* BNB Chain's memecoin launch platform Four.meme surpassed Solana's Pump.fun in revenue within 24 hours.
* BNB Chain's daily fees have surpassed $5 million, up from under $500,000 in August.
* This represents an increase of over 1,000%.
* BNB Chain's daily DEX trading volume has soared to over $6 billion, while Solana's volume is approximately $5.5 billion.
* Artemis data shows that BNB Chain has seen net inflows of over $182.6 million over the past three months.
* All of this makes BNB Chain a challenger to Solana and Hyperliquid in the memecoin and perpetual contract verticals, respectively. CZ’s tweet “BNB meme szn” on October 7th. Over the past six months, BNB has surged approximately 133%, far outperforming BTC. Meanwhile, CAKE has also risen approximately 146%, indicating that trading and on-chain activity are returning to the Binance ecosystem. This move also reflects the success of PancakeSwap's token economics, which utilizes a buy-back-and-burn model. The decentralized exchange aims to reduce net supply by approximately 4% annually, funded by platform revenue. The protocol's ultimate goal is to reduce the total CAKE supply by approximately 20% by 2030, one of the clearest deflationary frameworks among major decentralized exchange tokens. BNB Chain's surging decentralized exchange trading volume and user activity clearly helped PancakeSwap achieve its goals.
BNB price chart, October 7
With the increase in user activity, the BNB chain's daily transaction fees have also surged. Transaction fees have soared from less than $500,000 in August to over $5 million on October 8, an increase of more than 1,000%.
BNB chain's DEX trading volume (over $6 billion) has surpassed Solana (approximately $5.5 billion). This is noteworthy, as Solana's trading volume was less than $1 billion in April. The aggressive marketing and incentives are having their intended effect. Net Inflows Artemis data (as of October 7) shows that the BNB chain has seen a net inflow of over $182.6 million over the past three months. In comparison, Solana saw net inflows of over $118 million, and Avalanche saw net inflows of over $41 million.
BNB chain
Telegram has chosen TON as its exclusive blockchain and token for crypto apps and games, prohibiting the integration of other blockchains or tokens. This solidifies TON's position as the central network for Telegram's crypto ecosystem.
CatherineA crypto trader turned $1 million into $116 million in hours by quickly buying the TRUMP meme coin before its official announcement. The trader also made a quick move on the MELANIA coin, raising suspicions of insider knowledge or a well-timed bet.
WeatherlyPhantom faces mounting criticism over security concerns, with users accusing the wallet of neglecting its protocols and offering an inadequate response. The key question: Can Phantom restore user trust and ensure the safety of their funds?
KikyoThe SEC launched a new task force on January 21, 2025, to develop a clear regulatory framework for cryptocurrency. Hester Peirce will lead the initiative, aiming to collaborate with the crypto industry for clearer guidelines.
WeatherlyPresident Trump plans to impose a 10% tariff on Chinese imports by February 1, citing China's alleged role in fentanyl trafficking. He also vows similar tariffs on the EU. As he takes a hardline trade stance, will it bolster his position or fuel economic tensions?
CatherineThree Nigerian fraudsters are accused as the perpetrators of an elaborate scam, using AI-generated images of Brad Pitt to trick a French woman into sending €830,000. The scam is part of a larger wave of cybercrime involving AI and deepfake technology.
JoySanrio partnered with NTT Digital and other companies to launch a wellness-focused campaign using non-transferable NFTs to reward participants for completing wellness tasks. The initiative, part of NTT's Web3 Jam project, combines blockchain technology with real-world activities to enhance engagement and promote health.
AnaisFilmmakers Jonah Tulis and Blake J. Harris interviewed Ross Ulbricht for over 60 hours, exploring the story of the Silk Road founder who became a libertarian and crypto icon. After serving years of a life sentence, Ulbricht’s fate changed when former President Trump commuted his sentence on 21 January. With an upcoming documentary, is a fresh start on the horizon?
CatherineBitwise registered a trust for a potential Dogecoin ETF in Delaware. Dogecoin's price surged following the news.
AnaisRumours about the alleged kidnapping of Ledger co-founder Eric Larchevêque have sparked controversy, with reports dismissing them as a hoax due to a lack of evidence or police confirmation. The launch of the “Justice for Eric” meme coin added to the intrigue but quickly collapsed, highlighting the ongoing challenge of misinformation in the blockchain community.
Kikyo