According to Defillama data, the BNB chain surged to its highest daily distributed exchange (DEX) volume in three months, reaching a $3.22 billion deal on May 14th.
This spike shows a prominent revival in Binance-backed blockchain activities, suggesting new market interest amid wider ecosystem development and strategic protocol upgrades.
Revival of trading activities
Crypto entrepreneur Elja Boom flagged the rise in a May 15th post on X. It is far from the all-time high of $129.9 billion registered on May 19, 2021, but represents a significant shift after months of relatively restrained activity.
On the same day, other major blockchains saw mixed performance. Solana is the best, reaching $4.549 billion to edge out the BNB chain and earning Ethereum’s more modest $2.735 billion DEX volume. Meanwhile, the Tron was relatively unshiny and was able to attract around $228.36 million.
DEX volumes are often important in decentralized finance (DEFI) as they provide insight into market activity, liquidity and trader engagement.
Looking at the whole of 2025, Solana’s decentralized exchange changed nearly $36 billion on January 18th, bluishing comparing BSC and Ethereum’s best figures. The former was raked up for $8.45 billion on January 20th, while the latter saw trading activity on DEX on February 3rd, worth around $7.65 billion.
Future upgrades may promote adoption
The recent volume boost in BNB chains has been occurring amid a wider push to modernize infrastructure. As revealed in the February 12 update, the network plans to deploy subsecond block times, gas restaurant transactions and AI-powered tools this year.
These improvements aim to support at least 100 million transactions every day, but make the chain more accessible to mainstream users and developers.
In addition to momentum, Trump-backed World Liberty Financial (WLFI) launched USD1 stubcoin on the BNB chain and Ethereum in early March, with Abu Dhabi-based investment company MGX announced that it would use it to settle its $2 billion in vinance investment.
Rebound could be a sign of a broader trend in capital turnover across the blockchain. Ethereum is Defi’s dominant layer 1 network, with a locked total (TVL) of $609.6 billion, despite a 4.91% decline in the last 24 hours. However, market watchers like Boom believe that rising DEX volumes in the BNB chain could suggest new trust in the platform. As he said, “BNB chain season is back.”
