$BNB

BNB, the native cryptocurrency of the BNB Chain blockchain (formerly Binance Smart Chain), is showing remarkable strength in the market. In recent weeks, it has experienced a significant rise, reaching new weekly highs and approaching its all-time high.

This momentum is attributed to several factors. Firstly, the BNB Chain continues to expand its ecosystem and capacity. Major infrastructure upgrades are being implemented to increase transaction speed (aiming for 5,000 DEX swaps per second by 2025) and improve efficiency, including a new client based on Rust. Secondly, the ongoing quarterly burns of BNB, a deflationary mechanism, reduce the circulating supply, exerting upward pressure on its price. Finally, the sustained growth of users and activity on the BNB Chain, along with Binance's dominance in trading volume, reinforces investor confidence.