across its V2 and V3 platforms.
