BNB Chain is the leading position in the Stock Exchange (Dex) market by reaching more than 30 %market share. The intense interest of breast coins has given the BNB ecosystem a daily transaction fee per day and accelerated growth. Despite the security vulnerability detected in the BNB ecosystem, Pancakeswap and other DEX platforms perform strongly.
BNB Chain left Ethereum and Solana behind in the Dex market
Binb Chain, which is connected to Binance, managed to leave Ethereum and Solana behind by making a great breakthrough in the decentralized stock market (Dex) market.
In the last week, BNB Chain has increased to the market leader in terms of both transaction volume and transaction fees. According to reports, the network showed significant growth in this process.
Is Solana’s Dex leadership in danger?
In recent months, there has been a major increase in transaction volume in decentralized stock exchanges. Most of this increase was especially caused by breast coin trade and speculative operations. Solana was the most popular blockchain network for Dex activities. But in the last week, Bnb Chain began to threaten Solana’s dominance. BNB Chain said in a statement to beıncrypto:
Since March 15, Dex platforms, built on BSC (Binance Smart Chain), make up more than 30 %of the decentralized stock market market. This reinforces Bnb Chain’s powerful position in the defi ecosystem.
What’s behind Bnb Chain’s rise?
BNB Chain has recently expanded the ecosystem by turning to projects such as the tokens of real world assets (RWA) and artificial intelligence integration. However, his success in the Dex market is considered an important indicator of the change of investor preferences.
Today, the increase in the process volume of breast coin projects on the BNB network has made a great contribution to the superiority of the network in the Dex market. It seems that the BNB ecosystem is gradually gaining confidence among breast coin investors.
Binance announced that BNB Chain has earned $ 1.6 million from daily trading fees as of March 17th. This growth rate left behind the growth rate in the Bitcoin ecosystem in the same period.
Despite the general static appearance on the market, BNB Chain’s rapid growth increases the interest of investors.
Security risk in BNB Chain Ecosystem
Although BNB has achieved growth, there are some safety concerns in the ecosystem.
Today, Blockchain security company Slowmist, a Token Launch Pad, Four.em in Bnb Chain, detected a critical vulnerability. This may cause some investors to be cautious about the decentralized stock market (Dex) market.
However, leading BNB -based Dex platforms such as Pancakeswap continue to perform strong performance. For example, Pancakeswap announced this month that it has reached a transaction volume of $ 80 billion. The stock market said he owed this growth to the recovery of BNB Chain.
Effect of CZ: Breast Coin Rally
Binance’s former CEO Changpeng “CZ” Zhao, after explaining the BNB assets last month, there was a great mobility in the breast coin market. This development increased investor confidence and reinforced BNB Chain’s leadership in the Dex market. All these factors show that BNB Chain will maintain its powerful position in the decentralized finance (defi) ecosystem.
