BNB Chain’s trading volume and token price have both soared in the past seven days, ranking first among all chains

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On March 20, according to data from DeFilama and CoinMarketCap, BNB Chain has been actively bucking the trend in the past week, driven by the highest DEX trading volume and on-chain fee income in the past week, becoming the core driving force for the surge in market activity. Key data:

DEX dominance: Since March 15, DEXs based on BNB Chain have occupied more than 30% of the total trading volume of decentralized trading platforms for 6 consecutive days, far exceeding other public chains.

Surge in on-chain fees: Since March 17, the daily average on-chain fees have exceeded $1.6 million, reflecting a significant increase in network usage.

BNB outperforms BTC: In the past week, the price increase of BNB has exceeded that of Bitcoin, highlighting the resilience of market demand for it, even in the midst of overall volatility.

Token surge: Tokens in the ecosystem have performed outstandingly. In the MEME sector: TUT surged 5,995% during the week, topping the gainers list; BNBXBT rose 363%; BINK gained 332%; Mubarak saw a staggering 175,000% increase in eight days.

For large-cap ecosystem infrastructure tokens, CAKE saw a nearly 60% weekly gain, the ecosystem token Form of Four.meme doubled in price, and Bounce gained 64%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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