BNB Surges 0.825% as DeFi Activity and ETF Hopes Boost Price

BNB's latest price was $653.64, up 0.825% in the last 24 hours. The BNB Chain has seen a significant increase in decentralized exchange (DEX) volume, processing over $4.29 billion in 24 hours and $35 billion in the past week. This surge in volume highlights robust decentralized finance (DeFi) activity, with PancakeSwap leading the charge with $2.19 billion over the past 24 hours and more than $5 billion in the past seven days. The BNB Chain Foundation has also scooped up 17 BSC ecosystem assets, including PancakeSwap, Lista DAO, Video XBT, and Moolah, as part of its $100 million Incentive Program. This program aims to support various sectors such as artificial intelligence, decentralized finance, GameFi, and meme coins, further enhancing the BNB Chain ecosystem.

The BNB Chain has also recorded another milestone in its derivatives market trade, with its perpetual futures (perps) daily volume reaching an all-time high of $2.93 billion. This dramatic increase in volume has occurred simultaneously with the network's own remarkable expansion in market share—from only 2% two months ago to 15% today—suggesting that the network is gaining significant traction within a key area of decentralized finance (DeFi). The underlying infrastructure of BNB Chain appears to be harmonious, with no visible signs of a scalability problem in the horizon despite increased demand. The current rate of performance shows BNB Chain's real-time transactions per second (TPS) has surged to 123, the highest level of throughput since the fourth quarter of 2021, a robust recovery in processing capacity. The figures show the network effectively handles more demand, a critical indicator of long-term adoption.

BNB’s valuation is deeply rooted in its role as the foundational asset of the BNB Chain ecosystem, which now supports over 5,600 decentralised applications (DApps) and a total value locked (TVL) of $3.6 billion. This depth of infrastructure ensures real utility, distinguishing it from tokens dependent solely on speculative trading. Recent upgrades—particularly the Maxwell Hardfork, launched on testnet in May 2025—have improved BNB Chain performance by reducing block time to 0.75 seconds. This enhancement positions the network for increased adoption in sectors like DeFi, GameFi, and decentralised identity. The mainnet rollout is scheduled for completion by June 30, and market participants expect activity to surge following the upgrade. Yield-generating mechanisms like the BNB Vault and staking products such as slisBNB also support BNB’s price. With 30% year-on-year growth in staking and a stable 6.2% APY, BNB continues to encourage long-term holding over short-term speculation. The result is a tighter liquid supply, supporting the deflationary narrative alongside the auto-burn policy.

Institutional flows and ETF hopes are also driving BNB’s growth trajectory. The possibility of a BNB ETF, currently under review by the SEC following VanEck’s May 6 proposal, is perhaps the most critical medium-term catalyst. If approved, such a product would mimic the inflows seen by Bitcoin ETFs in early 2024, potentially unlocking $2 billion+ in institutional capital and accelerating mainstream adoption of BNB as a digital asset. From a regulatory standpoint, the SEC’s dismissal of its 2023 lawsuit against Binance on May 29 has removed a significant legal overhang. This development, paired with broader US policy shifts under a crypto-friendlier administration, creates a tailwind for ETF approval and institutional onboarding. Technical indicators support a bullish scenario. The MACD histogram (0.384) and RSI (55–59) both reflect a neutral-to-bullish stance, while Open Interest has declined slightly (-7.9% weekly), indicating that speculative leverage is cooling. This reduces volatility risk, paving the way for steadier price action. If BNB can decisively break above $690 and maintain volume above $700, the next technical targets lie at $726 and $770, followed by the all-time high zone near $800. These projections are contingent on ETF decisions and user activity increases following the Maxwell upgrade.