dApps continue to drive flexibility and real-world applications in the larger DeFi landscape. New data released today by Phoenix Group listed top-performing BNB Chain dApps (decentralized applications) based on their weekly trading volume, UAW (unique active wallets), and balance.
Top BNB Chain dApps by weekly volume
PancakeSwap V3
According to the data, PancakeSwap V3 (CAKE) emerged as the top-performing dApp in the BNB Chain blockchain network. This dApp led by a huge margin as it claimed a whopping trading volume of $54.50 billion recorded over the past week. It also recorded the highest UAW at 153.36K, showing its massive and active user base. Furthermore, its gigantic balance of $676.32 million further highlights its strong liquidity and its core role in the BNB Chain network.
1inch
1inch (1INCH) secured the second position. It registered a weekly trading volume of $11.38 million and its UAW currently stands at 16k. These are indicators showing that 1inch is a major DEX aggregator that optimizes trades for users across different liquidity pools on the BNB Chain.
Uniswap V4
Uniswap V4 (UNI) took the third position with a $9,72 billion weekly trading volume, a balance of $10.61 million, and a UAW of 5.09k. These impressive records show the dApp’s crucial role in the BNB Chain and liquidity provision in the blockchain.
PancakeSwap V2
PancakeSwap V2 (CAKE) settled on the fourth place. It processed a significant weekly volume of $9.07 billion and maintains a bigger UAW of 183.48k than PancakeSwap V3. This indicates that PancakeSwap V2 has a stronger user engagement pattern or consistent activity in particular pools. Its balance currently stands at $69.21 million.
Venus Protocol
Fifth on the list is Venus Protocol (XVS). The lending protocol recorded a $119.53 million weekly volume. Data shows that it holds the highest balance of $713.18 million among all decentralized applications operating on the BNB Chain.
Other major dApps on the BNB Chain
Jumper took the sixth place with a $20.87 million weekly volume and a UAW of 7.30k. Odos (ODOS) followed with a $18.37 million weekly volume and an AUW of 2.42k.
KiloEx (KILO) occupied the eighth spot with a $12.48 million weekly volume. Lastly, Celer Network (CELR) and THORChain wrapped this list with weekly trading volumes of $11.33 million and $10.18 million, respectively.
According to the data, dApps, especially DEXs (such as PancakeSwap and 1inch) continue to power most trading volume and business activity on the BNB Chain. Other dApps like Venus Protocol, Jumper, Odos, KiloEX, Celer network, and ThornChain also bring substantial trading volume to the BNB Chain’s DeFi network.
