BNB Coin’s Meteoric Rise & Why Is It A Must-Watch
By Ruchi Sharma
The coin we’re talking about is an all-rounder in every sense… it has 3 core blockchains in its network, the largest crypto exchange, and a strong native coin. The ecosystem is experiencing incredible developments and constantly hitting new milestones. This is why you should keep an eye on this coin. We’re talking about the BNB Chain and its coin, BNB.
BNB is currently ranked 5th among top cryptocurrencies with a market cap of $88 billion. Its circulating supply is 142.4 million BNB, and as of March 25th, BNB’s price is $625. Recently, BNB has experienced a significant surge, and there are several reasons boosting its ecosystem, such as:
- The largest DEX on BNB, PancakeSwap, saw trading volume rise by 156%, now ranking third.
- Binance launched its Pascal Hard Fork on the BNB Smart Chain.
- The memecoin BUBB$BUBB, built on the BNB Chain, surged 517% in 24 hours.
- Binance Wallet hit $90.5 million in daily trading volume on March 18, up 24x from early March.
In the past 24 hours, PancakeSwap’s trading volume rose by 156%, reaching $2.1 billion. It’s now ranked 3rd in crypto earnings. One reason for this surge is PancakeSwap’s CAKE token, which increased by 40% to $2.89. Additionally, PancakeSwap’s TVL (Total Value Locked) saw an 8.7% jump.
Recently, Binance launched its Pascal Hard Fork, aimed at increasing speed, reducing fees, and improving compatibility with the Ethereum universe. Another highlight is the memecoin BUBB$BUBB, which surged 517% in 24 hours after being listed on Bitget.
Furthermore, Binance Wallet recorded $90.5 million in daily volume, capturing 54.1% of the market share, and is now holding the top spot among tracked wallets.
Here’s another interesting update… recently, Abu Dhabi-based AI and advanced technology investor MGX made a $2 billion investment in Binance. This marks not only the first institutional investment in Binance but also the largest investment ever made in crypto.
Recently, BNB also shared its 2025 technical roadmap, which makes it even more promising and sought after. According to the roadmap:
- Sub-Second Transaction Speeds: BNB Chain will reduce block time from 3 seconds to sub-second latency, allowing for 100 million daily transactions. This upgrade will reduce network delays and be beneficial for high-frequency applications like DeFi & AI.
- Gasless Transactions: Previously, gas fees on BNB were only in stablecoins, but with this new upgrade, other BEP-20 tokens will also be used for gas fees. This removes a major barrier for new users unfamiliar with crypto gas mechanics and enables new business models like “freemium” dApps.
- Smart Wallet Integration: Users will be able to execute multi-step operations (like DEX trades) in one click instead of multiple approvals. Future plans include AI-powered wallet assistants to optimize spending, cross-chain swaps, and portfolio management.
- AI-First Infrastructure: Key initiatives include Code Copilot, DataDAOs, and Trusted Execution Environment (TEEs). These tools will reduce development barriers and make sophisticated AI dApps in sectors like healthcare, gaming, and DeFi.
- Memecoin Ecosystem Support: BNB Chain will provide infrastructure for meme coins, including simplified launch platforms and liquidity tools.
The TVL (Total Value Locked) of Binance Smart Chain is $5.61 billion, with the top protocols being:
- Venus
- PancakeSwap
- Kernel
Venus is a decentralized marketplace for lenders and borrowers, with a TVL of $1.72 billion. PancakeSwap, the largest DEX on BNB, has a TVL of $1.67 billion. Kernel is pioneering restaking on the BNB Chain, where BNB, BTC, and other yield-bearing tokens can be restaked to earn higher rewards. Its TVL is $650 million.
BNB’s network is strong because it has 3 core blockchains that work on shared tooling, making the entire network efficient. BNB’s transaction speed is 1800 per second, with very negligible fees. BNB is also a deflationary coin, as it undergoes quarterly token burns. Binance aims to burn up to 100 million BNB tokens, which accounts for 50% of its circulating supply. So far, Binance has completed 21 BNB coin burn events. Its current supply stands at 142.4 million BNB.
According to Mudrex’s price prediction, if the bullish scenario continues and DeFi on Binance Smart Chain grows, BNB’s price could reach $800 by the end of 2025. The BNB chain and coin seem to have a promising future, driven by its utility in DeFi, NFTs, and dApps, along with the ongoing expansion of the Binance ecosystem. So, keep an eye on this coin, but remember to do your own research and consult with financial advisors before investing.
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