BNB Generates More Fees Than Solana
BNB Chain is the top blockchain for daily fee generation after surpassing Solana.
According to data from analytics company Nansen, on February 13, BNB Chain’s daily fees topped $3.3 million for Solana and surpassed five times Ethereum’s total fees, totaling $5.8 million.
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This accomplishment was the first time the industry’s daily fees were led by a blockchain other than Ethereum or Solana since October 31, 2024. Part of the reason for the increase in BNB Chain’s fee income and trading volume was the speculative trading of meme coins.
Meme coins frequently thought of as having no inherent value have emerged as one of the most well-liked use cases in the crypto industry, drawing interest from a range of people, including President Donald Trump.
The meme coin ecosystem is something that BNB Chain has stated it supports as part of its 2025 roadmap.
The decentralized exchange (DEX) PancakeSwap, which mainly uses the BNB Chain, is responsible for a sizable amount of the fees made on the BNB Chain. The largest trading volume of any DEX across all chains was recorded on February 13 by PancakeSwap.
BNB Chain’s recent spike in daily active addresses, which surpassed Tron and Ethereum to take second place in that category, indicates that the exchange was not the only one experiencing a spike in activity.
BNB with almost 6 million active addresses over the last week, is still lagging behind Solana, which holds a 35.8 million advantage in active addresses.
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