Binance-series BNB chains rebounded after the 2023 congestion due to the acceleration of institutional and distributed financing (Defi).
Over the past year, the BNB chain has gained profits from the increase in trading volume of Defi, US Exchange Trad Fund (ETF) and Affiliated Centralized Exchange (CEX) Binance over the past year.
As a result, the default BNB token (BNB) of the blockchain network has emerged as one of the most elastic cryptocurrencies in the market, exceeding its all -time high, despite the falling crypto market in the first quarter of 2025.
“This elasticity is not about price behavior, but also supports strong basics.” WEDSON said, “Binance has built a large ecosystem where BNB is widely used.
Asset Manager Standard Chartered expects the price of BNB tokens to continue to rise, reaching $ 2,775 by the end of 2028. As of May 7, BNB is trading at about $ 600 per coin. According to CoinmarketCap, the market cap is almost $ 8.5 billion.
Meanwhile, Vaneck, an asset manager, proposed the first BNB ETF in the United States on May 5.
relevant: Standard charges predict that BNB will more than doubled in 2025.
Flaw
According to DEFILLAMA’s data, the TVL of BNB Chain in early 2024 increased from about $ 3.5 billion to more than $ 6 billion. In 2022, it was still not fully recovered at an all -time high of $ 20 billion.
As of May 7, BNB Chain ranks fourth in the tvL -1 block chain network.
According to Standard Chartered, BNB chain’s “use case remains almost entirely dispersed (DEX), loan protocol and liquid staying, which is much more focused on the May research memo reviewed by Cointelegrap and a ‘old’ smart contract platform.
According to the asset manager, “This cap has a rising potential, but provides some stability.
According to Defillama, PancakeSwap is one of the biggest Dexs of the BNB chain and is about $ 1.5 billion on tvL.
Institutional adoption
The adoption of institutions is growing in the blockchain network, and performance is partially increasing by the relationship with Binance, a subsidiary of the network.
According to the standard charter, the exchange recorded $ 76 trillion in 2024 in 2024.
In addition, the stable stable stable USD1 supported by Donald Trump was mainly published in the BNB chain. According to BSCSCAN’s data, 99%of USD1 or circular supply was issued in the BNB chain.
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