Solana News Today: BNB On-Chain Activity Triples Despite Price Dip YTD Surge 36% Amid Growing Adoption

Binance Coin (BNB) has drawn renewed attention as on-chain activity surges despite a recent price dip. According to recent data, the BNB Chain has experienced a tripling of daily transactions, reaching 13 million as of July 2025, up from 4.5 million in early May [1]. This growth is paired with a 400% increase in decentralized exchange (DEX) volume and a doubling of monthly active addresses, signaling rising adoption of the network [1]. Analysts highlight that BNB Chain remains the third-largest layer-one network by total value locked (TVL), with $6.7 billion in DeFiLlama data, trailing only Ethereum and Solana [1].

The price of BNB has remained relatively stable at $764, despite broader market declines in tokens like Bitcoin (BTC) and Solana (SOL) over the past 24 hours. Year-to-date, BNB has surged 36%, with a 18% rise in the past month and a 3% weekly gain [1]. The token recently hit a record high of $808, driven by growing demand for Binance's fee discounts, staking yields, and airdrops through its Launchpool program [1]. Trader Axel Bitblaze noted the "price discovery mode" of BNB, emphasizing the surge in on-chain activity as a key indicator of long-term potential [1].

Technical indicators suggest caution ahead. BNB's Relative Strength Index (RSI) has dropped from an overbought level of 90, while the Moving Average Convergence Divergence (MACD) has peaked, hinting at potential short-term corrections [1]. However, analysts argue that the token's fundamentals remain robust. BNB Chain's recent upgrades, including faster transaction speeds and improved efficiency, have bolstered its appeal to developers and users [1].

Price forecasts remain optimistic. The article suggests BNB could rebound to $800 in the coming weeks before potentially reaching $900 in the fourth quarter of 2025 [1]. This projection aligns with historical trends, as BNB's transaction volume has consistently outperformed pre-2023 levels, save for a peak of 32.6 million in December 2023 [1].

The surge in BNB activity positions it as a contender for dominance in the layer-one space. With Solana's rapid growth in 2024, comparisons to BNB's trajectory have intensified. While Solana currently holds second place in TVL, BNB Chain's expanding ecosystem and institutional adoption could close the gap [1].

Source: [1] [Binance Coin Price Prediction: On-Chain Activity Triples as Price Dips – Is BNB the Next Solana?] [https://cryptonews.com/news/binance-coin-price-prediction-on-chain-activity-triples-as-price-dips-is-bnb-the-next-solana/]