BNB Chain Usurps Ethereum in dApp Volume Surge

- Binance's BNB Smart Chain surpasses Ethereum in decentralized app (dApp) volume. - Increased PancakeSwap activity and BNB holder incentives drive shift. On June 12, 2025, Cryptopolitan reported that Binance's BNB Smart Chain (BSC) has overtaken Ethereum in decentralized app (dApp) volume, a development driven by enhanced activity on PancakeSwap and various incentives for BNB holders. The report highlighted that BNB Smart Chain is now the preferred platform for dApp-based on-chain activities. Recent DappRadar leaderboards revealed significant economic activity, with BNB Chain apps reaching over $80 billion in volume in a single day. Additionally, the chain boasts over 697,000 daily active users, surpassing Ethereum's 450,000. PancakeSwap's growth, as the top dApp with over 62,000 daily active users, significantly contributed to BNB Chain's rise. Campaigns, such as airdrop point competitions for Binance Wallet users, have further increased PancakeSwap's volume; moreover, it serves as a key venue for USD1 trading and meme tokens. As activity surged within the Binance ecosystem, its centralized market share expanded to 39%, highlighting a bullish indicator for the broader crypto market, given that historically, a Binance market share above 30% has correlated with positive trends. In addition to this broader market significance, BNB Smart Chain is successfully establishing its own presence in areas like the meme token space, where Solana also has a notable footprint. BNB Chain further bolsters its ecosystem by offering specific incentives for its users, efforts which demonstrate the ecosystem's active work to recover from previous bear markets by engaging both large-scale funds and retail users. According to CoinMarketCap, as of June 12, 21:09 UTC, BNB (BNB) is trading at $653.937, reflecting a -2.134% change.