Summary
- BNB Chain based decentralized exchanges' 24-hour trading volume has surpassed Solana.
- This is particularly attributed to the influence of meme coins such as MUBARAK.
- PancakeSwap ranked as the DEX with the highest trading volume over 24 hours.
The 24-hour trading volume of decentralized exchanges (DEX) based on BNB Chain has surpassed Solana (SOL).
On the 17th (local time), WuBlockchain announced via X that "The 24-hour trading volume of DEXs based on BNB Chain recorded $1.64 billion, surpassing Solana," adding that "This is attributed to the influence of meme coin launches such as MUBARAK." They further added that BNB Chain's 'PancakeSwap' ranked as the DEX with the highest trading volume over 24 hours.
MUBARAK, a meme coin related to Binance's partnership with the Middle East, was selected for Binance Alpha on the 15th (local time). Previously, Binance founder Changpeng Zhao had mentioned the MUBARAK coin via X.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "Bitcoin sees slowdown in long-term holders’ selling"](https://media.bloomingbit.io/PROD/news/e3bf64fe-a672-4332-b56c-aed5685fa60e.webp?w=250)
![Bitcoin ‘shaken’ by Middle East-driven energy shock…compounded by delayed rate cuts [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/cd955517-e4fb-4a0f-a816-a084daee456a.webp?w=250)
