The decentralized exchange (DEX) trading volume on Binance Smart Chain (BSC) in the past 24 hours has reached $1.637 billion, surpassing Solana ($1.077 billion) by 34%.
The ongoing meme coin frenzy, with several emerging stars, is driving the BSC ecosystem to new heights.
DEX Volume on BSC Increases Sharply
According to DefiLlama data, BSC ranks second in monthly trading volume with $84.3 billion, trailing only Solana ($105 billion). However, in the last 24 hours, BSC recorded a DEX volume of $1.637 billion, overtaking $1.0.77 billion from Solana.
Over the past week, BSC’s DEX volume reached $5.15 billion, while Solana only managed $2.373 billion. Recently, Solana DEX volume hit a Year-To-Date low. This put the SOL price under heavy selling pressure.
This past week, BSC has witnessed the explosion of meme coins such as MUBARAK (up 71%), BROCCOLI (market cap exceeding $101 million), and TST (which hit $500,000 in just a few hours). The influence of CZ, the co-founder of Binance, has created price triggers.
The Four.Meme platform has been an ideal launchpad for promising meme coin projects. In the last 24 hours alone, six tokens from Four.Meme has reached a market cap of over $1 million, far outpacing PumpFun on Solana, where only one token achieved this milestone.
Previously, meme coins helped Solana dominate the DEX space, with a weekly trading volume of up to $56 billion in January 2025. However, the PumpFun saturation and issues like spam bots have led to a decline in Solana’s trading volume in the past week.
Four.Meme’s rapid growth has also brought many consequences. Recently, SlowMist identified a liquidity exploit vulnerability on Four.Meme, affecting its token launch and liquidity pool security. The incident follows a February exploit that resulted in a $183,000 loss, highlighting ongoing security concerns on the platform.
BSC’s overtaking of Solana marks a pivotal shift in the DeFi space. While Solana faces declining trust due to major meme coin crashes like LIBRA, BSC is seizing the opportunity to solidify its dominance. With its current momentum, BSC is emerging as a strong contender to lead the DEX race in 2025.
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