BNB Coin Breaks Out and Flips Solana; Is $1,000 Still in Play?
The post BNB Coin Breaks Out and Flips Solana; Is $1,000 Still in Play? appeared on BitcoinEthereumNews.com.
BNB coin recently broke its all-time high and flipped Solana in market cap, landing around $790 with a fresh top of $801.83. While at the time of writing, the token dipped slightly, it was is up 4% earlier and nearly 14% in the past month. With its total market value crossing $110 billion yesterday and currently at $104.6B, BNB ranked just ahead of Solana’s $98 billion. And suddenly, all eyes are on one number: $1,000. But this isn’t just about price pumps. Behind the scenes, there’s strong support coming from users, traders, and the chain itself. Let’s break it down. BSC Usage Is Surging; and That’s Fueling BNB Coin’s Rise When a coin rallies, it’s important to ask: Are people actually using the network, or is it just hype? For the BNB coin, the answer is clear: the Binance Smart Chain (BSC) is busier than ever. Last month, the number of active addresses on BSC increased by over 21%, now standing at nearly 3.5 million. That’s not just a spike; that’s the yearly peak. And this matters. More users mean more transactions, more activity, and more demand for BNB to pay fees or interact with smart contracts. Active address growth- Source: BSC Scan It’s not just users either; DeFi is waking up too. Total Value Locked (TVL) on BSC is also up 21% this month. TVL tells us how much money is being deposited into BSC protocols like DEXs and lending apps. BSC and the DeFi growth- Source: DeFillama When TVL goes up, it usually means confidence is returning. People aren’t just buying BNB; they’re putting it to work. Exchange Netflows: More Coins Are Coming In, but Pace Is Slowing Exchange flow data helps us understand how much BNB coin is available to be sold. When a lot of coins…
Filed under: News - @ July 24, 2025 7:23 am