2026-01-06 01:08:21

Recently, there is some interesting data. A well-known DEX aggregator platform released its full-year report for 2025: total swap trading volume reached $214 billion, a 39% increase compared to 2024, with 114 million transactions completed, and the number of transactions grew even more rapidly—more than doubling.

From on-chain performance, Ethereum remains the dominant player, contributing $97.1 billion in trading volume. But the most interesting is BNB Chain, whose trading volume surged to $82.1 billion, nearly a tenfold increase during this period, showing a growth trend clearly stronger than other chains. Arbitrum ranked third, with a full-year trading volume of $13.2 billion, and Base, although smaller in scale, also brought in $8.8 billion.

What does this data reflect? First, user demand for DEXs continues to grow. Second, the multi-chain ecosystem is gradually maturing, with users no longer focusing solely on a single chain but dispersing across multiple chains based on cost, speed, and capital efficiency. From the performance of certain DEXs, the ability to handle such large trading volumes and frequency also indicates that aggregator products are becoming increasingly important in the market.

ETH0,33%

BNB0,5%

ARB0,68%

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ser_ngmi

· 01-07 04:01

BNB Chain's tenfold growth is truly amazing. This multi-chain narrative is finally not just empty talk.

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ColdWalletAnxiety

· 01-06 01:37

BNB Chain has increased tenfold? Oh my goodness, I wish I had heavily invested earlier, now I’m so regretful. ETH is still the big brother, very stable, but BNB’s recent surge is indeed extraordinary. The number of transactions has doubled, indicating that retail investors are becoming more active. It might be another signal of a wave of profit-taking. Aggregators are becoming more important, but I still prefer direct transactions to save on intermediary fees. Although Base is small, it has still brought in 8.8 billion, and this chain definitely has potential. Multi-chain diversification is good, but there are too many wallet addresses, making management a nightmare. DEX is really about to take off; it feels like traditional CeFi days are not going to be easy. What can this data tell us? It just shows that liquidity in the crypto space is becoming more abundant. Behind the doubling of transaction numbers, it’s probably mostly small trades and bots. Arbitrum is only 13.2 billion? Feels like it’s a bit under the radar. On-chain data looks good, but I don’t know how much of it is inflated by fake transactions.

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ChainWallflower

· 01-06 01:32

BNB Chain tenfold growth... It’s really unexpected. Cheap Gas fees are indeed highly impactful. Now everyone is running to multiple chains, which has become the norm. The number of transactions doubled, but the transaction volume only increased by 39%? What does this mean? Small retail investors are just hunting for profits, haha. Aggregators are now truly a necessity. Without them, I wouldn’t even know which chain to swap on. ETH is still the leader, but it feels like the siphoning effect is gradually weakening. The figure of 214 billion sounds huge, but I just want to know how much of that is double-counted... I didn’t expect Base to also start making moves. The underlying public chain race is really heating up. The multi-chain era is here. The single-chain era is already a thing of the past. Users are voting with their feet. Low Gas fees are the best marketing. There’s nothing surprising about BNB’s data. The ones truly making money are always these aggregation platforms—they’ve taken over the entire ecosystem’s traffic dividends.

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CoconutWaterBoy

· 01-06 01:27

BNB Chain multiplies by 10, this data is crazy. Someone said before that CeFi would take over DEX, hilarious. --- 214 billion... Just this scale shows that the industry has really become a sector, no wonder gas fee competition is so fierce. --- Multi-chain decentralization is actually forced, mainly because gas fees and speed push users to run around. --- Aggregators are indeed powerful, one-click trading without having to switch chains manually. This is the true productivity tool. --- Number of transactions doubled but the amount only increased by 39%... indicating more retail players, not large capital entering. --- The BNB data is a bit outrageous, feels like the BSC ecosystem suddenly exploded, it was always being beaten down before. --- Ethereum is still the leader, $97.1 billion is not a problem, but the multi-chain era has truly arrived, no denying it. --- This is why I insist on multi-chain deployment; single chain is no longer the future, brother.

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CascadingDipBuyer

· 01-06 01:19

BNB Chain's 10x growth is quite aggressive; the fee advantage is indeed making an impact. It seems that multi-chain strategies have truly become the standard; no one is going all-in on a single chain anymore. The aggregator has definitely gained an edge in this wave; whoever can integrate well will win. The number of transactions doubling is even more impressive than the growth in transaction volume; small transactions are exploding. Ethereum remains the big brother, but at this rate, BNB will catch up sooner or later.

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GateUser-75ee51e7

· 01-06 01:12

This wave of BNB's surge is truly amazing; a 10x increase is incredible. It seems everyone is mining on the cheap gas chains.

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