BNB Chain outperformed all rivals by processing over $191 billion in DEX volume in 30 days.
Stablecoin activity on BNB Chain rose to $295 billion in transactions and 14.8 million addresses.
Monthly token burns exceeding $1 billion continue to reduce supply and support BNB’s market strength.
Binance Coin has extended its rally past the $765 mark after surpassing key resistance levels. This sharp rise in value, which represents a gain of over 50% from its lowest point this year, has pushed its market capitalization above $103 billion. The surge has been largely driven by significant growth across the Binance ecosystem, particularly in decentralized exchange (DEX) volumes.
Over the past 30 days, BNB Chain has processed more than $191 billion in DEX trading volume. This figure is higher than the combined totals of competing networks, including Ethereum, Solana, Polygon, Arbitrum, and Base. PancakeSwap, one of the leading DEX platforms on the BNB Chain, played a key role in boosting the volume. Weekly activity remained consistently strong, with five consecutive weeks posting over $40 billion in trading.
Stablecoin Activity Reaches Record Highs on BNB Network
The rise in BNB’s price also coincided with a notable increase in stablecoin activity. Data shows the total stablecoin supply on BNB Chain rose by 5% in the past month, exceeding $11.1 billion. The network now hosts more than 14.8 million stablecoin addresses, outpacing Tron. Additionally, over 513 million stablecoin transactions were processed, with a total transaction value above $295 billion.
BNB continues to follow its aggressive deflationary model, burning over $1 billion worth of tokens every month. The goal is to gradually reduce the circulating supply from 130 million to 100 million. This deflationary pressure remains one of the core elements supporting the current price rally.
GENIUS Act Passage Boosts Sentiment Around BNB
Market sentiment turned positive following the signing of the GENIUS Act into law. The bill, which impacts the regulation of stablecoins, benefits networks like BNB Chain that handle large volumes of stablecoin transactions. The law’s implications have further reinforced BNB’s position in the stablecoin and DeFi space.
On the technical side, BNB has broken out of an ascending triangle pattern, rising above the $692 resistance. The token remains above its 50-day and 100-day exponential moving averages. With the ADX indicator rising to 31, the trend shows strength, indicating potential movement toward the $792 level seen in November last year.
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