BNB, the native token of the BNB Chain, surged past $1,280, gaining over 5% in 24 hours as activity on the blockchain accelerated and institutional interest grew.
The BNB Chain reported a record 58 million monthly active addresses, overtaking Solana’s 38.3 million, according to TokenTerminal. The spike in activity is largely attributed to the recently launched decentralized exchange Aster, whose total value locked (TVL) jumped more than 500% to $2.4 billion, according to DeFiLlama.
Trading volumes also exceeded the 24-hour average during the rally, signaling broad market participation and strong demand for BNB.
The price move coincides with a partnership announcement between BNB Chain and Chainlink, which aims to bring official U.S. economic data on-chain, enhancing transparency and utility for decentralized applications.
BNB has outperformed the wider crypto market, with the CoinDesk 20 (CD20) index rising only 0.3% over the same period.
The rally comes amid U.S. economic uncertainty, including a partial government shutdown that has delayed data releases. Traders are pricing in a 25-basis-point rate cut by the Federal Reserve later this month, further supporting risk assets, including cryptocurrencies.
