BNB Hits All-Time High as Binance Chain Activity Surges 24%

BNB's latest price was $981.85, down 0.839% in the last 24 hours. BNB Chain, the blockchain behind Binance’s native token, reached a significant milestone on September 17, with monthly active addresses hitting 51.6 million, surpassing a previous all-time high recorded in September 2024, according to Token Terminal data. This surge in activity comes alongside growth in network metrics, as over the past 30 days, fees collected on the chain reached $13.2 million, a more than 24% jump compared with the previous period, while revenue reached $1.4 million, up 23%, indicating that more users are interacting with the network. By transaction count, BNB Chain also keeps reinforcing its position in the top three layer 1 networks, according to Token Terminal. While Internet Computer leads with 412.2 billion transactions, Solana follows it at 354.5 billion, and BNB Chain with the transaction count at 9.2 billion. As of September, the network supports over 1,095 projects across sectors, including DeFi, gaming, and NFTs, with the total value locked in in BNB Chain standing at $7.68 billion, still down around 65% from 2021’s peak. Speaking with crypto.news, Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain, attributed the growth to a big user base of 4 million daily active users and more than 625 million unique addresses, as well as deep global liquidity with more than $11 billion in TVL and stablecoin circulation. Kawadri added that the team is now aiming to reach a “CEX-like experience” so that transactions “will be confirmed in under 150 milliseconds.” “Overall, BNB Chain is targeting to become a settlement layer and financial infrastructure for all assets, it will not be specifically limited to any particular trading scenario. The direction and initial form of this chain are still continuously evolving, and we will explore and build this together with the community.” Marwan Kawadri.

The growth in on-chain activity coincides with a rise in BNB’s market value as the token recently hit a new all-time high. Part of this momentum seems to be tied to announcements from Binance founder Changpeng Zhao, who outlined plans for the upcoming BNB Treasury Company in an interview. Zhao described BNB as a “true utility coin,” highlighting its multi-chain compatibility and its use across trading discounts, yield generation, launch pools, launchpads, and the Binance Alpha ecosystem. He also emphasized BNB’s role across both centralized and decentralized platforms, including cross-border payments and dApps worldwide, noting that the ecosystem has untapped potential in regions such as Southeast Asia, Europe, the Middle East, and Africa. The planned BNB Treasury Company is expected to raise $1 billion with backing from YZi Labs. Zhao said the initiative will target institutional demand, focusing support on strong, well-positioned projects. “We’ve been approached by probably more than 50 companies for BNB specifically…we will only do that to a very small number of DAT companies. Basically, the very top, strong ones,” Zhao said in the podcast. Institutional interest rising is one of the strongest forces that have led to the breakout of BNB. A number of publicly-traded companies and treasury management firms are currently including BNB in their balance sheets, a move until recently considered the preserve of Bitcoin and Ethereum. CEA Industries now holds 418,888 BNB, valued at over $368 million, making it the largest corporate BNB treasury globally. Nano Labs, a digital asset firm, revealed it had accumulated over $90 million in BNB with plans to reach $1 billion in long-term holdings. B Strategy, which is supported by YZi Labs, leads to alleged increase of $1billion to purchase and manage BNB exposure using a special treasury vehicle. Such a quick institutional transition demonstrates a larger trust in the utility of BNB in the long run and an ecosystem developing around it, such as DeFi and staking, and adoption into real-world use. The rally comes as well with increasing speculation that Binance will soon settle its compliance issues with the U.S. Department of Justice. This exchange has been supervised by a court-appointed monitor since its settlement in 2023 of $4.3 billion, but now, several reports indicate that talks are progressing to remove the requirement – which would immediately lift a heavy regulatory risks burden on the users of BNB and Binance. Also, word has it that CZ might soon rejoin the community in a strategic or advisory role, which has further frenzied the community. Though this is not confirmed officially, the speculation in itself seems to be gaining momentum to the rising of BNB. The BNB is not the only bank enjoying a surge. The Federal Reserve rate cut by 25bps has been positive to the wider crypto market, historically the asset risk rallies. Additionally, Bitcoin and Ethereum continue to attract steady ETF inflows, lifting sentiment across altcoins. BNB Chain’s Total Value Locked (TVL) now sits at $7.93 billion, showing a healthy DeFi ecosystem with rising user engagement. Rumors are swirling that VanEck is preparing to file for a BNB-focused ETF, though this remains unconfirmed. The BNB success lies at the core of the community engagement and practical implementation, as opposed to many other tokens whose successes are based solely on the hype and speculative cycles. BNB has utility, which provides it with permanence in terms of its transaction fees, validator incentives, and participation in governance. “This is just the beginning. To the next 10000x together,” CZ wrote a sentiment echoed across crypto Twitter, Telegram, and Reddit.

On September 18, 2025, the BNB token achieved a significant milestone in its market history by reaching an all-time high valuation. This development attracted considerable market attention as it represented a key achievement for the cryptocurrency ecosystem. The milestone coincided with broader crypto market activity following a Federal Reserve interest rate adjustment, though no direct causal link is explicitly stated. The event appears connected to ongoing developments between Binance and U.S. regulatory authorities. Market observers noted progress in discussions that could potentially resolve outstanding matters, though specific terms of any agreement weren't detailed. This regulatory progress appears to have contributed to positive sentiment around the token and its underlying ecosystem. Analysis of network activity shows the Binance Smart Chain demonstrated robust performance metrics relative to other networks. Comparative data indicated stronger growth in total value locked and daily transaction volumes than competing ecosystems. Particular acceleration was noted in specialized activity sectors, contributing to this measurable network effect. Technical reliability also drew attention as the network maintained consistent uptime. Underlying tokenomics continue to influence supply dynamics. The established quarterly token removal mechanism systematically reduces available supply, creating predictable long-term effects on circulation. This structural approach differentiates its economic model from other blockchain systems and appears aligned with institutional preferences for predictability. Network activity showed increased momentum in specific applications, particularly noting heightened volume around specialized token categories. Multiple projects using the chain demonstrated notable transaction surges, suggesting shifting capital allocation patterns within the ecosystem. Funding rate indicators reportedly shifted in response to the milestone event, though specific derivative market impacts weren't detailed. Looking forward, market observers suggest several potential contributing factors for continued ecosystem development. The regulatory landscape appears to be evolving, with particular attention on how settlement developments might affect network operations. Additionally, broader macrofinancial conditions including central bank policy shifts may create favorable conditions for ecosystem expansion. Analysts also referenced historical growth periods, suggesting established expansion patterns may reemerge.