BNB Chain Surpasses Solana in Memecoin Trading Volume

• Lyla Velez
• June 15, 2025

BNB Chain’s success signals a shift in retail enthusiasm towards BNB-based ecosystems amid Solana’s declining trust. PancakeSwap’s surge highlights BNB’s competitive position against Solana in the decentralized finance landscape.

BNB Chain achieved a trading volume of $1.64 billion, surpassing Solana for the first time. PancakeSwap’s activity significantly drove this shift, underscoring BNB’s rising influence in decentralized exchanges. Solana experienced a 28% drop in trading volume, reflecting ongoing scandals affecting market confidence. Justin Barlow from Sei Foundation attributes BNB Chain’s growth to renewed retail interest in its memecoins. The events illustrate a dynamic adjustment in the memecoin market. Traders migrated liquidity to BNB Chain amid Solana’s insider trading repercussions. Historical patterns suggest further movements within memecoin sectors linked to developer sentiment and investor confidence.

“It’s worth noting that PancakeSwap’s recent volume spike likely stems from renewed retail enthusiasm for BNB memecoins. Unlike other ecosystems where meme-related volume has declined over recent weeks, BNB Chain has seen significant growth in this sector.” – Justin Barlow, Head of BD & Investments, Sei Foundation

BNB Chain’s position may strengthen if retail momentum persists. While Solana grapples with confidence challenges, Binance Chain remains a significant player in the market. The episode highlights swift changes typical in DeFi, underscoring competitive dynamics among Layer 1 networks.