BSC DEX Volume Surges to $1.63 Billion, Outpacing Solana and Ethereum

BSC has emerged as the leading chain for DEX volume, surpassing Ethereum and Solana on March 16.

BSC's DEX volume rose by 13% over the past week to $1.63 billion, totaling $9.68 billion in seven days.
The total value locked in BSC is $1.7 billion.
Solana and Ethereum experienced decreases in DEX volumes, down 28.8% to $1.07 billion and 12.1% to $1.01 billion, respectively.
PancakeSwap accounted for most of the trading volume on BSC, generating approximately $1.47 billion.
PancakeSwap collected nearly $3.5 million in fees on March 16, ranking third behind Tether and Circle.
The memecoin protocol Four.meme saw its trading volume surge from $580,000 to $24.8 million in a week.

BNB Defies Market-wide Bears

BNB increased by 4% in the last 24 hours, reaching $630, its highest price in three weeks.
Daily trading volume for BNB rose by 26% to $1.8 billion, with a market cap of $89.4 billion.
Strong interest in BNB may lead to high price volatility amid bearish market sentiment.
A recent $2 billion investment in Binance from Abu Dhabi’s MGX could further support BNB's price, which has risen by 11% since the announcement.