Ecosystem-Focused Rewrite
BNB Strengthens as BNB Chain Sets New Transaction Record and DEX Activity Booms
BNB posted solid gains Monday, buoyed by explosive growth across the BNB Chain ecosystem. The network surpassed 16 million daily transactions, a fourfold increase from earlier this year, according to blockchain analytics firm Nansen.
The upswing in on-chain activity coincides with a surge in decentralized trading. PancakeSwap, BNB Chain’s flagship DEX, processed $2.7 billion in daily volume, pushing total DEX volume on BNB Chain past $104 billion for the month, overtaking Solana and Ethereum, DeFiLlama data shows.
Despite macro tensions stemming from the Israel-Iran conflict, BNB traded resiliently. The token rose to $658 before retracing slightly to $646, with analysts citing strong technical support and institutional interest.
While derivatives open interest dropped 6.9% to $750 million, suggesting some risk-off behavior, the neutral Fear & Greed Index reading of 51 suggests traders remain cautiously optimistic.
