BNB Chain tops DEX charts with $14B weekly volume after overtaking Ethereum and Solana

2025-03-22 11:30

How did BNB Chain achieve a $14 billion weekly trading volume?

Why is BNB Chain's zero transaction fee policy effective?

What challenges does BNB Chain face despite its recent success?


BNB 체인, 주간 DEX 거래량 140억 돌파…이더리움·솔라나 추월

Image source: SF49 Studio for Unblock Media

- $14 Billion Trading Volume in the Past Week - The Effects of the Zero-Fee Policy [Unblock Media] The BNB Chain has exhibited a remarkable presence in the decentralized exchange (DEX) market. It recorded a trading volume of approximately $14 billion over the past week, surpassing major blockchain networks such as Ethereum, Solana, and Arbitrum. On-chain fee activity also saw a concurrent rise, drawing renewed attention to BNB Chain's market dominance.
The driving force behind this upward trend is the zero trading fees policy. By eliminating transaction costs and increasing user accessibility, this strategy has shown similar effects in the past, as seen with stock trading platforms. For instance, in November 2024, Meritz Securities made trading fees for domestic and US stocks entirely free, which significantly increased user participation. Within just one month of implementation, deposited assets increased by over 1 trillion won, illustrating how fee policies directly influence trading volume. It is interpreted that BNB Chain's fee incentives have similarly operated effectively. However, a temporary surge in trading volume does not immediately translate to sustained market superiority. To maintain its current position in the competitive blockchain market, BNB Chain must reinforce several key factors. First is technological competitiveness. Recently, Coinbase launched the 'Base' chain, an Ethereum Layer 2 solution, greatly enhancing transaction speed and efficiency. In response, BNB Chain is also proceeding with its own performance improvements and scalability enhancements, and is actively supporting the development of various decentralized applications (DApp) to accelerate the expansion of its ecosystem. Second is the continuous expansion of the user base. While zero fees effectively attract initial users, in the long run, advanced services, user-tailored features, and differentiated rewards structures are necessary. Third is strategic responsiveness to changes in the regulatory environment. BNB Chain is actively collaborating with regulatory agencies in multiple countries, strengthening internal procedures for compliance. Additionally, it is securing investor trust through the transparent disclosure of project progress and financial information, and enhancing understanding of blockchain technology and related regulations through educational programs for users and developers. Ultimately, the success of BNB Chain will not be confined to mere fee reductions. Sustained market superiority can only be achieved through a balanced strategy across the triad of technology, users, and regulation. Zero fees are merely the catalyst; the true contest starts now.
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Article Info
Category
Market
Published
2025-03-22 11:30
NFT ID
308
News NFT detail
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