BNB Targets Breakout Above $700 as DEX Volume Soars 85% in One Week

BNB is showing strong momentum across both its ecosystem and technical indicators. Its DEX volume surged 85% in the past week, sharply outperforming chains like Ethereum and Solana.

Technically, BNB is backed by a bullish EMA alignment, a strong DMI reading, and favorable Ichimoku Cloud signals—all pointing to an active uptrend. While short-term consolidation is possible, current indicators suggest the trend remains in favor of the bulls.

BNB DEX Volume Surges 85%, Outpaces Ethereum, Solana, and Arbitrum

The BNB chain’s DEX ecosystem is showing exceptional strength, with decentralized exchange volume surging over 85% in the past seven days to reach $34.85 billion.

In stark contrast, all other top five chains—Solana, Ethereum, Base, and Arbitrum—have seen their DEX volumes decline by at least 13% over the same period.

Top Chains by DEX Volume. Source: DeFiLlama.

BNB recorded $7.15 billion in DEX volume in the last 24 hours. This shows clear momentum compared to its competitors. PancakeSwap led the activity, processing $8.7 billion in daily volume and $30.84 billion over the past week.

That weekly total is higher than the combined volume of Solana’s top four DEXs—Orca, Meteora, Raydium, and Pump. This highlights BNB’s growing dominance in DeFi.

BNB Enters Strong Trend Zone with Bullish DMI and Ichimoku Alignment

BNB’s Directional Movement Index (DMI) is flashing strong trend signals, with the ADX currently at 33.48—up sharply from 13 just two days ago.

The ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Values below 20 indicate weak or non-trending conditions, while readings above 25–30 confirm a strong trend is in place.

BNB’s surge above 30 suggests the asset has entered a period of high momentum, with traders paying close attention to directional indicators for confirmation.