According to the latest "Q1 2025 Cryptocurrency Asset Return Report" published by the XBIT Research Institute, BNB has achieved a compound return rate of 284% year-to-date in 2024, outperforming Bitcoin's 183%. This impressive data indicates that the value capture ability of the BNB ecosystem is significant. Its success is not only supported by the dividends from centralized exchange (CEX) platforms but has also opened up new avenues for growth through emerging on-chain ecosystems.
The XBIT report emphasizes that BNB's deflationary mechanism is the core support for its "A resiliency against decline". As of January 2025, the circulation of BNB has been reduced to 142 million coins, with an annual deflation rate of 4.77%. This bears similarities to the share buyback practices of publicly listed companies in the United States, optimizing shareholder equity and boosting market confidence. In contrast, other mainstream assets, such as Bitcoin, are constrained by a fixed supply limit and cannot be dynamically adjusted, while Ethereum still faces inflation issues after its transition to POS. This "proactive deflation" structure allowed BNB to experience a maximum drawdown of only 18.4% during the liquidity crisis in August 2024, outperforming most mainstream coins.