BNB Climbs $13 to $796.29 on 1.87% Surge Amid DEX Dominance and Institutional Backing

Binance Coin (BNB) has climbed within $13 of its all-time high of $809.84, trading at $796.29 as of July 26, 2025, amid a surge in decentralized exchange (DEX) volume, derivatives activity, and institutional backing. The cryptocurrency gained 1.87% in the past 24 hours, driven by robust on-chain metrics and strategic capital inflows. Analysts highlight two primary factors fueling the rally: BNB’s DEX dominance and growing institutional validation.

Daily DEX volume for BNB reached $3.936 billion in the last 24 hours, surpassing Ethereum by $1.5 billion and outpacing all other blockchain networks, according to DeFiLlama [1]. Over the past 30 days, cumulative DEX volume totaled $189.2 billion, more than double Solana’s $79 billion. This surge coincided with a 62% increase in new wallet adoption, with 180,000 fresh BNB addresses created in a single day, raising the total to over 288,000, per BSCScan data [2]. The rising adoption and DEX activity signal strengthening utility and liquidity for the asset.

Derivatives markets further reinforce bullish sentiment. CoinGlass data shows a Taker Buy/Sell Ratio of 1.1, reflecting dominant buying pressure, while the Open Interest (OI) Weighted Funding Rate has turned positive at 0.0141%, indicating long-position holders are paying premiums to sustain exposure [3]. Onchain Lens reported a $5.56 million whale deposit of USDC into HyperLiquid, used to open a 3x long position in BNB worth $10.2 million, alongside short positions in Solana and Zora. This whale activity underscores strategic capital deployment in anticipation of BNB’s upward trajectory [4].

Institutional interest has also accelerated the momentum. Windtree Therapeutics, a biotech firm, announced a $520 million BNB treasury fund, funded via an Equity Line of Credit and partnerships with Build and Build Corp. Patrick Horsman, CFA and director at Horsman Holdings, described the move as a "long-term vision" to integrate digital assets into corporate value creation strategies [5]. The allocation underscores BNB’s appeal as a hedging tool against traditional market volatility and highlights growing institutional confidence in its utility.

Despite these positive indicators, analysts caution that breaking through the $809.84 resistance level requires sustained momentum. While derivatives metrics and DEX dominance suggest upward pressure, the crypto market’s volatility necessitates consistent on-chain flows and macroeconomic stability to solidify the rally. If the current trajectory holds, BNB’s next leg higher could position it for a historic breakout.

Sources:

[1] [DeFiLlama] [https://www.defillama.com/chain]

[2] [BSCScan] [https://bscscan.com/addresses]

[3] [CoinGlass] [https://coinglass.com/funding-rate]

[4] [Onchain Lens] [https://onchain.lens/whale-activity]

[5] [AMBCrypto] [https://ambcrypto.com/bnb-eyes-809-ath-2-major-factors-fueling-its-next-leg/]