BNB Chainannounced extending the Gas-Free Carnival until July 31, 2025, allowing users to enjoy zero-fee transfers for stablecoins, USDT and USD1, across major centralized exchanges and wallets.
BNB Chain Dominates Stablecoin Usage and User Growth
Data from May and June 2025 shows BNB Chain leading all blockchains in stablecoin transaction volume and monthly active users. BNB Chain has over $10 billion in stablecoin market cap.
A large part of this growth is driven by gas-free transfers, which make stablecoins easier and cheaper to use. Since the campaign began in September 2024, BNB Chain has covered more than $4 million in gas fees, removing barriers that typically hinder new users.
Image: BNB Chain
Zero-Fee Transfers via Exchanges and Wallets
The extended campaign focuses on USDT and USD1, the most widely used stablecoins on the network. The program offers:
- Zero-fee withdrawals from major CEXs including Binance, Bitget, HTX, MEXC, and more.
- Gas-free wallet transfers through Binance Wallet, Trust Wallet, SafePal, and other top Web3 wallets.
- Cross-chain gas-free bridging via partners like Celer cBridge and Meson.fi, covering networks such as Ethereum, Arbitrum, Polygon, and Avalanche.
This setup allows users to move their stablecoins with no hidden costs and minimal friction, further fueling adoption.
USD1 Stablecoin Gains Traction
A standout performer in this ecosystem is USD1, the stablecoin launched by Trump-linked World Liberty Financial (WLFI). Over 90% of USD1’s supply is now deployed natively on BNB Chai.
USD1 is part of a broader RWA and stablecoin strategy backed by $100 million in UAE investment, with plans to integrate into commercial payments, treasury systems, and DeFi tools.
DeFi Protocols Amplify Stablecoin Utility
The impact of gas-free transfers goes beyond simple wallet-to-wallet movement. BNB Chain users are now staking, yield farming, and participating in liquidity pools with USDT and USD1 across major DeFi protocols such as:
- PancakeSwap
- Lista
- Aave
- Uniswap
- Kinza Finance
- Thena
- Aster
The result is a full-stack DeFi experience where users can earn yields and manage capital without paying network fees.
PancakeSwap and Memecoins Drive Daily Volume
BNB Chain is also setting records outside stablecoins. Just a few weeks ago, PancakeSwap, its flagship decentralized exchange, posted $2.7 billion in single-day volume and over $104 billion for the month of May 2025, surpassing activity on Solana and Ethereum.
The chain commanded45% of all memecoin DEX volume, overtaking Solana’s once-dominant position. This has pushed daily transactions from 6 million to over 15 million in just a few weeks. Daily active addresses are nearing 2 million, signaling an explosion in user growth.
Institutional Backing Strengthens the Ecosystem
In June, Nano Labs, a China-based Web3 firm, announced a $500 million convertible notes deal aimed at building a $1 billion BNB treasury. With the goal of eventually holding 5–10% of BNB’s supply, the company is betting big on BNB as a long-term reserve asset.
This follows similar plans from Build & Build Corporation, formed by Coral Capital Holdings’ ex-executives, who will manage a $100 million BNB treasury.
Moreover, payment firm Baanx, which works with Mastercard, Visa, and Circle, has now integrated BNB into its Crypto Life Card. This allows users to spend BNB at over 100 million merchants worldwide, marking a major step in mainstream adoption.
