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The native coin of the BNB Chain, BNB Coin, has reached a new all-time high of $1,370 on Monday, representing an 11% gain in the last 24 hours. The digital asset has increased by more than 46% over the past 30 days and by 135% over the previous year, highlighting its growing market strength amid recent volatility. This increase occurred shortly after the broader cryptocurrency market experienced a massive sell-off on October 11, which wiped out almost $19 billion in market value in a single day.
Following a retracement from its previous high of $1,349 on October 7, BNB price dropped to a daily low of $860 before rebounding to reclaim most of its losses. At the time of writing, the token was trading close to $1,270 and moving toward the $1,400 psychological level. Data from CoinGecko showed BNB’s market capitalization had risen by more than 16% to $188.36 billion, while its 24-hour trading volume surged 77% to nearly $12 billion.
Binance Coin can be supported by on-chain indicators, which indicate strong investor involvement and network activity over the past few weeks. The BNB Chain registered about 59 million monthly active addresses, the highest number of addresses on the network in history, according to TokenTerminal. This expansion implies an increased involvement in the BNB ecosystem by decentralized applications, trading, and staking.
There is also long-term bullish momentum in the futures market data. According to the Taker Cumulative Volume Delta (CVD), which captures the net difference between buy and sell orders, it can be seen that buy orders have dominated the past three months. A positive 90-day CVD is a good indicator of intense purchase pressure and market trust. Analysts consider this an extension of the upward trend in BNB, which is backed by institutional inflows and a broader expansion of DeFi activity on the BNB Chain.
BNB Chain has also recently integrated Chainlink's economic data standard as an additional factor contributing to the asset boom. The collaboration enables official U.S. economic data, such as GDP and the PCE Price Index, to be on-chain, allowing developers to create new classes of digital assets and financial products. This enhancement positively impacts the utility of the BNB Chain, making it one of the primary infrastructure layers of transparent and data-driven decentralized applications.
According to Changpeng Zhao (CZ), the founder of Binance, the organic demand and development of the community are what drive BNB's continued performance, not market intervention. He pointed out that the BNB lacked an external market maker and was deflationary, which reduced the supply, and that a burn occurred periodically. Approximately 30% of the total BNB supply is already staked, which further restricts circulation and enhances stability in the long term.
BNB Coin continues to set new records, thereby solidifying its position as the third-largest cryptocurrency by market capitalization, following Bitcoin and Ethereum. Its constant network growth, accelerated trading, and integration of its ecosystem imply that investors have not lost faith in its long-term fundamentals.
