Binance Chain Dominates DEX Volume with $19 Billion Weekly Trade

Binance Chain's weekly DEX volume reached $19 billion, making it the highest among major blockchains. This impressive figure was achieved despite relatively modest capital inflows.

PancakeSwap remains the main driver of trading activity on BNB Chain, fueled by retail activity and another wave of memecoin speculation.

However, strong on-chain activity alone does not guarantee higher prices for BNB. Sustained upside will likely depend on whether buyers can break and hold above the $620 to $646 resistance range.