BSC USDT Transactions Surge, Driven by DeFi and Memecoins
Key Highlights:
- CryptoQuant reports a significant surge in Binance Smart Chain (BSC) USDT transactions, peaking at 19.4 million daily transfers from a baseline of around 2 million.
- This increase is attributed to the rise of BSC as a dominant Decentralized Exchange (DEX) hub, surpassing Ethereum and Solana with over $1.63 billion in Q1 2025 DEX volume.
- BSC's current 24-hour DEX volume stands at $4.141 billion, driven by Binance Launchpool projects and memecoin trading activities.
- The network's low transaction fees, approximately $0.03, attract retail traders, enhancing liquidity.
Additional Insights:
- PepeNode (PEPENODE), a new mine-to-earn meme coin, is gaining traction. The project has raised $1,721,027.2, with the token priced at $0.0010918.
- PepeNode offers up to 3022% in staking rewards, with purchases available via credit/debit cards and cryptocurrency.
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