$BNB Binance Coin (BNB) surged to a new all‑time high of $804.70 (July 23), lifting its market cap above $110 billion, overtaking Solana as the fifth‑largest crypto—supported by rising open interest and funding rates . Key drivers include Binance’s 32nd quarterly token burn on July 10—removing $1 billion) —and the Maxwell upgrade, doubling throughput and slashing block time to ~0.75 s . Institutional ramps are underway: YZi Labs/10X-backed BNB Treasury Company planning a U.S. IPO . Analyst forecasts are bullish—targeting $900+ next and even $1,000 post‑all‑time‑high . With strong on‑chain upgrades, deflationary burns, and institutional interest, BNB's momentum appears robust.