Record Increase in Binance Smart Chain Transactions: The Wave of DeFi and Meme Coins

Recently, the Binance Smart Chain (BSC) network has experienced record levels of transaction volume due to the combination of decentralized finance (DeFi) projects and the meme coin craze. The daily number of USDT transfers peaked at 19.4 million from 2–3 million levels since May, and this increase has since settled at a persistent level of 10–15 million.

The main reason for this remarkable increase was the strengthening of Binance Smart Chain’s leadership in decentralized exchanges (DEX). Especially, the high demand for Binance Launchpool projects and the significant surge in meme coin investments attracted millions of individual investors to this network, creating historical volume in small but high-frequency trades.

The average transaction fees on BSC remaining at a low level of 0.03 dollars eliminated the entry barrier for small investors. The issuance of over 4.5 billion dollars in new USDT in May provided additional liquidity to the DeFi and meme coin ecosystem, further boosting trading activity. The high transaction volume has made BSC an attractive area for investors.

By trading on the BSC network, investors can not only gain benefits but also increase their interest in DeFi projects and meme coins. However, it is crucial to consider market fluctuations and adopt a careful investment strategy during this process. This period stands out as one filled with opportunities for investors but also requires careful attention.