After a prolonged period of stagnation, the BNB Chain is making a powerful comeback, according to former Binance CEO Changpeng Zhao. Renewed bullish macroeconomic conditions and significant network upgrades have revitalized the once-declining ecosystem, positioning it for heightened traction in the DeFi space.
đź‘€ BNB Chain was caged for too long. Time to unleash! https://t.co/2KE8CiIDPn
— CZ 🔶 BNB (@cz_binance) February 10, 2025
PancakeSwap’s Dominance in the DEX Market
PancakeSwap, the leading decentralized exchange (DEX) on the BNB Chain, has emerged as the biggest winner in this resurgence. The platform has recorded the highest trading volumes among all DEXs across both daily and weekly timeframes.
Recent data from DeFiLlama indicates a substantial increase in liquidity movement from other blockchains—such as Solana, Base, and Ethereum—into the BNB Chain. DeBridge, a cross-chain interoperability protocol, has also highlighted this growing trend of asset migration toward BNB’s ecosystem.
PancakeSwap currently leads the DEX market with a 24-hour trading volume of $3.028 billion, outpacing Ethereum’s Uniswap ($2.9 billion) and Solana’s Raydium ($1.58 billion). The weekly statistics further highlight PancakeSwap’s dominance, with a staggering $21.2 billion in trading volume, surpassing Uniswap’s $16.93 billion by a significant margin.
Changpeng Zhao: “BNB Chain Just Got Started”
Reacting to the impressive statistics on social media, Changpeng Zhao remarked that while there is no real competition among DEXs, the BNB Chain is only beginning its upward trajectory. The recent surge in activity suggests that the ecosystem could continue expanding, fueled by rising investor interest and enhanced blockchain capabilities.
CAKE Token Surges 108% in a Week
The resurgence of the BNB Chain has also triggered a massive rally for PancakeSwap’s native token, CAKE. Over the past seven days, CAKE has skyrocketed by 108%, reclaiming price levels last seen in December 2024. Within the last 24 hours alone, the token surged 54%, reaching an intraday high of $3.41 before a slight pullback to $2.93.
Meanwhile, BNB, the ecosystem’s primary asset, has reclaimed the fourth-largest cryptocurrency spot by market capitalization. Surging 11.8% in the past day and 22% over the week, BNB now boasts a $100 billion market cap, solidifying its position as a dominant force in the crypto space.
Also Read: BNB Leads Crypto Surge: Will Cardano Follow With a 27% Rally?
As BNB Chain’s revival gains momentum, industry experts anticipate further growth, making it a key player to watch in the evolving DeFi landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
