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BNB Continues Rally as Network Activity Accelerates
BNB Coin extended its powerful bull run this week, hitting fresh highs as core Binance Smart Chain (BSC) metrics accelerate. The token has posted a dramatic recovery since 2023 lows, and a combination of rising transaction volumes, expanding total value locked (TVL), higher network fees and scheduled token burns is underpinning bullish sentiment among traders and investors.
Key on-chain gains and market snapshot
BNB jumped to roughly $1,190 — a gain of about 478% from its 2023 bottom — pushing market capitalization past $162 billion and cementing its position among the top cryptocurrencies by market cap. Third-party analytics show meaningful growth across BSC: active addresses, transactions, DeFi TVL, and fee revenue have all trended higher in recent months.
Binance Coin price chart
On-chain metrics driving the move
Nansen reports the BNB Smart Chain now hosts over 36 million active addresses, rising about 6.1% month-over-month. Transaction activity has surged even more sharply: active transactions climbed roughly 65% in the last 30 days to 413.7 million, signaling stronger user engagement and increased dApp usage on BSC.
DeFi growth, TVL and ecosystem leaders
DeFi Llama data shows TVL on BSC has rebounded to approximately $12.52 billion, up from a year-to-date low below $5 billion. Leading protocols such as PancakeSwap, Lista DAO, Venus and Aster account for a significant share of that value. Growing TVL often correlates with higher fee generation and token utility, reinforcing network effects for BNB.
Tokenomics: burns and deflationary pressure
Deflationary mechanisms are also contributing to bullish expectations. BSC’s recent activity raised network fees by 117% over 30 days to about $24.5 million. In addition, upcoming burns will remove a sizeable number of tokens from circulation — the network will soon burn roughly 1.4 million BNB — tightening supply as the protocol aims to reduce circulating supply toward its 100 million coin target.
Why technicals support higher targets
On the weekly chart, BNB has cleared important resistance levels near $791 and $1,000 and currently trades above major moving averages. Momentum indicators like the Average Directional Index (ADX) and volatility measures such as the Average True Range (ATR) are rising, suggesting sustained trend strength. Taken together, on-chain fundamentals and technicals point toward an extended rally with bulls eyeing a $1,500 resistance target.
Risks and invalidation level
Despite the bullish case, downside risk remains. A decisive move below the psychological $1,000 level would undermine the optimistic outlook and could prompt a shift back to consolidation or correction. Traders should watch liquidity, macro risk sentiment, and scheduled unlocks or policy changes that could affect supply dynamics.
Source: crypto
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