Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward. “This resilience isn't just about price action — strong fundamentals also back it,” Joao Wedson, CEO of investing analytics platform Alphractal, said in an April X post. “Binance has built a massive ecosystem where BNB is used extensively,” Wedson added.
This makes it a much more concentrated and ‘old-fashioned’ smart contract platform than rivals,” it said in a May research note reviewed by Cointelegraph.“While this caps upside potential, it also provides a degree of stability,” according to the asset manager. PancakeSwap is among BNB Chain’s largest DEXs, with roughly $1.5 billion in TVL, according to DefiLlama.USD1 on BNB Chain vs.Ethereum.
As of May 7, BNB Chain ranks fourth among layer-1 blockchain networks by TVL, the data shows. According to Standard Chartered, BNB Chain’s “use cases remain almost entirely on decentralised exchanges [DEXs], lending protocols, and liquid staking.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Alex O’Donnell
The story "Binance's BNB Chain rebounds amid institutional, DeFi adoption" has 464 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Binance's BNB Chain rebounds amid institutional, DeFi adoption" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 29 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
