BNB Chain DEX volume jumps 36%

Native Finance Leads Weekly Volume on BNB Chain

@BNBCHAIN recorded $7.555 billion in decentralized exchange (DEX) volume over the past week, a 36.26% increase, with $1.351 billion traded in the last 24 hours. Total value locked (TVL) on the chain stands at $4.853 billion.

The week's gains did not come from the chain's established names. @PancakeSwap fell 24.76% to $2.698 billion in weekly volume, while @Uniswap dropped 34.99%. The standout was @native_fi, which surged 926% to $3.363 billion in reported volume, taking the top spot on BNB Chain for both daily and weekly turnover.

One important caveat: @native_fi is not a pool-based automated market maker. It operates as an RFQ (Request-for-Quote) relay, routing trades to professional market makers rather than settling against its own liquidity pools. That means its reported volume figures are not directly comparable to AMM volume on a like-for-like basis, and some of the underlying liquidity it routes through may include the same venues it appears to have overtaken in the rankings.

PancakeSwap Still Holds the Cumulative Lead

Despite ceding the weekly top spot, PancakeSwap retains a commanding cumulative advantage. According to DefiLlama, PancakeSwap operates across 12 chains, with BSC accounting for 96.5% of its activity. Its all-chain cumulative volume surpasses $1.856 trillion, dwarfing Native's $9.498 billion in total historical volume and underscoring just how recent Native's rise has been.

@native_fi describes itself as non-custodial autonomous trading infrastructure built around MEV protection. The protocol says its RFQ model aims to deliver competitive swap prices. It is deployed across BNB Chain and Ethereum, and recently expanded to Robinhood Chain as a day-one partner.

A single week of outsized reported volume can reflect a concentrated burst of activity rather than a durable shift in liquidity. PancakeSwap's depth of historical liquidity and its integration across the BSC ecosystem give it structural advantages that will take time to erode. Still, the 926% weekly jump puts @native_fi firmly on the map as a growing presence in BNB Chain's DEX landscape.

Sources:
DefiLlama: PancakeSwap protocol data
Native Finance: Official site