BNB held its ground on Sunday, floating just under the $700 mark. It closed at $657, slightly softer than last week’s $697 peak. Still, the mood in the Binance ecosystem is anything but subdued.
Why? Because Binance Smart Chain (BSC) just blew past Ethereum and Solana on transaction volumes — and by a mile.
BSC Surges Past Ethereum and Solana Like They’re Standing Still
Here’s what’s catching everyone’s eye: in the past 30 days, BSC processed more than $177 billion worth of transactions across its DeFi protocols. That’s more than Ethereum and Solana combined — and then some.
Ethereum clocked in at $68 billion. Solana came in at $92 billion. That puts BSC comfortably ahead by at least $17 billion. Most of this flood of activity came courtesy of PancakeSwap, BSC’s flagship decentralized exchange (DEX), which alone churned out a staggering $164 billion in volume.
Other active DEXs on the network include:
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THENA
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SquadSwap
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DODO
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And Uniswap, which also operates cross-chain
And here’s the kicker: Ethereum’s reputation for higher gas fees and sluggish transactions is starting to wear thin on users. Solana’s meme coin frenzy hasn’t helped with stability either. That leaves BSC in a sweet spot — cost-effective, fast, and now well-proven under load.
Maxwell Upgrade Could Be a Game Changer for Speed and Cost
There’s more to this story than just transaction numbers. Later this month, BSC is getting a key infrastructure overhaul — the Maxwell hard fork.
What does Maxwell do? In a nutshell, it tightens block production time to 75 seconds. That means quicker confirmations, and a lot more throughput. It also trims down gas fees, which users have been quietly cheering for.
Just last month, the Lorentz upgrade already cut block times in half — from 3 seconds to 1.5. Maxwell builds directly on that momentum.
The idea is simple: catch up to (or surpass) Ethereum’s security and decentralization while outpacing Solana on performance.
And if it all clicks? BNB may not just be a token in a portfolio — it could become the default chain for DeFi developers tired of choosing between price, speed, or reliability.
Price Action Shows Bulls Are Not Letting Go
Technically speaking, BNB’s price setup looks anything but bearish.
It recently bounced off the $505 level and completed a double-bottom formation — one of the most reliable bullish indicators out there. After breaking through the neckline at $645, the coin has been hovering above it, using that level now as support.
Notably, BNB is still trading above its 50-day Exponential Moving Average (EMA), a line it’s refused to drop below since May 8. And that’s important — this EMA is often seen as a dividing line between bullish and bearish territory.
Now zoom in. There’s also a bullish flag formation on the daily chart. This type of pattern often shows up right before a breakout — usually in the same direction as the flagpole. In this case, that direction points up.
The upside target? $793, which would take BNB back to its November highs. That’s a 20% jump from where it’s sitting right now.
Here’s a quick snapshot:
| Indicator | Signal |
|---|---|
| Double Bottom Pattern | Bullish |
| Above 50-day EMA | Bullish |
| Bullish Flag Formation | Breakout potential |
| Key Resistance Level | $793 |
| Support to Watch | $645 |
PancakeSwap Dominates, But Competition Is Heating Up
While PancakeSwap is the undisputed heavyweight in BSC’s DeFi scene, it’s not flying solo anymore.
THENA and SquadSwap have both shown growing volumes, especially with niche communities. DODO’s cross-chain capabilities are bringing in users who want flexibility, not just speed. And even Uniswap — born on Ethereum — is increasingly present on BSC.
Still, there’s no denying the central role PancakeSwap is playing. It accounted for over 92% of BSC’s monthly DEX volume. That kind of dominance can be good — until it’s not. Ecosystem diversity is crucial to keeping a network resilient. So all eyes are now on the upstarts and how quickly they can gain traction.
Ethereum ETFs May Bring Fresh Pressure to Compete
Here’s a twist: while BSC is flying high on metrics, Ethereum might be gearing up for its own rally thanks to the buzz around ETH ETFs. Analysts are already seeing inflows pick up, and that could shift sentiment quickly.
If those ETF inflows accelerate, they could draw developers and investors back to Ethereum despite its cost and speed flaws. So while BSC has the momentum now, the competition is just one catalyst away from getting interesting again.
That said, BNB’s got the tech tailwinds right now. Between network upgrades, huge volume growth, and bullish chart setups, it has the kind of narrative bulls love — clean, fast, and climbing.
