# Bitcoin Surpasses $100,000 as DEX Market Sees Surge in Activity
## TRON Sees 146% Increase; Base and Polygon Post Double-Digit Growth
The cryptocurrency market is buzzing as Bitcoin breaks the unprecedented $100,000 mark, driving bullish sentiment. This week (November 30 to December 6), decentralized exchanges (DEXs) are buzzing with activity, intensifying competition among blockchain ecosystems.
According to on-chain analytics platform DeFi Llama, the first week of December saw DEX trading volumes reaching $103.188 billion, marking a 3.63% increase from the previous week. However, the growth rates varied significantly across different blockchains.
Solana maintained its position as the leader in the DEX market with a weekly trading volume of $31.036 billion, despite a decline of more than 5% compared to the previous week. Consequently, its market share dropped from 36% to 27.48%.
Solana, which recorded its highest-ever trading volume in November, saw a reduction primarily due to the suspension of live streaming services by the meme coin creation platform, Pump.fun.
## Binance Smart Chain (BSC) Sees Surge in Trading Volume with SpringBoard Launch
Conversely, Binance Smart Chain (BSC) experienced a notable 20.9% growth in its trading volume. This boost is attributed to the increased activity on PancakeSwap and the launch of a new platform called SpringBoard. SpringBoard offers a no-code solution, allowing anyone to create tokens without technical expertise.
The anticipation of increased demand for Binance Coin (BNB) pushed its price to a record high of $739. Analysts suggest that if SpringBoard outperforms Solana-based meme coin platform Pump.fun, BNB could potentially surpass $1,000.
## TRON Sees a 146% Surge; Base and Polygon Post Double-Digit Increases
The TRON network recorded a remarkable 146% increase in DEX trading volume this week. This surge is attributed to a 98.51% spike in trading volume on the meme coin platform SUN. TRON’s stellar performance is bolstering its position in the cryptocurrency market.
Coinbase-developed Base also showed stable growth with a 7.29% increase, while Polygon expanded its market presence with a 13.41% rise.
Thorchain made a notable comeback, re-entering the top ten DEX trading volumes. This recovery followed a significant increase in trading volumes after an appellate court ruled that U.S. government sanctions against cryptocurrency mixing services were illegal.
## Intensifying Competition Among Blockchains
The DEX market is witnessing increasingly fierce competition among different chains and platforms. The advances by Binance Smart Chain and TRON highlight the potential for ecosystem expansion, while Solana’s decline emphasizes the need for ecosystem improvements.
With distinct growth and decline trends across various blockchains, the DEX market is poised to remain a central component of the cryptocurrency ecosystem.
