BNB Chain bypassed Ethereum in terms of trading

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

According to Defi Llama, the indicator exceeded the same Ethereum metrics ($ 1.675 billion) by 7.9 times and SOLANA ($ 2.32 billion) by 5.7 times. BNB Chain trading volume turned out to be more than the total indicator of the ten largest blockchains.

Probably, growth is due to the launch of Binance Alpha – a gamied system of participation in TGE and obtaining airrods. To earn on activities, users need to dial a certain number of points (Alpha Points). They are accrued for:

  • storage of assets on a centralized exchange and/or in the Binance Wallet wallet;
  • Trade activity on the Binance Alpha platform through Binance Wallet.

According to Dune Analytics, on May 30, BNB Chain provided 94.9% of the total daily volume of trading among tracked blockchains. An increase in the average size of transactions indicates a deeper involvement of users in the ecosystem.

Among the popular Web3 -saps, Binance Wallet took 96.2% of the market share in terms of trading.

Earlier, the BNB Chain team summed up the results of the first quarter of the Hakaton BNB Ai Hack, dedicated to the integration of AI into the blockchain. The organizers noted 13 projects, many of which are already traded on centralized exchanges.

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Source: Cryptocurrency

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