BNB Chain surpassed Solana in daily transaction fees on Feb. 13, 2025, with over $5.8 million in fees, outpacing Solana’s $3.3 million.
BNB Chain surpassed Solana in daily transaction fees on Feb. 13, 2025, with over $5.8 million in fees, outpacing Solana’s $3.3 million. This marks the first time since October 2024 that a blockchain other than Ethereum or Solana led in daily fees, according to Nansen data. This is a significant achievement, especially as it coincides with increased activity across BNB Chain’s ecosystem.
The rise in activity is linked to Binance co-founder Changpeng Zhao's (CZ) post about his dog, Broccoli, which led to the creation of several meme coins named after the dog. One of these meme coins, CZ's Dog (BROCCOLI), saw its market cap soar to over $200 million before dropping to $118 million. The surge in meme coin trading volume drove PancakeSwap, BNB Chain’s decentralized exchange, to outperform all decentralized exchanges in trading volume, reaching over $15.9 billion on Feb. 13.
Meme coins were not the only factor contributing to BNB Chain’s performance. On the same day, the chain saw a rise in active addresses, moving to second place behind Ethereum, though it still trailed far behind Solana's 35.8 million active addresses. BNB Chain had nearly 6 million active addresses over the past week, according to Nansen data.
Additionally, the rise of the “Test” token (TST) on BNB Chain contributed to the fee revenue. TST was originally designed as a tutorial token for the BNB Chain meme coin launchpad but quickly saw a speculative rise in value, reaching a market cap of $500 million before it crashed. Speculative trading, particularly surrounding meme coins, has been a major driver of Solana’s rise in key blockchain metrics like transaction fees, and it appears BNB Chain is benefiting from a similar trend.
The BNB Chain ecosystem’s growth also includes the performance of its native token, BNB, which has risen 15% over the past week. BNB recently overtook Solana’s SOL to become the fifth-largest cryptocurrency by market capitalization. Despite a slight 0.4% drop in the last 24 hours, BNB remains a strong performer.
Looking ahead, BNB Chain’s 2025 roadmap outlines continued support for the meme ecosystem. This strategy highlights the growing role of meme coins in the broader blockchain landscape, with BNB Chain positioning itself as a significant player. While meme coins have often been criticized for their lack of intrinsic value, they continue to play a major role in driving blockchain activity and transaction fees.
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