BNB Chain DEX trading volume drops 24% in a week - BNB in trouble?
In general, there are some worrying signs in BNB Chain's recent performance. The main ones include:
1. BNB Chain DEX trading volume fell 24% in a week, significantly lower than Ethereum's 4% drop. This shows that BNB Chain is losing its advantage in decentralized exchange activities.
2. The total locked value (TVL) of BNB Chain smart contracts recently fell to its lowest level since February 2021, showing that investors are looking for other better opportunities. At the same time, the TVL of Ethereum and Solana is growing.
3. The top five DApps on BNB Chain have all shown a sharp decline in the number of active users in the past week. This shows that the economic recession has affected games, equity services, DEX and Web3 applications on the network.
In summary, although some investors believe that BNB prices may rebound to $600 due to the release of CZ, the fundamentals of BNB Chain do not currently support this optimistic expectation. The network is facing a series of problems such as declining trading volume and TVL, which need to be closely watched.
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