BNB Chain has demonstrated resilience in the current market cycle, with its native token BNB trading only 10% below its previous all-time high. This performance is notable compared to other major altcoins. Here's a breakdown of how BNB stacks up ¹:
- BNB Performance: Down 10% from its all-time high, showcasing relative strength and stability.
- Comparison to Other Altcoins:
- Ethereum (ETH): Down 63% from its peak.
- Solana (SOL): Down 40% from its peak.
- XRP: Up 19% from its previous high.
- Tron (TRX): Up 49% from its previous high.
BNB's resilience can be attributed to its:
- Strong Ecosystem: BNB Chain supports a massive ecosystem with 5,686 DApps, surpassing Ethereum's 4,987.
- Daily Transactions: BNB Chain processes around 4 million daily transactions, ahead of Ethereum and XRP Ledger.
- Active Addresses: BNB Chain has approximately 1.1 million daily active addresses, beating Ethereum and XRP Ledger.
- Total Value Locked (TVL): BNB Chain ranks third in TVL, with $5.8 billion, behind Ethereum and Solana.
However, BNB Chain's revenue lags behind competitors, with $194 million in fees generated in 2024, compared to Ethereum's $2.5 billion and Tron's $2.1 billion. Despite this, BNB's fundamentals and growing adoption contribute to its resilience in the market.
#BinanceAlphaAlert #BTCRebound
