$BNB Binance Ecosystem Expansion: As one of the largest cryptocurrency exchanges in the world, Binance continues its global expansion, pursuing compliance and diversifying services, attracting more users and increasing demand for BNB. At the same time, the development of Binance Smart Chain (BSC) and its applications in decentralized finance (DeFi) and non-fungible tokens (NFT) have attracted significant investment, driving up the price of BNB.

Impact of the Deflationary Mechanism: Binance repurchases and burns 20% of its platform's net profit in BNB every quarter. This mechanism reduces the total circulation of BNB, increasing the token's scarcity, thereby having a positive impact on its price.

Market Sentiment and Macroeconomic Factors: Recently, the overall sentiment in the cryptocurrency market has improved, and investors' confidence in digital assets has strengthened. At the same time, inflationary pressures in the global economic environment have increased, and loose monetary policies have made cryptocurrencies a hedge choice for some investors, with institutional investors' positioning also providing momentum for the rise of BNB.