Binance-Backed BNB Chain Sees Resurgent DEX Volume Amid Market Revival

BNB Chain has recorded its highest daily decentralized exchange (DEX) volume in three months, signaling renewed interest in the Binance-backed blockchain. The surge comes amid ecosystem developments and protocol upgrades, marking a significant turnaround for the network.

BNB Chain DEX Volume Hits 3-Month High Amid Resurgent Market Activity

BNB Chain recorded its highest daily decentralized exchange (DEX) volume in three months, reaching $3.22 billion on May 14. The surge signals renewed interest in the Binance-backed blockchain, fueled by ecosystem developments and protocol upgrades.

While still below its all-time high of $12.99 billion from May 2021, the rebound marks a significant turnaround. Solana outperformed with $4.549 billion in DEX volume on the same day, while ethereum trailed at $2.753 billion.

BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?

BNB price stabilizes above the $640 support level, signaling potential for upward momentum. The cryptocurrency now trades above $655, breaching a key bearish trendline on its hourly chart.

Market observers note similarities with Ethereum and Bitcoin’s recent recoveries. A sustained position above $642 could catalyze further gains, with technical indicators suggesting bullish sentiment.

The MOVE represents a 50% retracement from recent swings between $671 and $642, demonstrating resilience in volatile conditions.

Binance’s Ethereum Reserves Drop By Nearly 300,000 ETH In A Month – Is A Massive Rally Coming?

Ethereum’s dwindling reserves on major exchanges like Binance are fueling speculation of an impending supply shock. On-chain data reveals Binance’s ETH holdings plummeted by 300,000 tokens in just 30 days, dropping from 4.2 million to 3.9 million since mid-April.

The accelerated outflow coincides with ETH trading 50% below its all-time high of $4,878, creating ideal conditions for a demand-driven price surge. Market observers note exchange reserve declines often precede significant rallies, as circulating supply tightens.

Ukraine Finalizes Plans for Strategic Bitcoin Reserve Amid Legislative Push

Ukraine is advancing a draft bill to incorporate Bitcoin into its national reserve assets, signaling a strategic financial maneuver during ongoing wartime economic challenges. The legislation, now in its final stages, is slated for parliamentary review in coming weeks.

Binance has endorsed the initiative while cautioning about potential legal complexities and implementation delays. The proposal deliberately narrows its scope to Bitcoin, avoiding broader cryptocurrency adoption at this stage.

The move underscores Ukraine’s progressive stance on digital assets as it navigates economic uncertainty. Lawmaker Yaroslav Zhelezniak is spearheading the effort to establish what would become one of the first national-level bitcoin reserves by a sovereign state.

Pi Network’s Volatile Surge and Scam Warnings Dominate Crypto Discourse

Pi Network (PI) experienced a dramatic price swing, briefly touching a two-month high before retreating to $0.80 after its team’s much-anticipated announcement fell short of market expectations. The cryptocurrency community had speculated about a potential Binance listing following the exchange’s enigmatic π-themed social media post.

Meanwhile, Shibarium’s marketing lead LUCIE issued sobering warnings about rampant scams targeting crypto investors. Her personal account of being defrauded underscores the persistent risks in this rapidly evolving sector.

Shutter Network Proposes Encrypted Mempool to Combat MEV on BNB Chain

Shutter Network, an open-source protocol, has unveiled a proposal to implement a threshold-encrypted mempool on BNB Chain. The solution aims to eradicate Maximal Extractable Value (MEV) exploits, including front-running and sandwich attacks, while enhancing censorship resistance.

The encrypted mempool WOULD ensure complete protection against malicious MEV tactics by finalizing transaction order before content visibility. It supports both encrypted and regular transactions, reducing opportunities for interference. A decentralized design prevents single-party manipulation or decryption.

This development marks a significant stride in blockchain security, addressing one of DeFi’s most persistent vulnerabilities. The proposal underscores encryption as the definitive safeguard against MEV, potentially setting a new standard for transaction integrity across networks.