Key Points

The BNB Chain activity boost was triggered by memecoins like the recent MUBARAK.
BNB Chain’s main DEX, PancakeSwap has the highest 24-hour trading volume.

The BNB Chain DEX volume surged significantly in the past days, surpassing Solana, according to on-chain data. The surging activity and volume were triggered by memecoins like the recently launched MUBARAK.

BNB Chain 24-Hour DEX Volume

According to official reports from DeFi Llama, the 24-hour DEX trading volume on the BNB Chain surpassed $1.7 billion and has overtaken Solana which is at $1.1 billion today.

The third spot is taken by Ethereum at over $1 billion, followed by Arbitrum at over $348 million.

On March 15, the BNB Chain DEX volume for 24 hours hit $2 billion and was also in the first position for the day with Solana taking the second spot below $1 billion.

The latest surge in activity on the BNB Chain was triggered by memecoins and the most recent one is MUBARAK.

MUBARAK Surpassed $143 Million in Market Cap

The MUBARAK memecoin was launched on March 13 on the BNB Chain via four.meme. Since its launch, the memecoin manage to hit a market cap above $143 million and it’s up by over 290% today.

DEXScreener shows that top traders of the memecoin made hundreds of thousands of dollars trading the coin.

The MUBARAK memecoin is a community takeover of a coin launched on the four.meme platform.

On March 13, Binance’s co-founder, CZ mentioned “Mubarak” via X right after the crypto exchange announced its impressive achievement – getting a $2 billion investment from Abu Dhabi firm MGX, the biggest investment into a crypto company so far, and Binance’s first institutional investment.

mubarak 🌜 https://t.co/RFGoixxlCb

— CZ 🔶 BNB (@cz_binance) March 13, 2025

On the same day, someone posted on X that Mubarak is CZ.

Mubarak means “blessed” or “happy” in Arabic and the word has been posted via X these days as the Arabic community is currently in its holy month, Ramadan.

BNB Chain’s Main DEX, PancakeSwap, Highest 24-Hour Volume

It’s also worth noting that PancakeSwap is now the DEX with the highest volume. It has almost $1.64 billion 24-hour volume, and it’s up by over 11% for the week, according to notes from DeFi Llama.