BNB is currently under pressure for several reasons. First, regulatory scrutiny continues to weigh heavily—Binance (and its U.S. arm) face investigations from the SEC, CFTC, DOJ, and global regulators including France and Nigeria, which has dampened investor confidence and exchange volume . Second, on-chain activity has declined: total value locked on BNB Chain dropped ~11% in early July, along with decreases in DApp and NFT usage . Third, competition from other blockchains (Ethereum, Solana, Avalanche) and concerns about centralization—CZ still holds ~64% of supply—further limit growth potential . These combined headwinds have led to recent price softness and uncertainty around BNB’s near‑term outlook.
