Yeliz Akmaca 
DEX trading activity on BNB Chain showed a significant increase this week. On October 7, the chain’s decentralized exchange (DEX) volume reached $6.051 billion, marking the second-highest level this year. The surge in on-chain memecoin activity contributed strongly to this growth.
For crypto investors, this volume is an important indicator of market trends. PancakeSwap captured the largest share of this growth, highlighting its dominant position in the ecosystem.
Leading DEX on BNB Chain
PancakeSwap led the DEX trading activity with nearly $4.29 billion in volume over the past 24 hours. The platform’s strong user base and deep liquidity explain its dominance. Meanwhile, other exchanges also saw rising volumes, but PancakeSwap’s leadership demonstrates investor preference for reliable, liquid platforms.
This trend serves as a key signal for followers of rising coins and altcoin trends in the crypto market.
Memecoin and Altcoin Demand Boosts Volume
On-chain memecoin activity on BNB Chain played a critical role in boosting DEX volume. Popular memecoins saw higher trading volumes, attracting increased investor attention. Market analysts note that this surge may present short-term trading opportunities.
Key highlights:
- BNB Chain DEX volume: $6.051 billion
- PancakeSwap volume: $4.29 billion
- Memecoin and altcoin demand drives trading growth
These figures underscore sustained interest in decentralized exchanges and reaffirm BNB Chain’s importance in the DeFi ecosystem. Compared to other major blockchain projects, BNB Chain’s performance stands out.
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