The BNB price is experiencing a notable surge as the BNB Chain records unprecedented growth in user activity and institutional investments. According to data from multichain AI analytics platform Nansen, the BNB Chain’s active addresses have more than doubled to over 2 million in the past month, while transactions skyrocketed to 8 million. This surge in activity has fueled investor optimism, pushing the BNB token to a three-month high of $677, representing a 10.3% increase over the past week and 14.5% over the past month.
.@BNBChain just had a blowout week.
— Nansen 🧭 (@nansen_ai) May 10, 2025
In the past 30 days:
– Active addresses climbed from 1M to over 2M
– Transactions surged past 8M before cooling off
Keep your eyes where the action is. pic.twitter.com/bFuZKaIxdd
Institutional Investments Drive DeFi Activity on BNB Chain
The explosive growth in the BNB Chain is not limited to user activity. Institutional interest is also gaining momentum, contributing to a surge in decentralized finance (DeFi) activity. The total value locked (TVL) in DeFi protocols on the coin’s Chain has jumped from $3.5 billion in early 2024 to over $6 billion as of May 7, 2025 — a staggering 71% increase year-to-date. Analysts attribute this surge to major investments in DeFi projects and the growing appeal of the coin as a more concentrated and stable smart contract platform, as highlighted by Standard Chartered.
Also Read: BNB Breakout Imminent? Fundamentals Clash with Price in 2025
What’s Fueling BNB’s Price Rally?
Multiple factors are driving BNB’s price rally, including asset manager VanEck’s S-1 filing for the first-ever BNB ETF. Additionally, the BNB Chain’s 90% reduction in transaction costs has further boosted market sentiment. As investor interest continues to grow, market analysts project the coin could rally to $700, especially if the ETF gains regulatory approval. For now, the coin is trading at $661.31, up 5.36% in the past 24 hours, with trading volume surging 34% to $2.71 billion.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
