BNB Sees Modest Rise as Network Speeds Improve and Tokenized Stocks Debut
BNB, the flagship token of BNB Chain, has inched higher, driven by technical advancements and rising enthusiasm for tokenized equities. Over the last 24 hours, BNB has gained about 0.6%, supported by solid trading activity and investor interest in new financial products.
A major catalyst has been the recent Maxwell hard fork, implemented at the end of last month. This upgrade slashed block times from roughly 1.5 seconds to 0.75 seconds, effectively doubling the network’s transaction speed and strengthening its ability to manage periods of intense activity.
BNB Chain now hosts around $6 billion in total value locked, as reported by DeFiLlama, underscoring its position as a fast, scalable platform for decentralized applications.
Momentum has also been fueled by announcements from Kraken and Backed Finance, which plan to launch tokenized versions of well-known stocks such as Apple and Tesla on BNB Chain. These digital assets will be minted as BEP-20 tokens and traded 24/7 in 185 markets outside the United States, opening new avenues for global investors.
Meanwhile, the wider crypto market is showing resilience, with the CoinDesk 20 index rising 2.7% over the past day. The market appears largely undeterred by geopolitical developments, including new tariffs announced by U.S. President Donald Trump, scheduled to take effect on August 1.
Technical charts indicate BNB encountered resistance near $664.20 during early trading, according to CoinDesk Research. Analysts are observing potential accumulation patterns that could suggest institutional buying. However, BNB dipped slightly to around $661.75 late in the session as some traders opted to lock in profits.
The coming sessions will be critical, as traders watch to see whether BNB can break above the $665 to $667 zone—a move that could either propel further gains or spark renewed selling.
