BNB Foundation Conducts $1B Token Burn, Breakout to $BNB $853?
BNB Foundation has completed its latest scheduled burn, permanently removing 1.6 $BNB from circulation -million equivalent to approximately $1 billion.
This operation is part of BNB Chain's ongoing automatic burn mechanism, aimed at gradually reducing the total supply to 100 million tokens.
CZ backs a new BNB treasury firm aiming to go public in the U.S.
Managed by 10X Capital, it boosts institutional BNB access as whales quietly accumulate.
Week in BNB Chain: Meme Coin Boom & Fast Finality Upgrade.
BNB +7.4% this week! MemeCore surges 249%! Fast Finality cuts confirmations to <4s! Kraken brings xStocks on-chain!
Let's dive into BNB Chain's rally.
1/6
Market Overview
BNB Chain market cap jumps 7.4% to $178.8B as Bitcoin eyes $115K. DEX volume leads all L1s combined, daily active users neck-and-neck with Tron, and tx counts second only to Solana. TVL lags at +2.2% vs. Ethereum's 8.1%.
2/6
Fast Finality Upgrade.
On July 8, Binance rolled out BNB Chain's Fast Finality, slashing avg. block confirmation to under 4 seconds, a speed-up of 83%. Now, DApp, bridge, and withdrawal settlements are near instant across the ecosystem. 3/6
xStocks Integration
On July 9, Kraken and Backed Finance launched xStocks on BNB Chain, enabling 24/7 on-chain trading of tokenized U.S. equities like Apple and Nvidia. This marks a big step for real-world asset infrastructure on BNB.
4/6
Meme Coin Surge
X@MemeCore_ORG leads with +248.7%, followed by SOLO +56.3%, BANANAS31 +52.1%, REKT +32.2%, and LA +28.8%.
Meme trading now drives the highest DEX volumes, while Al and infra tokens like HFT (-36.8%) and AIC (-17.2%) underperform. 5/6
Key Takeaways
Monitor memecoin flow for persistent
DEX volume leadership
◆ Track adoption of Fast Finality across DApps and bridges
◆ Watch xStocks trading volumes as RWA use cases expand
Stay informed, stay ahead: