The BNB token has set a new all-time record, exceeding the $1112 mark, and is showing further growth amid positive trends in the cryptocurrency market.
This is reported by Business • Media
- The price of BNB has risen above $1112 for the first time in history.
- The market strengthening is occurring due to accumulation by large investors and regular token burn events.
- The BNB Chain network has set new records for the number of users and transactions.
BNB Price Growth and Market Factors
The BNB token of the BNB Chain ecosystem has demonstrated rapid growth, surpassing the $1112 level. In the last 24 hours, its price has increased by more than 7%, and by 15.5% over the week. This trend indicates heightened investor interest and a general revival in the cryptocurrency market. At the time of preparing this material, the price of BNB was fluctuating around $1093, with a market capitalization exceeding $152 billion.
Experts attribute the increase in BNB’s value to several key factors, including active purchases by corporate treasuries, accumulation by large holders, and regular token burn procedures. Back in May, analysts at Standard Chartered predicted that BNB could reach $1275 by 2025.
“The market is supported by accumulation from large investors and regular burns.”
Network Records and Technical Updates of BNB Chain
Alongside the price increase, network metrics are also improving. According to DefiLlama, the total value of locked assets in the network has risen by 2.5% in a day, reaching $8.23 billion. The number of active addresses on the BNB Chain has reached a record 73.24 million, and transaction activity in September was the second highest in the project’s history.
The network’s development continues despite a recent incident involving the hacking of the official BNB Chain account on X (formerly Twitter), where attackers posted phishing links. However, experts note that user trust in the ecosystem remains stable.
Technical enhancements are also supporting the growing interest. On October 2, developers implemented a minimum gas price of 0.05 gwei, significantly reducing transaction costs and increasing their speed. In the future, the team plans to expand the gas limit and add built-in privacy features.
In 2025, BNB Chain has already implemented the Maxwell and Lorentz updates, which improved block formation speed and validator coordination. The next phase of modernization involves transitioning to an architecture capable of processing up to 20,000 transactions per second with a delay of less than 150 milliseconds.
Additionally, this year, REX Shares and Osprey Funds have applied for the registration of a spot BNB ETF, which could serve as another stimulus for the ecosystem’s development.