#BSC生态活力释放 Binance Coin [BNB] is the sixth largest cryptocurrency by market capitalization at $100 billion, having risen 0.98% in the last 24 hours as of the time of writing, with a trading price of $689.

These gains reflect a slight recovery across the market.

BNB reached an all-time high of $793 in early December. It subsequently attempted to reclaim that level and potentially break through $800, but encountered strong resistance at $722. However, the growing DeFi activity may drive this breakout in the short term. DeFiLlama data shows that the weekly DEX trading volume on the BNB Chain has surged to $17.74 billion, marking a three-year high. The two protocols driving this growth are PancakeSwap and THENA, with their weekly trading volumes increasing by 298% and 111%, respectively.

This rise could be a good sign for BNB, the native token of the blockchain. As more people rely on the network for DEX trading, it could increase demand for BNB and support a price increase.

In addition to the optimistic outlook for the BNB Chain, the token's