$BNB

The BNB/USDT pair is capturing significant attention as BNB continues its upward trajectory. Fresh off a record weekly close above $756, BNB is eyeing its all-time high of $793.86. Derivatives data show Open Interest reaching a yearly high of $1.05 billion, signaling strong investor confidence.

BNB's utility within the vast Binance ecosystem and BNB Chain remains a key driver. From discounted trading fees and participation in token sales on Binance Launchpad to gas fees on BNB Smart Chain and staking rewards, its diverse use cases bolster its value. Recent BNB Chain developments, including the 32nd quarterly auto-burn removing $1 billion in BNB, further enhance its deflationary model. Analysts are cautiously optimistic for BNB to push towards the $800-$900 range by year-end.