The post BNB Climbs as Transaction Activity Surges and DEX Volume Tops $100B appeared on BitcoinEthereumNews.com.

Binance Coin (BNB) climbed over the last 24 hours even as geopolitical tensions rattled the markets, driven by surging usage of the BNB Chain, which recorded more than 16 million transactions a day earlier this month. That transaction figure marks a massive jump when from the near 4 million transactions a day processed earlier in the year, according to Nansen data. PancakeSwap, the network’s main decentralized exchange, played a key role with $2.7 billion in daily volume. In aggregate, BSC handled over $104 billion in DEX volume over the last month, outpacing both Solana and Ethereum, according to DeFiLlama data. This growth helped BNB push through volatility sparked by the clashes between Israel and Iran, which temporarily dragged bitcoin under $104,000. BNB saw strong buying interest throughout the day, holding firm at the $646 level and topping out at $658. That strength was backed by unusually high volume and what appeared to be institutional interest. Technically, BNB is benefiting from a string of higher lows, a sign of a building uptrend, according to CoinDesk Research’s technical analysis data model. Analysts also pointed to consistent above-average volumes, suggesting more than just retail enthusiasm. Open interest in BNB derivatives has fallen 6.9% week-over-week to $750 million, signaling caution among traders. Yet the broader Fear & Greed Index sits at a neutral 51, suggesting sentiment hasn’t tipped bearish despite geopolitical jitters. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/06/16/bnb-climbs-as-transaction-activity-surges-dex-volume-tops-100b

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Filed under: News - @ June 17, 2025 1:23 am