BNB Hits $1,280 Record as Chain Activity Surges Past Solana – Here is What’s Driving the Rally
- BNB surged past $1,280 to a new ATH, gaining over 5% in 24 hours as volumes spiked.
- BNB Chain reported 58M monthly active addresses, overtaking Solana, driven by Aster’s $2.4B TVL growth.
- A Chainlink partnership and Fed rate cut expectations add further fuel to BNB’s outperformance.
BNB, the native token of the BNB Chain, surged more than 5% in the past 24 hours to hit an all-time high above $1,280. The rally came as traders noted rising institutional interest and a sharp increase in blockchain activity. During the peak of the move, trading volumes exceeded average 24-hour levels, reinforcing the strength behind BNB’s climb.
Record Chain Growth Overtakes Solana
BNB Chain reported a record 58 million monthly active addresses, overtaking Solana’s 38.3 million, according to TokenTerminal data. Much of the growth is being driven by Aster, a newly launched decentralized exchange that saw its total value locked (TVL) spike more than 500% to $2.4 billion, according to DeFiLlama. The explosion in on-chain activity highlights how new DeFi entrants can accelerate network adoption and directly boost token demand.
Chainlink Partnership Adds Momentum
The rally was also fueled by news of a partnership between BNB Chain and Chainlink to bring official U.S. economic data on-chain. This integration enhances BNB’s positioning in the oracle and data infrastructure space, creating new opportunities for developers and enterprise adoption. The announcement came at a time when the crypto market overall was riding broader optimism, but BNB clearly outperformed the wider CD20 index, which rose just 0.3% in the same period.
Macro Tailwinds Support Risk Assets
BNB’s surge also benefited from wider macroeconomic forces. The ongoing U.S. government shutdown has delayed key economic data releases, raising expectations that the Federal Reserve may cut rates by 25 basis points this month. That shift in outlook has supported risk assets across the board, and BNB, with its strong fundamentals, has been among the biggest beneficiaries.
The post BNB Hits $1,280 Record as Chain Activity Surges Past Solana – Here is What’s Driving the Rally first appeared on BlockNews.
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BNB Hits $1,280 Record as Chain Activity Surges Past Solana – Here is What’s Driving the Rally
- BNB surged past $1,280 to a new ATH, gaining over 5% in 24 hours as volumes spiked.
- BNB Chain reported 58M monthly active addresses, overtaking Solana, driven by Aster’s $2.4B TVL growth.
- A Chainlink partnership and Fed rate cut expectations add further fuel to BNB’s outperformance.
BNB, the native token of the BNB Chain, surged more than 5% in the past 24 hours to hit an all-time high above $1,280. The rally came as traders noted rising institutional interest and a sharp increase in blockchain activity. During the peak of the move, trading volumes exceeded average 24-hour levels, reinforcing the strength behind BNB’s climb.
Record Chain Growth Overtakes Solana
BNB Chain reported a record 58 million monthly active addresses, overtaking Solana’s 38.3 million, according to TokenTerminal data. Much of the growth is being driven by Aster, a newly launched decentralized exchange that saw its total value locked (TVL) spike more than 500% to $2.4 billion, according to DeFiLlama. The explosion in on-chain activity highlights how new DeFi entrants can accelerate network adoption and directly boost token demand.
Chainlink Partnership Adds Momentum
The rally was also fueled by news of a partnership between BNB Chain and Chainlink to bring official U.S. economic data on-chain. This integration enhances BNB’s positioning in the oracle and data infrastructure space, creating new opportunities for developers and enterprise adoption. The announcement came at a time when the crypto market overall was riding broader optimism, but BNB clearly outperformed the wider CD20 index, which rose just 0.3% in the same period.
Macro Tailwinds Support Risk Assets
BNB’s surge also benefited from wider macroeconomic forces. The ongoing U.S. government shutdown has delayed key economic data releases, raising expectations that the Federal Reserve may cut rates by 25 basis points this month. That shift in outlook has supported risk assets across the board, and BNB, with its strong fundamentals, has been among the biggest beneficiaries.
The post BNB Hits $1,280 Record as Chain Activity Surges Past Solana – Here is What’s Driving the Rally first appeared on BlockNews.
Read More