BNB Chain Shares Top 5 Defi dApps List Based on Last 30 Days of On-Chain Data

On May 27, BNB Chain shared the top 5 Defi dApps list on its ecosystem based on the last 30 days of on-chain data. The data reveals significant traction across top DeFi dApps.

May 27, 2024 – In a recent update, BNB Chain unveiled the top 5 Defi dApps in its ecosystem based on the last 30 days of on-chain data. The figures, shared by BNB Chain, highlight the significant traction across top DeFi dApps.

As of May 27, PancakeSwap, Four Meme, Transit Swap, Aster, and Radiant Capital emerged as the most used applications in the past month. These platforms have seen a surge in activity and user interaction.

This spike can be attributed to retail-friendly tools and low-cost liquidity on BNB Chain, fostering broader participation in DeFi.

PancakeSwap Maintains Lead in Volume and Usage

PancakeSwap remains the leading decentralized exchange (DEX) on BNB Chain. It continues to post the highest user numbers and transaction volumes. In the last 30 days, the platform attracted 922.88K users, marking a 24.73% growth.

It processed 10.75 million daily transactions, a 53.57% increase from the previous period. The exchange recorded a trading volume of $112.4 billion and holds $1.714 billion in total value locked (TVL).

PancakeSwap supports BEP-20 tokens on Binance Smart Chain and has expanded to include ERC-20 assets. Its dominance reflects consistent demand for cross-chain trading with low fees and high liquidity.

Four Meme Clocks Fastest User Growth Rate

Four Meme emerged as a surprise leader, recording the fastest user growth among all dApps. It gained 806.83K users, a staggering 835.82% increase within just one month. Daily transactions rose to 2.28 million, up 115.52% from previous levels. The trading volume reached $468.93 million.

Four Meme offers a no-code platform for launching meme tokens on BNB Chain. Its user-friendly interface allows users to create and deploy tokens without programming knowledge. The platform’s rapid adoption signals strong demand for accessible token issuance tools in the retail crypto space.

Transit Swap Integrates Key Multi-Chain Functions

Transit Swap, a multi-chain DEX aggregator, ranks third in terms of active usage. It recorded 291.59K users in the past month, showing a 20.68% growth. The platform processes 1.2 million daily transactions, with an 18.12% jump in activity.

Transit Swap integrates key features including token swaps, fiat purchases, bridge services, and market trend tracking. It provides real-time price quotes across chains, simplifying asset swaps for users. This broad functionality positions it as a one-stop DeFi access point.

Aster and Radiant Expand Derivatives and Lending Frontiers

Aster and Radiant Capital round out the top five most-used DeFi apps on BNB Chain. ASTR recorded 148.38K users, representing a 492.46% spike in activity. Daily transactions hit 331.01K, up by 115.52%. The decentralized perpetual exchange posted $6.45 billion in trading volume.

It focuses on high-leverage, MEV-free trading with one-click access, making it appealing to both novice and professional traders. Radiant Capital, a decentralized money market protocol, added 199.02K users in the past month, a 10.42% increase. Daily transactions rose to 604.83K, showing a 73.10% increase.

Radiant utilizes LayerZero’s omnichain technology to unify fragmented liquidity across chains. It continues to attract interest from users seeking efficient lending and borrowing solutions across networks.

Next Steps in BNB Chain’s DeFi Journey

BNB Chain’s latest data highlights the increased user interaction with its Defi dApps. Platforms such as Four Meme and Aster are pushing the boundaries of DeFi use cases with their rapid adoption.

Moreover, Transit Swap’s multi-chain features and Radiant’s omnichain capabilities highlight the demand for seamless user experience across protocols. With increasing adoption and diversified platforms, BNB Chain is positioning itself as a central hub in the DeFi landscape.

Developers and investors may follow closely the continued growth of meme coin platforms, perpetual exchanges, and cross-chain liquidity solutions. This momentum signals an evolving market where user needs drive utility and innovation.