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BNB DEX Volume Surpasses Solana for Three Consecutive Days, Trails Only Ethereum


by CoinEdition
BNB Foundation Completes 27th Quarterly Burn of BNB Tokens
  • BSC surpassed Solana in DEX trading volume for three consecutive days, trailing only behind Ethereum.
  • BSC’s volume surged to $1.139 billion, while Solana managed $860.41 million.
  • BNB token prices soared to $592 due to increased trading activity on BSC’s DEX.

Over the past week, Binance Smart Chain (BSC) has emerged as a dominant force in decentralized exchange (DEX) trading, surpassing Solana in trading volume for three consecutive days. According to recent data, BSC’s trading activity ranked second only to Ethereum, highlighting its growing prominence in the crypto ecosystem.

On August 21, 2024, BSC recorded a DEX trading volume of $922.06 million, outpacing Solana’s $703.34 million. This trend continued on August 22, with BSC’s volume surging to $1.139 billion, while Solana managed $860.41 million. By August 23, BSC maintained its lead with a volume of $908.71 million, compared to Solana’s $846.74 million.

Meanwhile, Ethereum remained the leader in DEX trading volume, with daily figures consistently above both BSC and Solana. However, BSC’s sustained trading activity indicates increasing trader interest and liquidity on the network,…

The post BNB DEX Volume Surpasses Solana for Three Consecutive Days, Trails Only Ethereum appeared first on Coin Edition.

Read the article at CoinEdition

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BNB DEX Volume Surpasses Solana for Three Consecutive Days, Trails Only Ethereum


by CoinEdition
BNB Foundation Completes 27th Quarterly Burn of BNB Tokens
  • BSC surpassed Solana in DEX trading volume for three consecutive days, trailing only behind Ethereum.
  • BSC’s volume surged to $1.139 billion, while Solana managed $860.41 million.
  • BNB token prices soared to $592 due to increased trading activity on BSC’s DEX.

Over the past week, Binance Smart Chain (BSC) has emerged as a dominant force in decentralized exchange (DEX) trading, surpassing Solana in trading volume for three consecutive days. According to recent data, BSC’s trading activity ranked second only to Ethereum, highlighting its growing prominence in the crypto ecosystem.

On August 21, 2024, BSC recorded a DEX trading volume of $922.06 million, outpacing Solana’s $703.34 million. This trend continued on August 22, with BSC’s volume surging to $1.139 billion, while Solana managed $860.41 million. By August 23, BSC maintained its lead with a volume of $908.71 million, compared to Solana’s $846.74 million.

Meanwhile, Ethereum remained the leader in DEX trading volume, with daily figures consistently above both BSC and Solana. However, BSC’s sustained trading activity indicates increasing trader interest and liquidity on the network,…

The post BNB DEX Volume Surpasses Solana for Three Consecutive Days, Trails Only Ethereum appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Things to Avoid in Crypto: Binance Founder Advises Against Panic Selling in Dips

Things to Avoid in Crypto: Binance Founder Advises Against Panic Selling in Dips

Crypto investors are being warned against panic selling as market dips reveal prime b...
DeFi vs. CEX? CZ Says the Winner Is Clear – and It’s Not Centralization

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CZ declared centralized exchanges will eventually lose ground, as DeFi innovations li...