BNB Surges 2.09% as Token Burn, Hard Fork, and New Partnerships Drive $101B Market Cap

BNBUSDT has experienced a 2.09% price increase over the past 24 hours, with the current price at $693.61 and a 24-hour open of $679.38. The recent price movement can be attributed to several positive developments, including Binance’s 8th anniversary campaign featuring BNB rewards, the successful Maxwell hard fork on the BNB network which improved block times and efficiency, and the completion of the 32nd quarterly token burn that reduced the circulating supply by 1.59 million tokens. Additionally, the announcement of a partnership between BNB Chain and Ondo Finance to enable tokenization of traditional financial assets has contributed to increased investor interest and confidence.

As of mid-day July 16, 2025, BNB maintains a market capitalization of approximately $101.3 billion with a circulating supply of about 150 million tokens and a 24-hour trading volume of $1.24 billion, reflecting strong market activity and continued positive momentum for the week.