BNB Chain Surpasses Ethereum and Solana in DEX Trading Volume

On May 26, trading volume on decentralized exchanges (DEX) within the BNB Chain reached $13.31 billion.

According to DeFi Llama, this figure surpassed Ethereum’s comparable metrics ($1.675 billion) by a factor of 7.9 and Solana’s ($2.32 billion) by 5.7 times. The volume on BNB Chain was greater than the total trading volume of the ten largest blockchains combined.

This surge is likely attributed to the launch of Binance Alpha—a gamified participation system for Token Generation Events (TGE) and for receiving airdrops. To earn from these activities, users must accumulate a specific number of points, known as Alpha Points, which are awarded for:

As reported by Dune Analytics, on May 30, BNB Chain accounted for 94.9% of the total daily trading volume among monitored blockchains. The increase in the average transaction size indicates a deeper user engagement within the ecosystem.

Among popular Web3 wallets, Binance Wallet commanded a market share of 96.2% in trading volume.

Previously, the BNB Chain team provided a summary of the first quarter of the BNB AI Hack hackathon, which focused on integrating AI with blockchain technology. Organizers highlighted 13 projects, many of which are already being traded on centralized exchanges.