The BNB channel affiliated with Binance rebounded after a period of stagnation in 2023 in the middle of the adoption of institutional and decentralized finances (DEFI).
In the past year, the BNB channel has benefited from the entries of several billion dollars in the DEFI funds, the funds negotiated on the stock market (ETF) and an increase in the commercial volume to an affiliated centralized exchange binance (CEX).
Consequently, the native BNB token of the blockchain network (BNB) has become among the most resilient cryptocurrencies on the market, exceeding the heights of all time in the first quarter of 2025, even if the market of crypto larger trend.
“This resilience is not only a question of price action – of fundamental solids also support it,” said Joao Wedson, CEO of Investing Analytics Platform Alphractal, in an April X Post. “Binance has built a massive ecosystem where BNB is widely used,” added Wedson.
Asset Manager Standard Chartered expects the price of the BNB token to continue to increase, reaching summits of $ 2,775 by the end of 2028. On May 7, BNB is negotiated at around $ 600 per room. It has a market capitalization of almost $ 85 billion, according to CoinmarketCap.
Meanwhile, the director of assets Vaneck offered on May 5 the first ETF BNB in the United States.
In relation: Standard Charterred predicts that BNB will be more than double in 2025
Defi flows
Since the beginning of 2024, BNB Chain TVL has increased from around $ 3.5 billion to more than $ 6 billion, according to Defilma data. He still did not completely recover at peaks of all time of more than $ 20 billion in 2022.
As of May 7, the BNB channel ranked fourth among the layer-1 Blockchain networks by TVL, the data shows.
According to Standard Charted, the use of the BNB chain remain almost entirely on decentralized exchanges (DEX), loan protocols and liquid stretch.
“Although this upward potential of ceiling lights also ensures a certain degree of stability”, according to the asset manager.
Pancakeswap is among the largest DEX in the BNB channel, with around 1.5 billion dollars on TVL, according to Defilma.
Institutional adoption
Institutional adoption increases on the blockchain network, with performances partly motivated by its links with Binance, the Affiliate Cex of the network.
The scholarship has timed a volume of overall negotiation of all time of approximately 76 dollars billions in 2024. It represents around 40% of trading volumes in cash on a global scale, according to Standard Chartered.
In addition, Stallecoin USD1 US President was mainly issued on the BNB channel. BSCSCAN data show that more than $ 2 billion in USD – or 99% of its supply in circulation – were issued on the BNB channel.
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