BNB Chain, the blockchain linked to Binance, has made headlines by leapfrogging Solana in daily fees, according to recent data from Nansen. On February 13, BNB Chain generated a remarkable $5.8 million in daily fees, surpassing Solana’s $3.3 million and even outperforming Ethereum by more than five times. This achievement marks the first time since Halloween 2024 that a blockchain other than Ethereum or Solana has led the industry in daily fees.

A significant contributor to BNB Chain’s success is PancakeSwap, the decentralized exchange (DEX) that operates primarily on BNB Chain but is also active on other blockchains. On the same day, PancakeSwap outperformed all DEXs across every chain, cementing its place as a dominant player in the DeFi space. This surge in activity reflects growing interest in BNB Chain’s ecosystem.

In an interesting twist, Binance co-founder Changpeng Zhao revealed on February 13 that his dog’s name is Broccoli, triggering a flood of memecoins named after his Belgian Malinois. While Zhao clarified that he did not plan to launch any memecoins himself, the event highlights the playful and speculative nature of the crypto space. Despite this, BNB Chain’s activity is not solely reliant on memecoins. The blockchain has been gaining momentum, recently surpassing both Tron and Ethereum in daily active addresses, claiming second place in that category.

The rise of memecoins on BNB Chain has fueled much of the recent surge in activity. A notable example is the meteoric rise and fall of the TST token, which was initially intended as a tutorial for BNB Chain’s memecoin launchpad. After speculation inflated its market cap to $500 million, it quickly crashed, showing the volatility of memecoins.

Also Read: Binance’s CZ Clears the Air on Test Coin (TST) Amid Rising Popularity and Speculation

Despite their lack of intrinsic value, memecoins remain a major trend in the crypto market, with platforms like BNB Chain positioning themselves to support the meme ecosystem in their 2025 roadmaps. As a result, the native BNB token has surged, up 15% over the past week, overtaking Solana’s SOL to become the fifth-largest cryptocurrency by market capitalization.

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