updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Blockchain analytics platform CryptoQuant has spotted some spikes in Binance Smart Chain (BSC) USDT
USDT
$1.00
24h volatility:
0.0%
Market cap:
$177.53 B
Vol. 24h:
$132.61 B
transactions. This metric went from a baseline of around 2 million in daily transfers to hit a peak of 19.4 million. In an X post, CryptoOnChain from the analytics platform described the situation as the perfect storm of Decentralized Finance (DeFi) and memecoins.
According to CryptoOnChain, there’s been a dramatic and sustained rally in daily USDT transfer events on the BSC network. He claimed that it started earlier this year, triggered by certain factors. In May alone, BSC recorded the minting of more than $4.5 billion in new USDT. This is sufficient to provide the necessary fuel to support the growing DeFi and memecoin ecosystems.
Surge in BSC USDT Transactions: A Perfect Storm of DeFi and Memecoins
“On-chain data shows an explosive leap from a baseline of 2–3 million daily transfers to a peak of 19.4 million, later stabilizing at a new floor of 10–15 million.” – By @CryptoOnchain pic.twitter.com/aM3dta6wIl
— CryptoQuant.com (@cryptoquant_com) October 7, 2025
Precisely, the analyst explained that the surge did not happen as a result of some isolated phenomenon. Rather, it was a result of a powerful confluence of factors. One of such factors highlighted by CryptoOnChain is the emergence of the BSC network as the dominant hub for Decentralized Exchanges (DEXs).
In Q1 2025, it outperformed both Ethereum
ETH
$4 643
24h volatility:
0.5%
Market cap:
$560.75 B
Vol. 24h:
$42.27 B
and Solana
SOL
$225.8
24h volatility:
3.6%
Market cap:
$123.42 B
Vol. 24h:
$8.42 B
with a DEX volume of over $1.63 billion. As of the time of this writing, BSC’s 24-hour DEX volume is at $4.141 billion, still surpassing SOL and ETH
A significant percentage of this volume can be attributed to the excitement around Binance Launchpool projects, in addition to massive memecoin trading activities. Quite a number of retail users are attracted to the network, leading to unprecedented volume.
Notably, the BSC network has been strategic in its approach, especially with its ultra-low gas fees. It charges as low as $0.03 for its high-frequency transactions. Invariably, this takes away the challenge of entry barriers for retail traders, resulting in significant liquidity injection.
Beyond the BSC network, another hot topic is the crypto’s first and only mine-to-earn meme coin, dubbed PepeNode (PEPENODE). Users have access to a platform where they can take part in virtual mining of memecoins. It conveniently combines the two worlds of memes and mining.
Pending when the token for this project goes live, the PepeNode’s gamified mining system allows users to build rigs, earn rewards, and burn supply. It is only a matter of time before it ranks among the best crypto presales of 2025.
From only $544,648.31 a month ago, the PepeNode project has now raised $1,721,027.2. The price of 1 unit of the token has also moved to $0.0010918. If you want to know what will happen next, on Coinspeaker, you can find PepeNode price prediction.
Current Presale Stats:
Current price: $0.0010918
Amount raised so far: $1,721,027.2
Ticker: PEPENODE
PEPENODE promises as much as 3022% in staking rewards. Purchases can be completed using credit or debit cards, as well as cryptocurrency.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.