, the native token of the Binance ecosystem, has reached new highs in 2025 as several positive factors came together.
Although the price has seen a sharp correction since mid-October, BNB’s fundamental strength remains solid and the next trend could already be forming.
Strong On-Chain Activity Fueled the Rally
All BNB tokens are now in full circulation, meaning there are no more locked or unissued tokens, effectively no new supply coming to the market.
In addition, BNB has a deflationary burn mechanism. More than 64 million BNB (out of the original 200 million) have been permanently burned, reducing the total supply to around 137.73 million tokens, a key factor supporting long-term price stability.
Source: bnbburn.info
According to bnbchain.org, about 19% of the total supply (roughly 26 million BNB) is staked, showing strong holder confidence in Binance’s ecosystem.
On-chain activity has also recovered strongly. Daily active addresses and transaction volumes on BNB Chain rose 25% quarter-over-quarter, reaching 57.9 million active wallets as of November 4.
The rebound has been driven by GameFi, DeFi, and tokenized real-world assets (RWAs), signaling renewed growth across the network.
Source: tokenterminal.com
Ecosystem Expansion Boosts Utility
BNB is no longer just a “burn and hold” token. With opBNB (Layer-2) and BNB Greenfield (decentralized storage), it now serves as both a gas token and a staking asset for multiple new applications.
At the same time, DEX Aster, the first decentralized exchange within Binance’s ecosystem, has increased real-world demand for BNB through trading fees and liquidity provision.
Together, these developments reinforce long-term confidence in the BNB ecosystem.
Institutional and Retail Money Are Coming Back
According to Cointelegraph, U.S. asset manager VanEck has filed with the SEC to launch the first ETF holding BNB, showing rising expectations that capital flows could soon expand from ETFs to major altcoins like BNB.
If approved, this could be a major catalyst, unlocking institutional-scale inflows into BNB.
On the retail side, Robinhood has officially listed BNB, opening access to millions of U.S. investors.
Meanwhile, the stablecoin supply (USDT, USDC, FDUSD) on BNB Chain has also jumped sharply, now reaching around $13.8 billion, reflecting higher on-chain liquidity and stronger capital inflows into the ecosystem.
Source: defillama.com
Technical Analysis
Before October 10, BNB’s price had surged over 90% year-to-date, from around $700 to $1,340, forming a classic parabolic move.
On October 10, volatility spiked to 46.88%, creating a candle with long upper and lower wicks, a sign of distribution and liquidity sweep.
Source: IUX
Buyers were trapped around the false breakout near $1,300, while sellers were caught in a liquidity grab below $930 suggesting that hot money had started to exit the market.
Currently, BNB is testing the $870–900 support zone, which also aligns with the previous highs from August, September.
- If this level holds, the move looks like a healthy correction within an uptrend.
- If $870 breaks, the market may enter a clear markdown phase.
Key Takeaways for Traders
- BNB is currently testing the strength of its uptrend.
- Avoid catching the bottom blindly, watch how the price reacts around $870–900.
- If price stabilizes and volume returns, BNB could rebound toward $1,040+.
- A clean break below support would confirm a bearish medium-term outlook.
What to watch next:
- ETF Approval: A green light from the SEC could trigger major institutional inflows.
- DeFi & RWA Growth: Key factors affecting transaction fees and ecosystem health.
- Bitcoin Correlation: BNB maintains about 65% correlation with BTC (Myfxbook data), meaning Bitcoin’s direction still serves as the macro roadmap for BNB.
