BNB Chain has surpassed Ethereum as the leading network for USDT cross-chain transfers since May 2024, with a daily average volume of $5.29 billion recorded over the past 30 days. The shift underscores changing dynamics in blockchain preferences, driven primarily by transaction efficiency and cost considerations.
Over the last month, BNB Chain’s cross-chain transfer volume for USDT increased by 15% month-over-month, while Ethereum’s volume remained stable. This growth highlights BNB Chain’s expanding role in stablecoin transfers, attributable to its scalable infrastructure and significantly lower gas fees compared to Ethereum.
The data reflects a broader trend of users migrating to networks offering optimized performance and cost-effectiveness for stablecoin transactions. The volume divergence signals a reorientation in decentralized finance activity, with participants increasingly favoring high-throughput environments for cross-chain operations.