BSC Surpasses Solana DEX Volume as CZ Buys MUBARAK Memecoin
Portfolio Pulse from
BNB Chain's decentralized exchange (DEX) trading volume has surpassed Solana's, driven by the hype around the Mubarak memecoin. Binance founder Changpeng Zhao (CZ) has started investing in memecoins, including MUBARAK and TST.
March 18, 2025 | 11:30 am
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NEGATIVE IMPACT
Solana's DEX trading volume has been surpassed by BNB Chain, potentially indicating a shift in trader preference or interest. This could have a neutral to slightly negative impact on Solana's short-term value.
The surpassing of Solana's DEX volume by BNB Chain may suggest a shift in trader interest, which could negatively impact Solana's short-term value. However, the impact may be limited as it depends on broader market trends.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BNB Chain's DEX trading volume has overtaken Solana's, largely due to the popularity of the Mubarak memecoin. This could positively impact BNB's value as it indicates increased activity and interest in the BNB ecosystem.
The increase in DEX trading volume on BNB Chain suggests heightened activity and interest, which is generally positive for the asset's value. The involvement of Binance's founder in memecoins could further boost confidence and interest in BNB.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80