Explosive BNB Chain DEX Volume Raises Eyebrows as ZKJ Dominates Activity

Description

In the last month, the daily decentralized exchange (DEX) volume on the BNB Chain has shot up, nearly 7x from about $2B in early May to over $14B today. At first glance, this spike looks like a return to better days for DeFi. But if you look under the hood, you find another engine powering this move — a single mid-cap token, ZKJ, which has added around 50% of the total DEX volume. ZKJ Outpaces Peers by 68x — But Why? Grasping the scale of DEX dominance by ZKJ takes some doing. Consider this: ZKJ...