1/ @BNBCHAIN has been steadily growing its market share this year, now capturing 7% of REV across top chains.
Yesterday's $2.1B #USD1 launch pushed BNB’s stablecoin float to ≈ $9.3B, inching up on Solana. Let’s unpack what the data tells us ⤵️
2/ Apps on BNB now command 6.5% of market share across top chains—spanning DeFi, gaming, infra & more.
A widening funnel signals healthier, stickier fee generation for the network.

3/ DEX volume by category: Memes dominate volumes (~78%), with stablecoin swaps in second at 12%.
The growth of the meme sector is where BNB appears to be stealing market share from bigger rivals.

4/ Slicing DEX flow by token: BNB and USDT are the most traded assets overwhelmingly at 18% and 21% respectively.

5/ Yesterday BNB added $2B in stablecoin supply with the addition of #USD1.
Issued by Trump-linked @worldlibertyfi, the coin hit BNB via Abu Dhabi’s MGX. Custody by @BitGo, 100% T-bill backing claimed—yet transparency audits remain pending.
6/ USD1 will likely change the stablecoin volume mix, but as of now volumes are still dominated by USDT.

7/ To conclude, BNB Chain is slowly capturing market share from competitors.
The USD1 deal shows that BNB has the firepower to make meaningful deals that will continue to grow the chain.
Subscribe to Blockworks Research to view our full BNB dashboard.
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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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