The BNB chain related to BNB rebound after a period of stagnation in 2023 amid the acceleration of institutional adoption and decentralized (DEFI).
Last year, the BNB chain benefited from the multibillion-dollar flow to the Defi, US exchange-traded funds (ETFS), and increased trading volume in affiliate centralized exchanges (CEX) Binance.
As a result, the native BNB token (BNB) of the blockchain network appeared as among the most elastic cryptocurrencies of the market, which exceeded all times high in the first quarter of 2025 even though the wider crypto market had fallen down.
“This elastic is not just about price action – strong foundations are also back,” Joao Wedson, CEO of the Investing Analytics platform alphractal, CEO, Says In an April X. “Binance has built a massive ecosystem in which BNB is used,” Wedson added.
Asset Manager Standard Chartered hopes that the BNB's token price will continue to rise, up to $ 2,775 at the end of 2028. Until May 7, BNB traces around $ 600 per coin. It has a market capitalization of nearly $ 85 billion, According to In coinmarketcap.
Meanwhile, asset manager Vaneck on May 5 suggested the first BNB ETF in the United States.
Related: The average chartered predicts BNB is more than double in 2025
Defi inflows
Due to the start of 2024, the BNB chain TVL rose from nearly $ 3.5 billion to more than $ 6 billion, According to to data from defillama. It has never recovered at all times as high as $ 20 billion in 2022.
Until May 7, the BNB chain is in the fourth on TVL's layer-1 blockchain network, data displays.
According to Standard Chartered, cases of BNB chain use remains almost completely in decentralized exchange [DEXs]lending protocols, and liquid staking. It makes it a more concentrated and 'old' intelligent contract platform than rivals, “it said in a May Research note reviewed by Cointelegraph.
“While this potential is upside down, it also provides a level of stability,” according to the asset manager.
Pancakeswap is among the largest DEX of the BNB chain, with approximately $ 1.5 billion on TVL, according to Defillama.
Adopting an institution
The adoption of the institution is growing on the blockchain network, with a performance that is partially driven by its relationships with Binance, the affiliate CEX of the network.
The exchange Clocked An all-time high trading volume that was around $ 76 trillion in 2024. It costs about 40% of area trading volumes around the world, according to the Standard Chartered.
In addition, US president Donald Trump supported by Stablecoin USD1 was issued primarily in the BNB chain. Data from BSCSCAN shows that more than $ 2 billion worth of USD1 – or 99% of its rotational supply – is issued to the BNB chain.
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