BNB, the native token of the BNB Chain, surged past $1,280, gaining more than 5% in 24 hours, amid a spike in blockchain activity and growing institutional interest.
The BNB Chain reported a record 58 million monthly active addresses, overtaking Solana’s 38.3 million, according to TokenTerminal. A significant driver of this growth is the newly launched decentralized exchange Aster, which saw its total value locked (TVL) increase over 500% to $2.4 billion, according to DeFiLlama.
Trading volumes spiked above the 24-hour average during the rally, signaling broad market participation and strong demand for BNB.
The surge comes alongside the announcement of a partnership between BNB Chain and Chainlink, designed to bring official U.S. economic data on-chain, enhancing transparency and utility for decentralized applications.
BNB has outperformed the broader cryptocurrency market, with the CoinDesk 20 (CD20) index rising just 0.3% over the same period.
The rally occurs amid U.S. economic uncertainty, including a partial government shutdown that has delayed key data releases. Markets are pricing in a 25-basis-point rate cut by the Federal Reserve later this month, supporting risk assets such as cryptocurrencies.
