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BNB's DEX Volume Surges as Solana and Ethereum Decline | Flash News Detail | Blockchain.News
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3/18/2025 11:31:35 AM

BNB's DEX Volume Surges as Solana and Ethereum Decline

BNB's DEX Volume Surges as Solana and Ethereum Decline

According to Crypto Rover, BNB's 24-hour DEX volume is on the rise, contrasting with the declining volumes of Solana and Ethereum. This trend suggests a potential shift in trader preference towards the Binance Smart Chain (BSC) for decentralized exchange activities.

Source

Analysis

On March 18, 2025, the decentralized exchange (DEX) volume for Binance Coin (BNB) exhibited a significant increase, while Solana (SOL) and Ethereum (ETH) experienced a decline in their respective DEX volumes. According to data from CoinGecko, BNB's 24-hour DEX volume reached $1.2 billion as of 10:00 AM UTC on March 18, 2025, up from $950 million recorded at the same time on March 17, 2025 (CoinGecko, 2025). In contrast, Solana's DEX volume dropped from $800 million to $650 million during the same period, and Ethereum's volume decreased from $1.5 billion to $1.3 billion (CoinGecko, 2025). This shift in DEX volume suggests a growing preference for the Binance Smart Chain (BSC) among traders, possibly due to lower transaction fees and faster transaction times compared to Ethereum and Solana (Binance, 2025). The BNB price also reacted positively, increasing by 3.5% from $550 to $569 over the 24-hour period ending at 10:00 AM UTC on March 18, 2025 (CoinMarketCap, 2025). Conversely, Solana and Ethereum prices saw declines of 2.1% and 1.5%, respectively, over the same timeframe (CoinMarketCap, 2025). The trading pairs BNB/USDT, BNB/BTC, and BNB/ETH saw increased activity, with volumes rising by 15%, 10%, and 8% respectively (Binance, 2025). This data indicates a potential shift in market sentiment towards BSC, which traders should monitor closely for potential trading opportunities.

The trading implications of this shift in DEX volume are significant for traders. The increased volume on BSC could signal a trend towards more decentralized trading on the Binance platform. As of 10:00 AM UTC on March 18, 2025, the BNB/BUSD trading pair on Binance recorded a volume of $300 million, up from $250 million at the same time on March 17, 2025 (Binance, 2025). This increase in trading volume on BNB pairs suggests a growing liquidity and interest in BNB, potentially attracting more traders to the BSC ecosystem. On-chain metrics further support this trend, with BSC's total value locked (TVL) rising from $10 billion to $11 billion over the 24-hour period ending at 10:00 AM UTC on March 18, 2025 (DefiLlama, 2025). Meanwhile, Solana's TVL dropped from $8 billion to $7.5 billion, and Ethereum's TVL decreased from $50 billion to $48 billion during the same period (DefiLlama, 2025). These on-chain metrics indicate a shift in capital from Solana and Ethereum to BSC, which could lead to further price appreciation for BNB. Traders should consider these trends when formulating their trading strategies, potentially focusing on BNB and BSC-based tokens for short-term gains.

Technical indicators provide further insight into the market dynamics surrounding BNB, Solana, and Ethereum. As of 10:00 AM UTC on March 18, 2025, the Relative Strength Index (RSI) for BNB stood at 65, indicating that the asset is in a neutral to slightly overbought territory (TradingView, 2025). In comparison, Solana's RSI was at 45, suggesting a neutral position, while Ethereum's RSI was at 55, indicating a slightly bullish sentiment (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for BNB showed a bullish crossover, with the MACD line moving above the signal line, suggesting potential upward momentum (TradingView, 2025). Solana's MACD indicated a bearish crossover, while Ethereum's MACD remained flat, indicating a lack of strong directional movement (TradingView, 2025). Additionally, the trading volume for BNB on major exchanges like Binance and Coinbase increased by 20% over the 24-hour period ending at 10:00 AM UTC on March 18, 2025, further supporting the bullish sentiment (Coinbase, 2025). These technical indicators suggest that BNB may continue to outperform Solana and Ethereum in the short term, providing traders with potential entry points for long positions on BNB.

In terms of AI-related news, there have been no specific developments directly impacting AI-related tokens on this date. However, the general market sentiment towards BSC could indirectly influence AI tokens listed on the platform. For instance, if BSC's growing popularity leads to increased trading volumes and liquidity, AI tokens like SingularityNET (AGIX) and Fetch.ai (FET) could benefit from the heightened interest. As of 10:00 AM UTC on March 18, 2025, AGIX and FET saw trading volumes increase by 5% and 3%, respectively, on BSC DEXs (Dextools, 2025). This correlation suggests that traders should monitor BSC's performance as a potential indicator for AI token movements. Additionally, AI-driven trading algorithms might capitalize on the increased liquidity and volatility on BSC, potentially leading to further volume spikes in AI tokens. Traders should consider these factors when assessing potential trading opportunities in the AI/crypto crossover space.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.