If we look at the Monthly USD Volume dynamics, the sector has evolved from a niche product in 2023 into an infrastructure handling hundreds of millions of dollars in monthly volume by 2026.
By April 2026, total volume approached ~$660M/month.
And the most interesting part is who actually controls this market.
TRON remains the largest network in the segment, processing $213M in volume in April. However, its market share declined from ~45% in 2023 to ~32% in 2026.
BSC is also losing its share. Binance Chain’s share fell by ~8%, from ~23% in 2023 to ~15% in 2026.
BSC still maintains a strong position largely thanks to:
- the Binance ecosystem;
- cheap on-chain transactions;
- integrations with card providers.
