Binance’s Q2 Market Share Lifts BNB; Windtree Discloses $200M in Treasury Holdings

BNB climbed to a high of $748 this week before consolidating near $740, rising 2.5% in the past 24 hours amid a broader market uptrend. The rally comes as total cryptocurrency market capitalization surpasses $4 trillion for the first time, signaling renewed investor appetite across digital assets.

According to CoinDesk Research, BNB’s price action reflects both technical momentum and strong underlying fundamentals. Binance — the exchange behind BNB — maintained its lead in Q2, capturing over 35% of global trading volume, as reported by TokenInsight. Despite a slowdown in overall spot activity, BNB’s embedded utility for trading discounts and platform engagement has continued to support demand.

Institutional developments also contributed to the surge. Windtree Therapeutics, a Nasdaq-listed biotech company, announced plans to establish a $200 million BNB treasury. The firm has already secured $60 million through blockchain investor Build and Build Corp., with the remaining $140 million under negotiation. Windtree joins a growing list of corporates — including 10X Capital and Nano Labs — integrating BNB into their treasury management strategies.

On the ecosystem front, BNB Chain released its 2025–2026 roadmap, outlining key upgrades such as higher gas limits and the introduction of privacy-enhancing features. The roadmap also complements initiatives like the Ondo Global Markets Alliance, which seeks to bring tokenized securities — including stocks and ETFs — onto the BNB Chain, signaling a pivot toward institutional-grade infrastructure.

Adding to the bullish narrative, BNB recently completed a $1 billion token burn and marked its eighth anniversary — milestones that continue to reinforce long-term interest despite near-term price resistance around $740.

With institutional demand rising, core utility holding firm, and infrastructure expanding, BNB appears to be evolving from an exchange utility token into a multi-faceted asset at the heart of a growing on-chain financial ecosystem.