BNB Token Holds Strong Amid 4.82% Dip as DEX Volumes Surpass Ethereum, 14M Daily Transactions

BNB is currently trading at $634.22, reflecting a 4.82% decline over the past 24 hours. The recent price drop is primarily attributed to broader market volatility, as seen in the overall crypto market downturn and profit-taking following Bitcoin's approach to an all-time high. Despite this short-term decline, BNB Chain's ecosystem remains active, with decentralized exchange volumes surpassing Ethereum and daily transaction counts reaching 14 million. The current market capitalization is approximately $91.45 billion, and the 24-hour trading volume ranges from $1.47 to $1.74 billion. Technical analysis indicates bullish momentum may resume after recent consolidation, supported by strong fundamentals and high on-chain activity.