BNB Breaks $1,280 Mark as Blockchain Transactions Spike

BNB, the native token of the BNB Chain, climbed above $1,280, up more than 5% in 24 hours, driven by rising blockchain activity and growing institutional interest.

The BNB Chain reported a record 58 million monthly active addresses, surpassing Solana’s 38.3 million, according to TokenTerminal. Much of this growth is fueled by the newly launched decentralized exchange Aster, which saw its total value locked (TVL) soar over 500% to $2.4 billion, according to DeFiLlama.

The surge in BNB’s price coincided with trading volumes exceeding the 24-hour average, reflecting strong market participation and demand for the token.

The rally also follows a new partnership between BNB Chain and Chainlink, aimed at bringing official U.S. economic data on-chain, providing greater transparency and utility for decentralized applications.

BNB has outpaced the broader crypto market, with the CoinDesk 20 (CD20) index rising only 0.3% over the same period.

The broader rally occurs amid U.S. economic uncertainty, including a partial government shutdown that has delayed economic data. Traders are now pricing in a 25-basis-point rate cut by the Federal Reserve later this month, adding further support to risk assets like cryptocurrencies.