BNB Chain Overtakes Solana in Daily Fees and Dominates Blockchain Market

• BNB Chain surpasses Solana in fees.
• PancakeSwap drives growth.
• Network in constant expansion.

In a recent development that has taken the crypto community by surprise, BNB Chain, the blockchain linked to the Binance exchange, has shown signs that it may be ready to take over the market leadership. In a remarkable feat, BNB Chain has surpassed Solana in daily fees, while also surpassing all other blockchain networks, including Ethereum.

Compliant data Nansen’s BNB Chain generated over $5,8 million in daily fees yesterday, February 13, surpassing Solana’s $3,3 million. This is more than five times the sum of the Ethereum network.

This marks the first time since October 31, 2024, that a blockchain other than Ethereum or Solana has led the industry in daily fees. This significant milestone demonstrates the growth and relevance of BNB Chain in the cryptocurrency market.

One of the main drivers of this success is the PancakeSwap DEX, which is responsible for generating the majority of its trading volume on the BNB Chain. Yesterday, PancakeSwap managed to surpass all other decentralized exchanges across all chains in trading volume, cementing its position as one of the leading decentralized trading platforms in the market.

Additionally, BNB Chain has been showing consistent growth in other areas. The network recently surpassed Tron and Ethereum in daily active addresses, ranking second in this metric, according to data from Nansen.

Another factor contributing to the increased activity on BNB Chain was the growth of the BNB-based memecoin “Test” (TST). The memecoin quickly gained popularity, boosting activity and trading volume on the network.

The success of BNB Chain is a testament to the potential of blockchain technology and the growing demand for innovative solutions in the cryptocurrency market. With its impressive performance and growing relevance, BNB Chain is positioning itself as a major force in the industry.

It is worth remembering that, this week, BNB, Binance's native cryptocurrency, was quoted at US$ 707,12, observing a significant increase of 12% in its value last Wednesday, February 12, 2025. This jump The price action came amid a broader recovery in the cryptocurrency market, driven by a potential pause in the lawsuit between the SEC and Binance, as well as news revealed by Changpeng Zhao, co-founder and former CEO of Binance.

At the time of publication, the price of BNB was quoted at $663,72, down 5.8% in the last 24 hours.