Bitcoin News Today: BNB and Near Lead Altcoin User Surge Amid Market Volatility

A recent analysis of altcoin activity across major blockchain networks has revealed a dynamic landscape in the cryptocurrency sector, with BNB Chain and Near Protocol leading in active user engagement. The altcoin market is showing signs of resilience amid broader market volatility, particularly in decentralized exchange (DEX) volumes and token performance. According to a report, BNB Chain recorded approximately 3.9 million daily active users (DAUs) last week, while Near Protocol, a prominent smart contract platform, reported 3.1 million DAUs, ranking second in the industry [2]. This growth reflects a 5% monthly increase for Near Protocol, highlighting its expanding ecosystem despite a weaker performance in its native token, NEAR [2].

The BNB Chain ecosystem demonstrated a modest 0.8% week-on-week market cap increase, driven primarily by BEP-20 tokens such as MemeCore (M), Zentry (ZENT), Merlin Chain (MERL), and BugsCoin (BGSC), which saw gains ranging from 26.6% to 133.3% [1]. BNB itself remained relatively stable, fluctuating only slightly below its all-time high (ATH) of $899.70, maintaining a 4.4% distance from its peak [1]. In contrast, several smaller BNB Chain tokens, including Portal to Bitcoin (PTB), Bio Protocol (BIO), AI Companions (AIC), and Wilder World (WILD), experienced significant declines, with losses ranging from 21.3% to 39.7% [1].

Decentralized exchange volumes on BNB Chain have continued to rise, partially driven by the growing popularity of meme tokens and on-chain campaigns. PancakeSwap, the largest DEX on the network, accounted for over 25% of BNB Chain’s fee revenue and TVL [1]. This uptick in activity positions BNB Chain favorably against competitors like Ethereum and Solana, which saw a notable drop in on-chain trading this week. The BNB Chain community also saw significant developments, including the launch of the 2025 Annual Awards, with voting open for categories such as Rising Star and AI Pioneer [1].

Near Protocol, despite struggling with its native token’s price performance, has continued to outperform in user growth and on-chain activity. The network’s expanding user base is supported by its 5% monthly growth in active addresses, as well as increasing intents volume and staking activity. However, revenue from fees remains relatively low, with the protocol generating around $290,000 in fees, a stark contrast to newer blockchain projects like Bitcoin Hyper, a Bitcoin Layer 2 solution that is gaining traction [2].

In the broader altcoin market, price movements across major cryptocurrencies such as Bitcoin, Ethereum, and Solana have been influenced by both technical and seasonal factors. For example, Bitcoin experienced a sharp drop below $108,000 on Friday, with some analysts suggesting it may test the $100,000 level [4]. Ether and Solana showed mixed performance, with Ethereum remaining above key support levels but facing challenges from bearish pressure [4]. Altcoins like DOGE, ADA, and LINK have also seen varied outcomes, with some rebounding from support levels while others face downward pressure.

The data highlights the uneven but overall resilient nature of the altcoin market, where user engagement and on-chain activity are key indicators of a project’s health. While price performance remains volatile, the expansion of active user bases and DEX volumes provides a more comprehensive view of market dynamics. Investors and analysts are closely monitoring these trends as potential signals for the next phase of the crypto cycle [1].

Source:

[1] BNB Chain News – BNB Outperforms Other L1 Tokens, On-Chain Trading Grows (https://finance.yahoo.com/news/bnb-chain-news-bnb-outperforms-161611342.html)

[2] Near Protocol Outnumbers Solana in Users (https://99bitcoins.com/news/presales/near-protocol-outnumbers-solana-in-users-price-prediction-2025/)

[3] BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI (https://cointelegraph.com/news/price-predictions-9-3-btc-eth-xrp-bnb-sol-doge-ada-link-hype-sui)

[4] BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI (https://cointelegraph.com/news/price-predictions-8-29-btc-eth-xrp-bnb-sol-doge-ada-link-hype-sui)