BNB Pushes Higher Amid Legal Tailwinds and Jump in On-Chain Activity
BNB outperformed broader crypto markets on Thursday, rising 3.8% to trade around $672.40 as sentiment improved following regulatory breakthroughs and a surge in usage across the BNB ecosystem.
The token rallied steadily from an early session low of $646, propelled by renewed investor confidence in Binance’s global compliance efforts. Analysts highlighted that Binance’s proactive engagement with regulators in key regions like the UAE and Singapore is beginning to pay off.
At the same time, on-chain metrics reflected rising demand: BNB Chain processed over 1.2 million daily active addresses — the highest since March — while trading volumes on PancakeSwap and other native protocols rose 26% in 24 hours.
“BNB appears to be regaining investor favor as legal uncertainty fades and real utility drives usage,” said Ava Lin, a DeFi analyst at Kairon Labs. “It’s not just a bounce — this has legs if volume sustains.”
The move came despite a generally sluggish day for crypto, with bitcoin hovering near $101.9K and ether slipping 1.5%.
