According to the latest data, the decentralized exchange trading volume of Binance Smart Chain (BSC) has shown explosive growth, with a weekly increase of up to 133%, and the total trading volume has exceeded $55.5 billion, far surpassing Ethereum and Solana's performance. This phenomenon not only highlights traders' preference for low-cost transaction solutions but also suggests a structural shift in the liquidity of decentralized trading markets. This article will delve into the latest performance of various public chain DEXs and their potential impact on the crypto market.
BSC Decentralized Exchange Trading Volume Surges 133%, Performance Varies Across Chains
Binance Smart Chain (BSC) decentralized exchange trading volume last week soared to $55.5 billion, an increase of 133%, far exceeding other competing public chains. During this explosive growth, Solana's DEX activity shrank by 14.84%, while Ethereum maintained steady growth at 20.52%.
Defillama data shows that the decentralized trading landscape is changing. Although Ethereum's weekly trading volume of $19.4 billion demonstrates its continued dominance, BSC's surge indicates that traders are diversifying their cross-chain allocations. Although Solana experienced a decline, its weekly trading volume of $22.8 billion still makes it Ethereum's closest competitor.
BSC Chain DEX Trading Volume Surges 133% to $55.58 Billion, Surpassing Ethereum and Solana
The decentralized exchange trading volume of Binance Smart Chain surged to $55.586 billion last week, with a weekly increase of 133%. This explosive growth shows that traders are turning to low-fee alternatives, despite Ethereum's network effects.
Ethereum's DEX trading volume only moderately grew by 20.52% to $19.413 billion, while Solana dropped by 14.84% to $22.771 billion. This dramatic difference highlights the shifting liquidity patterns in decentralized trading.
Binance Alpha Trading Volume Reaches $1.69 Billion, ZKJ, KOGE, and B2 Lead the Surge
According to @pandajackson42's data, Binance Alpha's trading volume surged to $1.69 billion on May 24th, with ZKJ dominating the market at $1.05 billion in trading volume. KOGE and B2 followed closely with $251 million and $205.9 million respectively.
The platform's liquidity depth continues to attract traders seeking exposure to emerging tokens, beyond traditional top-tier assets. This surge in trading volume reflects the growing institutional interest in alternative crypto markets.
Ethereum Breaks Through $2,700 but Warning Signs of Momentum Exhaustion Emerge
Ethereum rapidly broke through the $2,700 mark, triggering over $50 million in short position liquidations on Binance, but on-chain data shows that bullish momentum is being exhausted. Exchange reserves continue to rise, while whale wallets experience significant fund outflows - a typical divergence often signaling a trend reversal.
The decoupling from Bitcoin's price trend, once seen as proof of ETH's independent strength, now raises sustainability questions. Layer-2 network activity and retail participation indicators are flashing warnings, with ecosystem activity failing to match price increases.
Market technical analysts point out that this round of price increase is mainly driven by short squeeze, rather than organic demand. The breakthrough at $2,700 lacks confirmation from the derivatives market, with open interest and funding rates lower than previous bull market levels.
