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Home Blockchain

Binance Smart Chain Dominates 24H Activity – $6.05B DEX Volume And $5.57M Fees

by DigestWire member
October 9, 2025
in Blockchain, Crypto Market, Cryptocurrency
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Binance is celebrating a major milestone as BNB reaches new all-time highs around $1,350, marking another chapter in the exchange’s dominance. The price of BNB has surged over 55% since early September, fueled by strong momentum across the broader crypto market. With this latest rally, BNB has overtaken XRP to become the third most valuable cryptocurrency by market capitalization, now standing at $182.1 billion.

The surge comes amid renewed enthusiasm around Binance Smart Chain (BSC), which continues to outperform other networks in decentralized exchange (DEX) activity. Data shows that BSC ranks #1 across all chains, recording billions in daily volume, with PancakeSwap — its flagship DEX — leading the charge. This on-chain strength highlights Binance’s deep ecosystem advantage, combining network efficiency, liquidity, and user engagement at scale.

Analysts attribute BNB’s performance not only to speculative demand but also to real ecosystem growth. As transaction fees, user activity, and staking metrics rise, confidence in Binance’s ecosystem continues to grow. With market sentiment improving and altcoins showing strength, many see BNB’s breakout as a signal of the next phase of the bull cycle, positioning Binance at the center of crypto’s expanding momentum.

BSC Dominates As Binance Narrative Gains Strength

According to Lookonchain, the Binance Smart Chain (BSC) continues to dominate the crypto landscape, ranking #1 among all blockchains in both decentralized exchange (DEX) volume and chain fees. Over the past 24 hours alone, BSC recorded more than $6.05 billion in DEX trading volume and $5.57 million in transaction fees, surpassing competitors like Ethereum and Solana by a wide margin.

Binance Smart Chain daily volume | Source: Lookonchain

This surge in activity coincides with BNB’s strong performance, which recently broke into new all-time highs around $1,350. The token’s rise has reignited enthusiasm around Binance’s expanding ecosystem, reflecting renewed confidence in its scalability and utility. Analysts note that this growth underscores Binance’s position as a central player in the next wave of crypto adoption — combining high transaction throughput, competitive fees, and an increasingly diverse network of DeFi applications.

The Binance narrative has been gaining momentum across the market as investors recognize the growing impact of BSC’s ecosystem. Projects built on BSC, including PancakeSwap, are attracting significant liquidity, while daily user activity continues to climb. This consistent onchain growth highlights how Binance’s infrastructure supports sustainable demand, even in volatile market conditions.

As BNB leads altcoins into new highs, its ecosystem metrics validate the rally’s fundamentals. Increased trading activity, elevated chain fees, and network expansion all signal healthy organic growth, not just speculative hype. With Binance Smart Chain maintaining the top position in DEX volume and user engagement, the data points to a clear shift in market dominance — one driven by Binance’s unique blend of innovation, liquidity depth, and community scale. If this momentum continues, BSC and BNB could define the next leg of the altcoin bull market.

BNB Reaches Parabolic Phase With Record Momentum

BNB is showing one of its strongest performances in years, with the weekly chart confirming a parabolic breakout above all previous highs. The token surged to $1,349 before slightly cooling to around $1,313, marking a 12.5% weekly gain and extending its rally that began near $850 just weeks ago. This move represents a 55% rise since early September, firmly placing BNB in price discovery territory.

BNB showing massive strength | Source: BNBUSDT chart on TradingView

The chart highlights a clear breakout above long-term resistance, supported by growing volume and expanding bullish momentum. The 50-week moving average (blue) has steepened upward and remains well above the 100-week (green) and 200-week (red) moving averages — a strong confirmation of trend acceleration. The price structure also mirrors BNB’s 2021 rally, but with healthier market conditions and broader ecosystem strength.

As long as BNB holds above the $1,100–$1,150 range, the technical outlook remains bullish, with potential upside targets beyond $1,400–$1,500 in the short term. Analysts view this surge as both a technical and fundamental breakout, driven by renewed network activity on Binance Smart Chain and strong investor confidence. With market sentiment turning optimistic, BNB’s chart reflects clear bullish continuation potential as the altcoin bull cycle matures.

Featured image from ChatGPT, chart from TradingView.com

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