According to DeFiLlama data, the increase in memecoin transaction volume on BNB Chain has brought about a notable rise in decentralized exchanges (DEXs).
BNB Chain Trading Volume Exceeds $6 Billion: Second High of the Year
BNB Chain DEX trading volume reached $6.05 billion, marking its second-highest level in 2025. According to the data, the majority of this volume occurred through PancakeSwap, the network’s most popular decentralized exchange.
PancakeSwap recorded a trading volume of $4.29 billion in the last 24 hours, holding a majority of the total market share. This further demonstrates its dominant position within the BNB Chain ecosystem.
Experts cite the strong interest in emerging meme coin projects and a resurgence of on-chain investor activity as key reasons for this increase. Short-term investors, in particular, seeking returns in highly volatile tokens, have increased trading traffic on DEXs.
This strong performance on BNB Chain suggests that both on-chain user activity and liquidity flow are accelerating again as we enter the final quarter of the year. Analysts predict that if this rise in DEX volumes continues, BNB Chain could break new records in total transaction volume by the end of 2025.
*This is not investment advice.