BNB Chain has recently achieved a significant milestone by surpassing Solana in daily fee generation. On February 13, it generated $5.8 million in fees, largely driven by PancakeSwap and a surge in memecoin trading.

This marks the first time since October 2024 that a blockchain other than Ethereum or Solana has led in fees. BNB Chain’s performance outpaced Solana’s $3.3 million and exceeded Ethereum’s fees by more than five times. The increase in activity on BNB Chain is primarily linked to PancakeSwap, which topped all decentralized exchanges in trading volume that day.

Additionally, BNB Chain’s daily active addresses have surpassed those of Tron and Ethereum, ranking second overall. However, its nearly 6 million weekly active addresses still lag behind Solana’s impressive 35.8 million. Speculation around memecoins has significantly contributed to this growth, particularly with the “Test” (TST) token, which reached a $500 million market cap before experiencing a crash. Despite the volatility of memecoins, they continue to dominate the market, supported by endorsements from public figures.

• BNB Chain plans to expand its memecoin ecosystem as part of its 2025 roadmap.
• This expansion aims to further strengthen its position in the decentralized finance sector.

Meanwhile, the native token BNB has increased by 15% to $666.73, making it the fifth-largest cryptocurrency by market cap.

📎 Related coverage from: tokenpost.com