BNB Chain Daily Fees Overtake Solana and Ethereum, Leading All Blockchains
BNB Chain daily fees have surged past Solana and Ethereum, making it the top revenue-generating blockchain for the first time since October 2024. On February 13, 2025, BNB Chain daily fees exceeded $5.8 million, significantly outpacing Solana’s $3.3 million and surpassing Ethereum’s total by more than five times, according to Nansen data.
This marks a major milestone, as BNB Chain becomes the first blockchain since Bitcoin’s exceptional performance on October 31, 2024, to lead in daily fees over both Solana and Ethereum.
PancakeSwap’s Role in BNB Chain’s Surge
A key factor in BNB Chain daily fees climbing to record highs is PancakeSwap, the largest decentralized exchange (DEX) on the network. While PancakeSwap operates across multiple chains, most of its trading volume is generated on BNB Chain.
On February 13, PancakeSwap saw the highest trading volume of any DEX across all blockchains, reinforcing its dominance. This surge in DeFi activity has been instrumental in driving up transaction fees on BNB Chain.
“PancakeSwap has always been a core part of the BNB Chain ecosystem,” said Alex Svanevik, CEO of Nansen. “The combination of retail and institutional traders seeking lower fees and faster transactions compared to Ethereum has made BNB Chain a strong competitor in the DeFi space.”
BNB Chain’s Expanding User Base
The increase in BNB Chain daily fees is not just due to DeFi. The network has also seen a sharp rise in user activity. Data from Nansen shows that BNB Chain recently overtook both Tron and Ethereum in daily active addresses, securing second place in this metric.
Over the past seven days, BNB Chain recorded nearly 6 million active addresses, although it remains behind Solana’s industry-leading 35.8 million. This growth suggests increasing user adoption, particularly in decentralized applications (dApps) and gaming.
“BNB Chain’s lower transaction costs and high-speed processing are attracting a new wave of users,” said DappRadar analyst Pedro Herrera. “We’re seeing strong engagement across GameFi and NFT projects on the chain, adding to its momentum.”
The Impact of Memecoins on BNB Chain’s Growth
Memecoins have been a dominant force in the crypto market, and BNB Chain daily fees have benefitted from the trend. On February 9, 2025, BNB Chain ranked second in blockchain fee revenue, only trailing Solana. One of the biggest contributors to this was the viral rise of the Test (TST) token.
TST was originally created as a tutorial token for BNB Chain’s memecoin launchpad, Four.Meme. However, traders quickly latched onto its name, leading to speculation that drove its market cap to an astonishing $500 million before crashing. This frenzy led to a surge in network activity, temporarily boosting BNB Chain daily fees.
Memecoins, often dismissed as speculative assets with no real utility, have ironically emerged as one of crypto’s most popular use cases. Even world leaders have been linked to the trend, with former U.S. President Donald Trump endorsing meme tokens.
BNB Chain vs. Solana: A Battle for the Meme Economy
Solana has long been the dominant blockchain for memecoins, with speculative trading playing a significant role in its high transaction volumes and fee generation. However, BNB Chain has begun challenging Solana’s supremacy in this area.
In its 2025 roadmap, BNB Chain pledged greater support for meme-based projects, indicating that the battle for dominance in this segment is far from over. If BNB Chain can continue to attract memecoin developers and speculative traders, its recent lead in BNB Chain daily fees could be more than a short-term anomaly.
BNB’s Price Surge and Market Position
The native token of BNB Chain, BNB, has seen a strong rally alongside the rise in BNB Chain daily fees. Over the past week, BNB’s price has jumped by 15%, reflecting growing investor confidence in the chain’s long-term potential.
BNB is used not only for transaction fees on the blockchain but also within Binance’s exchange ecosystem. The token recently overtook Solana’s SOL to become the fifth-largest cryptocurrency by market capitalization.
“BNB Chain’s ability to generate high fees consistently is a bullish sign,” said Messari researcher Ryan Selkis. “It shows strong network demand and a willingness of users to pay for transactions, which is a key metric for long-term blockchain success.”
What’s Next for BNB Chain?
As BNB Chain daily fees continue to rise, the blockchain is positioning itself as a formidable competitor to Solana and Ethereum. The combination of growing DeFi activity, increased user adoption, and a booming memecoin sector suggests that BNB Chain is no longer just a Binance-affiliated project—it’s becoming a major player in its own right.
With ongoing ecosystem development and strong community engagement, BNB Chain’s recent success may only be the beginning of a larger shift in the blockchain hierarchy.
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