---
title: "BNB Smart Chain DEX volume rises, briefly flips Solana"
url: https://diffcoin.com/bnb-smart-chain-dex-volume-rises-briefly-flips-solana/
description: "BNB Smart Chain's DEX volume briefly flipped Solana after Changpeng Zhao was placed in a halfway house ahead of his eventual release"
published: 2024-08-25
updated: 2024-08-25
author: "Mila"
site: "Diffcoin"
---

# BNB Smart Chain DEX volume rises, briefly flips Solana

Binance’s BNB Smart Chain has seen a big jump in Decentralized Exchange volume activity in the past few days, temporarily flipping Solana.

Data by DeFi Llama shows that its weekly volume rose by almost 40% to $5.4 billion, making it the third-biggest player in the industry.

It flipped Solana (SOL) for three consecutive days, starting from Aug. 21 through Aug. 23 when it handled over $922 million, $1.13 billion, and $908 million, respectively. It has also flipped Arbitrum (ARB), the popular Ethereum layer-2 network.

BSC’s chain gains were short-lived as Solana overtook it on Aug. 24, when the two-handled $725 million and $723 million, respectively.

A deeper dive shows that PancakeSwap (CAKE) had the most volume in the last seven days, handling over $625 million. It was followed by Dodo, Uniswap, and Woofi, whose volume rose by 45%, 60%, and 108%, respectively.

BSC’s gains happened as the Binance Coin (BNB) token rallied, reaching a high of $597.30, its highest point since July 22. At its highest point, it was up by almost 50% from its lowest point this month, making it one of the top-performing top-ten cryptocurrencies.

A likely reason for this price action was news that Changpeng Zhao, Binance’s founder was moved to a halfway house ahead of its next month’s release. He is serving a four-month sentence for violating anti-money laundering laws.

Additional data shows that BSC’s total value locked in Decentralized Finance rose by 7.20% to $4.5 billion, making it the fourth-biggest player in the industry after Ethereum (ETH), Tron (TRX), and Solana, which have $51 billion, $8.7 billion, and $5.35 billion, respectively.

Tron’s network was another top performer as its weekly DEX volume jumped by over 457% to $1.28 billion, helped by the popularity of new meme coins in its ecosystem. All of this volume was in Sun.io, whose Sun Token has surged by over 357% from its lowest point this month.

[Source link](https://crypto.news/bnb-smart-chain-dex-volume-rises-briefly-flips-solana/)