Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»As Binance TVL approaches $5 billion, BNB barrels surpass $400.
EXCHANGE NEWS

As Binance TVL approaches $5 billion, BNB barrels surpass $400.

By Crypto FlexsMarch 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As Binance TVL approaches  billion, BNB barrels surpass 0.
Share
Facebook Twitter LinkedIn Pinterest Email

Recently, Binance Smart Chain has emerged as the leading layer 1 platform with the largest number of BNB users. Its size also increased noticeably.

An optimistic outlook for the cryptocurrency market as a whole has also contributed to BNB’s success. The recent rise of Bitcoin, which has a market capitalization of approximately $2.3 trillion, exceeding $63,000 suggests that investor confidence has increased.

BNB, TVL reaches $5 billion

The total value locked (TVL) of the BNB chain has steadily increased this year and is now close to $5 billion. It is important to remember that the current upward trend in BNB is what caused the TVL surge.

Source: DefiLlama

According to data from DefiLlama, this represents a notable increase compared to the $3.5 billion reported at the beginning of the year and demonstrates the growing presence of decentralized finance (DeFi) protocols on chain.

According to Crypto Rank data showing the total number of unique users for the top 15 networks, the BNB chain took the top spot at the time of publishing, with 425 million unique users.

Top 15 Blockchains by Number of Unique Addresses@BNBChain – 425M@0xpolygon – 406M@Ethereum – 259M@Trondao – 214M@PhantomFDN – 172 million@optimism – 124M@NEARProtocol – 99M@Base – 65M@Aptos_Network – 27 million@Moonbeam Network – 20M@arbitrum – 17.9 million@avax – 17.7 million… pic.twitter.com/lGYGfjTaea

— CryptoRank.io (@CryptoRank_io) February 28, 2024

The BNB Chain’s on-chain trading volume surged significantly this week, reaching approximately $1.4 billion. According to DefiLlama, this is the largest volume seen in 2024 and the second highest daily volume on the chain in over a year. More activity means more user engagement and more room for the ecosystem to evolve.

Total crypto market cap is currently at $2.214 trillion. Chart: TradingView.com

BNB breaches $400 level.

It is quite notable that the price of BNB has recently risen to levels not seen in several months. As of April 2022, the coin has moved into a previously unobserved price range.

According to 24-hour chart analysis, BNB ended trading at a high level. At the time of writing, there has been a slight decline of less than 1%, but BNB is still trading at $405.

Source: Coingecko

Anticipation of web3 gaming project Portal’s airdrop farming campaign has partially influenced the recent rise in BNB prices. Binance’s Launchpool integration allowed users to participate in Portal’s PORTAL token airdrop, which increased interest and participation in the BNB Chain ecosystem.

Meanwhile, if the price breaks above the resistance of $401, the bulls will regain control and be ready to challenge the market’s resistance of $420 this week. If the price stays the same, BNB coin will be ready to test the $435 upper limit next week.

A notable change in price has been observed despite Binance receiving the most severe criminal penalty in U.S. history. Following the judge’s agreement, the exchange reached a $4.3 billion plea agreement related to charges related to violations of anti-money laundering regulations and penalties.

Featured image from Pexels, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best visa stable coin encryption card

August 1, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

Ether Leeum price rises

July 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit’s Ben Zhou Invites Community To Rewrite Their Own Success In Mid-Year Keynote Livestream

August 4, 2025

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit’s Ben Zhou Invites Community To Rewrite Their Own Success In Mid-Year Keynote Livestream

August 4, 2025

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025
Most Popular

Digital artists from Solana (SOL) transform Art Basel Miami Beach

November 17, 2024

Pick Your Poisson

April 18, 2024

Mudeung Price Prediction: Mudeung Up 39%, But Analysts Say It Could Be the Best Crypto to Buy Right Now

September 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.