Solana & BNB Chain Dominate Blockchain Week 2025: The High-Stakes Showdown You Can’t Miss
Move over, Ethereum—Solana and BNB Chain just stole the spotlight at Blockchain Week 2025. These two speed demons didn’t just show up; they brought the fireworks.
Why the frenzy? Transactions that cost less than your morning coffee and speeds that leave Visa sweating. Meanwhile, the ‘old guard’ chains are scrambling to keep up—funny how decentralization loves a winner-takes-all race.
Behind the hype: Developer activity on both networks hit record highs this week. BNB Chain’s gaming ecosystem now dwarfs most Layer 1s, while Solana’s DeFi TVL quietly flipped three competitors. But sure, keep arguing about ‘true decentralization’ over your $9 artisanal latte.
The closer? This isn’t just tech progress—it’s a brutal reshuffling of crypto’s power players. And for once, the ‘institutional adoption’ slide decks might actually be right.
Deeper Dive Into The Stats
According to data from analytics company Dune, the lion’s share of transaction volume is split between solana and BNB Chain.
The memecoin-popular Solana network is far ahead, holding 59.46% of the volume, followed by the Binance-initiated and now community-led blockchain, BNB Chain, which holds 18.76%. The Justin Sun-founded chain, Tron, is a notable mention in third place, with 4.68% of the transaction volume.
Leading meme coin launchpads, LetsBonk and Pump.fun, are on Solana, likely contributing to the impressive numbers. The latter also recently completed an ICO.
Despite being in second place in transaction volume, BNB Chain holds the lead as the ecosystem with the most decentralized applications (DApps), as noted in a recent BitGet report.
Leaving sheer transaction volume aside, all three blockchains rank in the top 10 in terms of daily active users, as evidenced by data from TokenTerminal. Moreover, Tron recently outpaced ethereum in global USDT transactions by over 5 times.
This demonstrates regular participation from genuine user communities, which is crucial for assessing the credibility of a blockchain ecosystem.
Big Developments for Blockchains and Assets
The First Solana Staking ETF in the US went live earlier this month, exceeding the volumes of futures ETFs tracking the performance of SOL and XRP.
A Spot Solana exchange-traded fund also appears to be fast-tracked for approval, as the SEC has requested S-1 filings by the end of July. These developments do not guarantee the launch of such a product, but are a step in the right direction.
The BNB token, which is the essential power tool behind the BNB Chain, marked its 8th birthday a few days ago, noting significant growth since inception.
Tron’s founder, in the meantime, has been involved in discussions with US policymakers, exploring the role of the network and blockchain technology in government.
