BNB Chain Surpasses Solana in Trading Volume Amid MUBARAK Coin Frenzy

Trading volume on DEX within the BNB Chain network reached $1.637 billion over the past 24 hours, according to Lookonchain. Amid the meme frenzy, the platform surpassed Solana, taking the top spot in this metric.

In the past 24 hours, the DEX volume on #BSC reached $1.637B, surpassing #Solana and ranking first. pic.twitter.com/cpE5TCMgSK

— Lookonchain (@lookonchain) March 17, 2025

On March 16, the “funny coin” MUBARAK caught users’ attention, gaining popularity after Binance founder Changpeng Zhao (CZ) purchased tokens worth 1 BNB (~$600). The ensuing excitement led to the asset’s capitalization rising to $150 million.

CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.https://t.co/0QdzQYfn7A pic.twitter.com/yv6YPuAnXY

— Lookonchain (@lookonchain) March 16, 2025

Previously, CZ mentioned MUBARAK in his commentary regarding a deal with MGX, and also reposted a Binance-created image featuring the project’s mascot, which quickly gained traction in the community.

mubarak ? https://t.co/RFGoixxlCb

— CZ ? BNB (@cz_binance) March 13, 2025

At the time of writing, the meme coin’s price stands at $0.1347, with a daily increase of 266% (data from CoinGecko). 

Earlier, on March 11, analysts at Glassnode reported that the price of SOL fell below its realized value for the first time in approximately three years, with a difference of 8%.