The decentralized exchange (DEX) trading volume on Binance Smart Chain (BSC) in the past 24 hours has reached $1.637 billion, surpassing Solana ($1.077 billion) by 34%.

The ongoing meme coin frenzy, with several emerging stars, is driving the BSC ecosystem to new heights.

DEX Volume on BSC Increases Sharply

According to DefiLlama data, BSC ranks second in monthly trading volume with $84.3 billion, trailing only Solana ($105 billion). However, in the last 24 hours, BSC recorded a DEX volume of $1.637 billion, overtaking $1.0.77 billion from Solana.

Over the past week, BSC’s DEX volume reached $5.15 billion, while Solana only managed $2.373 billion. Recently, Solana DEX volume hit a Year-To-Date low. This put the SOL price under heavy selling pressure.

This past week, BSC has witnessed the explosion of meme coins such as MUBARAK (up 71%), BROCCOLI (market cap exceeding $101 million), and TST (which hit $500,000 in just a few hours). The influence of CZ, the co-founder of Binance, has created price triggers.

The Four.Meme platform has been an ideal launchpad for promising meme coin projects. In the last 24 hours alone, six tokens from Four.Meme has reached a market cap of over $1 million, far outpacing PumpFun on Solana, where only one token achieved this milestone.

Previously, meme coins helped Solana dominate the DEX space, with a weekly trading volume of up to $56 billion in January 2025. However, the PumpFun saturation and issues like spam bots have led to a decline in Solana’s trading volume in the past week.

Four.Meme’s rapid growth has also brought many consequences. Recently, SlowMist identified a liquidity exploit vulnerability on Four.Meme, affecting its token launch and liquidity pool security. The incident follows a February exploit that resulted in a $183,000 loss, highlighting ongoing security concerns on the platform.

BSC’s overtaking of Solana marks a pivotal shift in the DeFi space. While Solana faces declining trust due to major meme coin crashes like LIBRA, BSC is seizing the opportunity to solidify its dominance. With its current momentum, BSC is emerging as a strong contender to lead the DEX race in 2025.

Blockchain security firm SlowMist has identified a critical liquidity exploit vulnerability affecting four.meme in a recent security advisory.

Launched only recently, four.meme is a meme coin launchpad operating on the BNB chain. This vulnerability has raised significant concerns, given the platform’s prior security challenges.

Exploit Details on four.meme

According to SlowMist, the attacker exploited a specific function within four.meme’s smart contract to purchase some tokens before their official launch. Utilizing the 0x7f79f6df function, the attacker sent these pre-launch tokens to a designated PancakeSwap pair address that had not yet been created.

This maneuver allowed the attacker to establish the pair and add liquidity without transferring the unissued tokens. Thus, they effectively bypassed the transfer restrictions that were active before the token’s official release.

Consequently, the attacker was able to add liquidity at an unintended price, resulting in the theft of pool liquidity.

“…why would the pool be emptied after the platform was fairly launched? If there is such a loophole, do all coins have this risk?,” remarked Wick, a popular user on X.

This is not the first time four.meme has faced security challenges. In February, the platform suffered a significant exploit resulting in a loss of approximately $183,000. The attacker manipulated liquidity by creating a fake liquidity pool on PancakeSwap V3 before the legitimate pool’s opening.

They exploited vulnerabilities within the platform. In response, four.meme temporarily halted liquidity operations and assured users of fund security while implementing stronger protections.

The BNB chain meme coin platform issued an emergency announcement acknowledging a malicious attack. The team promptly intervened to address the issue, suspending the token liquidity pool (LP) launched on PancakeSwap to ensure security.

Implications for PancakeSwap and BNB Chain

The recent exploit on four.meme comes at a time when PancakeSwap, a leading decentralized exchange (DEX) on BSC, has been experiencing significant growth. In February 2025, PancakeSwap reached a trading volume of $81 billion, the highest since 2021, pushing its total cumulative volume beyond $1.1 trillion.

This surge was fueled by BNB Chain’s recovery and the growing interest in meme coins, with PancakeSwap dominating 90% of BNB Chain’s DEX market share.

However, security incidents like the one involving four.meme platform highlights the vulnerabilities within the ecosystem. They also highlight the need for strong security measures to protect user funds and maintain trust in decentralized platforms.

As the popularity of meme coins and decentralized finance (DeFi) platforms continues to rise, ensuring their security and integrity becomes increasingly critical.

Users should also exercise caution and conduct thorough due diligence before engaging with new projects. On the other hand, platform developers must prioritize security to safeguard user assets and uphold the credibility of the DeFi ecosystem.

Pi Network (PI) reached a record market cap of $19.2 billion on February 26, but has since fallen to $9.2 billion as selling pressure mounts.

PI has corrected by 22% over the past two weeks and is down another 8% in the last 24 hours alone. Negative sentiment has grown following a sharp sell-off after the KYC deadline. Here’s a look at the current technical setup and what could come next for PI.

Pi Network DMI Shows Sellers Are In Control

PI’s DMI chart shows its ADX sitting at 18.3, a level it has maintained since yesterday, signaling a weak trend.

The relatively flat ADX reading suggests that the current downtrend lacks strong momentum, but it is still present as the indicator remains below the key 25 threshold.

The Average Directional Index (ADX) measures the strength of a trend, with values above 25 indicating a strong trend and values below 20 suggesting a weak or range-bound market.

Currently, PI’s +DI has dropped to 16.1 from 23 two days ago, while the -DI has climbed to 26.2 from 19.6 yesterday.

This widening gap between the +DI and -DI lines highlights that sellers are regaining control, reinforcing the existing downtrend.

Unless the +DI starts to recover and the ADX rises above 20, PI may continue to face bearish pressure in the short term.

PI CMF Is Still Struggling In Negative Levels

PI’s CMF is currently at -0.14 and has remained in negative territory for the past two days, following a recent peak of 0.15 just four days ago.

This shift marks a clear change in buying and selling dynamics, as the indicator is now at its lowest level in the past week.

The Chaikin Money Flow (CMF) measures the flow of money into and out of an asset, combining price and volume to gauge buying or selling pressure.

A CMF above 0 indicates accumulation (buying pressure), while a CMF below 0 suggests distribution (selling pressure).

With PI’s CMF now at -0.14, this signals that sellers have gained control, adding weight to the ongoing downtrend.

The negative reading may point to continued weakness unless buying volume picks up in the short term.

Will Pi Network Fall Below $1 Soon?

PI has come under pressure in recent days following criticism surrounding the launch of its .pi domains, adding to the negative sentiment that started with a major sell-off after its mainnet migration.

If this corrective trend continues, PI could test the support at $1.23, and a break below this level could push the price under $1.20 for the first time since February 22.

However, if PI price regains positive momentum, it could rebound and challenge the resistance at $1.57. A breakout above this level could open the way for further gains toward $1.82 and $1.98.

If bullish momentum accelerates, PI could potentially break above $2 for the first time since March 1, signaling a significant trend reversal.