BNB Chain Sees 0.634% Gain, 2.95M Weekly Active Users, $7.8B Trading Volume

BNB's latest price was $602.00, up 0.634% in the last 24 hours. BNB Chain, the layer-1 blockchain closely tied to Binance, has been experiencing significant growth and engagement. The chain has noted transaction figures totaling 55.3 million across its BNB Smart Chain and Layer 2 solution, opBNB, indicating a user base that is not only increasing but also remaining active. This week saw the appearance of 2.95 million weekly active users, a substantial number considering the scale of Web3 users transacting and interacting on the blockchain. The chain managed $7.8 billion in trading volume over the week, showcasing a liquidity-rich environment. BNB Chain’s total value locked is currently $9.21 billion, ensuring that it remains among the top smart contract platforms in the decentralized finance sector.

In the last 24 hours, BNB Chain recorded over 1.26 million active addresses and more than 5 million daily transactions, highlighting the daily participation of a broad and active user base. This steady engagement is also reflected in the swift development of a number of DeFi protocols that build upon the BNB Chain. Several projects exhibited impressive upticks in their total value locked over the last 30 days, involving substantial amounts of both real and virtual currencies across the board. At least a dozen prominent DeFi projects building on BNB Chain have seen impressive recent growth, covering a broad spectrum of finance applications, ranging from stablecoin generation and yield optimization to lending and asset tokenization.

For instance, Lista DAO has become well-known for its decentralized infrastructure for stablecoins, whereas Pendle is attracting a more highfalutin crowd with the time-based yield optimization strategies it’s offering. Aave’s deployment on BNB Chain also indicates the overall trend of Ethereum-native protocols embracing a multi-chain expansion strategy. Solv Protocol and Matrixdock are developing real-world means to meet the burgeoning demand for asset tokenization and fixed-income products in DeFi. Tranchess is doing something similar in risk-segmented yield strategies, while MetacoinSwap finds an audience for efficient, low-fee trading routes. These initiatives speak not only to BNB Chain’s volume growth but also to its increasing allure as a venue for DeFi development.

Changpeng Zhao (CZ), the co-founder and former CEO of crypto exchange Binance, has taken on a pivotal advisory role in shaping crypto regulations and strategic reserves for various countries. This initiative has gained momentum, especially in the United States under President Donald Trump, and now extends to Central Asia. On Monday, Zhao shared a photo on social media platform X (formerly Twitter) showcasing his visit to Kyrgyzstan, a nation that has significantly ramped up its engagement with digital assets in recent months. CZ’s visit coincided with the signing of a Memorandum of Understanding (MoU) between the two parties, aimed at fostering collaboration in the digital assets sector. The MoU was formalized during the inaugural session of the Council for the Development of Digital Assets, an event attended by Kyrgyz President Sadyr Japarov. This partnership is reportedly set to introduce Binance Pay in Kyrgyzstan, which will facilitate crypto-based payment solutions, thereby enhancing cross-border payment systems across Central Asia and the Eurasian Economic Union (EAEU).

Key components of the collaboration include educational initiatives led by Binance Academy, which will assist the National Agency in designing programs aimed at improving the digital asset knowledge of government officials and financial institutions. However, CZ also revealed on social media that he will advise the country to adopt both Bitcoin (BTC) and the exchange’s native token, Binance Coin (BNB), for a national crypto reserve for the Asian country. Farhat Iminov, head of the National Agency for Investments, expressed enthusiasm about this strategic partnership, emphasizing its potential to transform the crypto-assets landscape in Kyrgyzstan. “Together, we aim to create a robust framework that supports the development of crypto-assets, enhances financial literacy, and opens new avenues for cross-border payments, ultimately benefiting our citizens and the broader region,” said Iminov. Kyrylo Khomiakov, regional head for Binance Central Asia and Africa, echoed these sentiments, stating that the MoU represents a joint vision for leveraging blockchain technology to create sustainable economic opportunities and improve financial inclusion in Kyrgyzstan. “We look forward to working closely with our partners at all levels of the Kyrgyz government to implement innovative solutions and educational initiatives that will empower individuals and institutions alike,” he added.

This strategic partnership follows Binance’s recent enhancements to its fiat onramp ecosystem, including the integration of Apple Pay and Google Pay through a partnership with Worldpay. This development allows users to seamlessly purchase cryptocurrencies using linked credit or debit cards, streamlining the fiat-to-crypto transaction process. The BNB ecosystem continues to attract investor interest, with a focus on decentralized finance (DeFi) and a growing community of developers and users. The chain’s developer activity is positively off the charts, and its ever-larger decentralized financial (DeFi) appearances position it as an ideal candidate to keep leading the crypto space in the next wave of blockchain mainstream adoption.