Decentralized exchanges (DEXs) have been witnessing a surge in popularity in recent times, especially in the wake of U.S. regulators clamping down on centralised exchanges. Statistics from DefiLlama suggest that weekly BNB chain trading volume rose to its highest level in the past year recently, on May 7th, when the volume reached the 5.11 billion USD mark.

This increase in DEXs is being attributed to a few factors, including lower fees on BNB chain and the fact that users might be routed to BNB Chain as a result of having used Binance's centralized exchange. Additionally, crypto index platform Phuture's head of growth, Charles Storry, also observed that many projects look to leverage the Binance relationship, in order to gain traction. Uniswap’s expansion to BNB Chain in the month of March is also said to have played a part in the amount of trading volume that the BNB Chain has been experiencing.

BNB Chain was initially established as Binance Smart Chain by crypto exchange Binance. Although it is still run by Binance, the exchange has transformed it into a community-oriented, decentralized ecosystem over the past year. It offers its users the advantages of both centralized and decentralized exchanges, namely speed and control along with privacy and security. As it continues to gain traction, it is expected that BNB Chain’s trading volume will remain strong for months to come.



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