BNB, the native cryptocurrency of BNB Chain and popular for transaction fee discounts on Binance exchange, surged over 5% in 24 hours, breaking the $1,280 barrier to achieve a new all-time high.
This price rally coincides with growing institutional interest and booming blockchain network activity, partially fueled by the recently launched Aster decentralized exchange.
BNB Chain recorded an unprecedented 58 million monthly active addresses, surpassing Solana's 38.3 million according to TokenTerminal analytics. This growth mirrors increasing platform usage closely tied to Aster DEX, which experienced a massive 500% TVL surge to $2.4 billion per DeFiLlama data.
The bullish momentum aligns with the strategic partnership announcement between BNB Chain and Chainlink to integrate official U.S. economic data on-chain.
Trading volumes during the peak rally period significantly exceeded 24-hour averages, indicating substantial underlying market strength.
While BNB outperforms the broader crypto market, the CoinDesk 20 index shows only 0.3% gains over the same period, highlighting BNB's exceptional performance amid overall market optimism driven by Federal Reserve rate cut expectations.