Binance Chain (BNB) Records $5.8M in Daily Fees... 'Broccoli' Effect

YM Lee

Summary

Binance Chain (BNB)'s daily fees reached $5.8 million, surpassing Solana (SOL) and others.
Fees surged after Binance co-founder CZ shared his pet dog's photo, leading to meme coin issuances.
This change led to active trading on DEXs including PancakeSwap.

On the 13th, Binance Chain (BNB)'s daily fees surpassed all rival Layer 1 chains including Solana (SOL) and Ethereum (ETH).

According to CoinTelegraph on the 14th (local time), Binance Chain's daily fees on the 13th reached $5.8 million, surpassing Solana's $3.3 million.

CoinTelegraph explained, "After Binance co-founder CZ posted a photo of his pet dog Broccoli, numerous meme coins were issued on multiple DEXs including PancakeSwap, generating massive fees."