BNB Chain DEX Volume Hits $6B as PancakeSwap Dominates Market

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Written by Nausheen Thusoo
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Reviewed By Reviewed By Rekha Sharma
BNB Chain DEX Volume Hits $6B as PancakeSwap Dominates Market

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On October 7, BNB Chain saw a huge spike in activity on its decentralized exchanges, with total trading hitting $6.051 billion. The milestone marks the second-highest daily volume of the year, according to DeFiLlama. The surge was largely driven by a wave of on-chain memecoins capturing traders’ attention. At the forefront was PancakeSwap, the biggest DEX on BNB Chain, which handled nearly $4.29 billion of the total volume in just 24 hours. The numbers show just how powerful memecoins can be in driving short-term excitement and trading frenzy across the network. PancakeSwap’s dominance also highlights its role as the go-to platform for BNB Chain users.

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BNB Chain
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Written by Nausheen Thusoo Multimedia Journalist at Times Crypto

A crypto and finance journalist with over three years of experience turning complex market trends into stories that anyone can understand. With a strong background in covering business, finance, and digital assets, Nausheen has contributed to global media outlets including Reuters and CoinGape. Passionate about the fast-moving world of blockchain and emerging tech, she blends sharp analysis with clear storytelling, making insights valuable for both new readers and seasoned investors.