- BNB Chain DEX volume hit a record $178.23B in May, driven by airdrops, campaigns, and surging trader activity across the network.
- Daily volume spiked to $12.329B on June 2, while a 50.07% weekly growth shows renewed momentum in BNB Chain’s DeFi market.
- After a sluggish 2023, BNB Chain’s DEX activity rebounded sharply in 2025, matching early 2021 levels and signaling rising user confidence.
According to Defiliama, BNB Chain’s decentralized exchange (DEX) volume soared in May, setting a new monthly record of $178.23 billion. This historic figure was part of a broader market trend, with total DEX volume across all chains reaching $474.14 billion. It marks the second-highest monthly total on record. The surge came amid the Alpha airdrop and major trading campaigns, which boosted trader activity.
Notably, BNB Chain’s leading DEX alone processed $165.35 billion, breaking its previous all-time high. On June 2, daily volume touched $12.329 billion, signaling strong momentum into June. Over the past 30 days, BNB Chain’s DEX ecosystem saw $177.099 billion in volume. Weekly trading volume grew by 50.07%, reflecting increased participation and liquidity across DeFi platforms.
Trading Evolution from 2020 to 2025
DEX trading on Binance Smart Chain remained low until early 2021. Market activity was minimal, with daily volumes well below $3 billion. However, by mid-2021, trading volume spiked past $12 billion. This sudden rise reflected intense user engagement and strong DeFi interest.
Source: Defiliama
The market dropped after this spike, with volumes ranging from $3 billion to $6 billion. Late in 2021, a second peak appeared, but it was unable to overtake the first. Activity further slowed and volume declined in 2022. Throughout most of 2023, engagement remained low, with daily volumes falling below $1 billion. The lowest point in BSC’s trading history occurred during this time.
Recovery and Momentum in 2025
Mid-2024 brought a shift. Trading volume began rising gradually and gained pace through early 2025. Volume climbed consistently, supported by new protocols, incentives, and improved sentiment.
Moreover, the recent increase in volume has mirrored early 2021 levels. BSC’s DEX market reached another high in mid-2025. A single-day volume again broke the $12 billion mark. These numbers suggest that confidence is returning to DeFi on BSC.
Besides, both weekly and monthly metrics now show sustained growth. This uptrend points to rising token movement and greater user engagement. Hence, BNB Chain’s DEX ecosystem seems poised for continued growth in the second half of 2025.
