As per the latest statistics of DeFiLlama, the trading of decentralized exchange (DEX) on the BNB Chain is growing fast. The chain had between USD 4-6 billion in 24-hour DEX volume, largely due to PancakeSwap. BNB Chain DEXes reached approximately USD 6.05 billion on October 7, 2025, and PancakeSwap took up approximately USD 4.29 billion. Analysts attribute this boom to the trading of memecoins, the introduction of new tokens and increased network usage rates.
It is also reported that, according to CryptoRank, the 24-hour volume of the DEX trading of the BNB Chain reached USD 178 billion, which is more than USD 143 billion of Solana. Such a huge growth is a sign of a rise in dominance in DeFi activity. Although data sources have varying figures, all of them indicate that BNB Chain is winning the majority of its competitors in terms of daily DEX performance. The retail traders pursue high-return tokens amid the memecoin season, which as a result of this growth, leads to the growth wave.
PancakeSwap continues to be the driving force behind the performance of the chain. It owns the largest proportion of DEX traffic in BNB Chain. Its low fees and quick trades appeal to enormous number of users. According to the media reports, most of the daily DEX volume of the chain consists of the pools of PancakeSwap. Memecoins are still in their hype, so PancakeSwap enjoys thousands of new additions and turnover.
There is a claim in circulation that BNB Chain DEXes have passed USD 2 trillion in cumulative trading volume, and USD 0.558 trillion were added this year alone. Nonetheless, open public dashboards do not verify this figure. The visible metrics of DeFiLlama are not presented in this form of a since inception total. Such information may be internal estimates or rounding variations. The $2 trillion claim must be approached carefully until it is officially confirmed on official trackers.
The memecoin boom that has occurred has made BNB Chain a speculative trading venue. There are dozens of viral tokens pushing massive volume each day. Traders continuously switch pools in order to trade momentum waves. This incessant movement maintains a high level of volume in the network and increases the charges to those who provide liquidity. It also increases the risks of scams and rug pulls because most memecoins are unaudited.
Although the overall trend of high activity of DEX is verified, specific totals are not consistent across platforms. Other dashboards do not display all pairs, or show only inactive pools. Analysts observe that the DeFiLlama dashboard is focused on cumulative protocol totals, which might not be equal to custom snapshots in reports. The statement of over 2 trillion is probably driven by more in-depth information that is not apparent in the eyes of the public. However, the trend towards the rapid development of the network is apparent.
The growing DEX system of BNB Chain indicates a good retention rate. PancakeSwap is still in the process of implementing new staking and farming features. Niche tokens also spread smaller transactions. Projects and developers are moving towards BNB Chain with its speed and depth of liquidity. All the active addresses, number of transactions and fresh listings on the ecosystem are a reflection of the surge of the DEX volume.
BNB Chain is booming in its DeFi environment during the memecoin mania. Although not all the figures in the headlines are verified, everything is going towards off-the-chain booming. PancakeSwap is at the forefront of this trend and is taking up the majority of the daily market. The statistics highlight how the hype in the market can speed up the growth of the decentralized trading. Nonetheless, caution should be taken by the users, high volume is usually accompanied by high volatility and risk.
