[BNB DEX trading volume surpassed Solana for three consecutive days, trailing only Ethereum]
Binance Smart Chain (BSC) has emerged as a major force in decentralized exchange (DEX) trading over the past week, surpassing Solana in trading volume for three days in a row. According to the latest data, BSC’s trading activity is second only to Ethereum, showing its rising status in the crypto ecosystem.
On August 21, 2024, BSC’s DEX trading volume reached $922 million, surpassing Solana’s $703 million. On August 22, BSC trading volume increased further to $1.139 billion, and Solana was $860 million. As of August 23, BSC’s trading volume was $909 million, continuing to lead Solana’s $847 million.
Ethereum still leads in terms of DEX trading volume, but BSC’s continued growth shows increased trader interest and liquidity in its network, making it a serious contender in the decentralized finance (DeFi) industry.
In addition, BSC’s DEX trading volume growth is also reflected in the price of its native token BNB. On August 24, BNB rose from $569 to $592. On August 21, when BSC first surpassed Solana, the BNB price was $547.61, before rising to $575. On August 22, trading volume reached $1.139 billion, with BNB rising further to $589. To date, BNB price remains around $575.
The growth in BSC DEX trading volume may be attributed to low transaction fees, an increase in dApps, and DeFi projects that continue to attract users and liquidity providers, further strengthening its important role in the decentralized financial ecosystem.
