BNB Chain Dominates Solana in Memecoin Trading Volume

The BNB Chain has surpassed Solana in memecoin trading volume, a sign of growing retail interest and shifting market dynamics within the cryptocurrency ecosystem. PancakeSwap’s recent surge in activity highlights this trend. 13% growth in trading volumes over the past week was driven primarily by memecoin activity on the BNB Chain. This momentum comes as Solana saw a notable drop in trading volume due to reputation issues and decreased user confidence, leading to a 28% decline in overall volume compared to previous weeks. Binance’s CEO hasn’t commented on this shift publicly.