BNB Chain Leaves Solana and Ethereum Behind in Daily Transactions

BNB Chain is experiencing one of its most explosive growth phases to date. According to fresh data from Nansen, daily transactions on the chain have jumped from 6 million in early May to over 15 million as of this month. That’s more than a 150% increase in just a few weeks. Daily active addresses are also on the rise, nearing 2 million.

This uptick in network usage has had a direct impact on Binance Coin (BNB). While geopolitical tensions in the Middle East triggered market jitters, BNB posted gains.

PancakeSwap Dominates with Record Volume

A big part of this growth story is PancakeSwap, BNB Chain’s leading decentralized exchange. In just one day, it clocked in $2.7 billion in trading volume. From May 1 to May 31, PancakeSwap and other BNB Chain DEXs have processed more than $104 billion, according to DeFiLlama. That figure surpasses Solana’s $100.63 billion and Ethereum’s $64.68 billion in the same period.

In fact, PancakeSwap has now leapfrogged several major platforms. On June 16, it handled over $8.78 billion—eclipsing Uniswap’s $3.91 billion, Raydium’s $663 million, and Aerodrome’s $598 million. 

Memecoins Give BNB Chain the Edge

A large chunk of BNB Chain’s recent momentum can be traced back to its memecoin trading frenzy. For the first time in months, it has overtaken Solana in memecoin DEX volume. 

According to data shared by Blockworks co-founder Jason Yanowitz, BNB Chain now commands 45% of the total memecoin volume on decentralized exchanges—up from just 25% in April 2025.

Solana’s share has dropped sharply to 25%, while Ethereum holds steady at 20%. The remaining 10% is divided among chains like Base, Arbitrum, Avalanche, Celo, and Unichain. This signals a more fragmented, competitive, and growing ecosystem—but one in which BNB Chain currently leads.

The Binance Alpha Program has been central to this trend. It promotes early-stage memecoins by boosting liquidity and visibility. Dozens of tokens have launched under the program this quarter alone, fueling rapid trading and massive short-term volumes.

Why BNB Price Is Rising Despite Market Volatility

Transaction fees on BNB Chain contribute to the coin’s burn mechanism. So, higher activity directly affects BNB’s tokenomics. More users means more fees—and more tokens removed from circulation. This is one reason why BNB has remained firm even as Bitcoin fell below $104,000 during regional tensions.

BNB Chain's strategy is also evolving. It's no longer just about trading volume. The ecosystem now integrates DeFi, memecoins, gaming, and even AI into a broader strategy of expansion.

Strategic Investments Fuel Growth Across Sectors

The BNB Chain Foundation also made impactful moves behind the scenes. It has invested in 17 blockchain projects spanning various sectors. These include:

• Cake ($CAKE), the backbone of decentralized exchange on BNB
• Lista ($LISTA), a fast-growing lending platform
• VixBT ($VIXBT), a rising DeFi protocol
• Moolah ($MOOLAH), a memecoin gaining traction via launchpads

Platforms like fourmeme and Flap have made launching meme tokens simple and fast. These tools allow communities to spin up tokens overnight, directly feeding the surge in transactions and address activity on BNB Chain.