$BNB BNB (Binance Coin) has shown strong performance, recently reaching its highest weekly close at $756.82, a 9.37% gai

n over the past week. It's currently trading around $760-$770, nearing its all-time high of $793.86 from December 2024. This bullish momentum is supported by a yearly high in Open Interest at $1.05 billion, indicating growing investor confidence.

Key drivers include the ongoing deflationary tokenomics with recent massive quarterly burns (e.g., $1 billion burn), significant infrastructure upgrades on BNB Chain aiming for 5,000 DEX swaps per second and 20,000 transactions per second, and strategic partnerships like with Ondo Finance for tokenized U.S. stocks. While some overbought signals exist, the overall outlook remains positive.