The BNB Chain sector is on fire, with an across-the-board pump sending its market capitalization (mcap) to an all-time high (ATH).
More than $24.4 billion was added to the sector in one of the best weeks on record.
Much of this growth is attributed to the standout performance of BNB, which added 14.1% this week and briefly tapped a new ATH of $804.
A wave of green was also seen throughout the BNB Chain ecosystem, with some of the best-performing BEP-20 assets adding upwards of 40% week-on-week.
The BNB Chain platform continues to compare favorably with competing L1s.
Per data from Artemis, it leads the competition in terms of daily transaction counts (edging out Solana when discounting vote transactions) as well as on-chain trading volume—regularly clocking in upwards of $9 billion in daily DEX volume.