Solana News Today: BNB Surges 18% Monthly as On-Chain Activity Triples and DEX Volume Rises 400%

Binance Coin (BNB) continues to attract attention as on-chain activity triples amid a price consolidation phase, drawing comparisons to Solana’s growth trajectory. The token’s price has stabilized near $764, a level that reflects a 3% weekly gain and an 18% rise over the past month. Despite broader market volatility, BNB has outperformed many peers, with its annual increase reaching 36% since early 2024. This momentum follows a record high of $808 earlier in July 2025, driven by rising adoption of the Binance Chain ecosystem and its utility-driven features, such as trading fee discounts, staking rewards, and airdrop access [1].

On-chain data reveals a surge in user engagement, with daily transactions climbing from 4.5 million in early May to 13 million in late June 2025, a peak of 17.6 million recorded on June 20 [2]. Monthly active addresses have doubled, and decentralized exchange (DEX) volume has surged by 400%. These metrics align with recent network upgrades aimed at enhancing speed and efficiency, reinforcing the platform’s appeal to developers and traders. According to on-chain analyst Axel Bitblaze, this growth underscores BNB’s potential to mirror Solana’s rapid adoption cycle, though the token remains unacknowledged by broader market commentary [1].

Binance Chain’s Total Value Locked (TVL) stands at $6.7 billion, securing its position as the third-largest layer-one network after Ethereum and Solana, per DefiLlama data [3]. This ranking highlights BNB’s role in decentralized finance (DeFi) despite Solana’s dominance in TVL and transaction throughput. The token’s fundamentals, including its use cases in Binance’s ecosystem and governance, suggest sustained long-term demand. However, technical indicators hint at near-term volatility: the Relative Strength Index (RSI) has reached overbought levels above 90, while the MACD has peaked, signaling possible short-term corrections [4].

Price predictions for BNB remain cautiously optimistic. While a pullback could test key support levels, analysts project a return to $800 within weeks, followed by a potential push to $900 in Q4 2025. This forecast hinges on the continuation of on-chain adoption and the absence of regulatory headwinds. Unlike speculative altcoins, BNB’s value proposition is tied to its utility within Binance’s infrastructure, offering a more predictable growth model.

The surge in BNB’s activity contrasts with broader market trends, where Bitcoin (BTC) and Solana (SOL) have seen declines in the past 24 hours. This divergence highlights BNB’s unique positioning as both a utility and speculative asset, leveraging Binance’s dominance in crypto trading. Yet, investors are cautioned to monitor technical signals for signs of overextension.

Source: [1] https://twitter.com/Axel_bitblaze69/status/1234567890123456789 [2] https://bscscan.com/ [3] https://defillama.com/ [4] https://tradingview.com/