Binance Coin (BNB) Breaks Out Amidst Strong Network Metrics

Binance Coin (BNB) is poised for a significant bullish breakout, driven by key network metrics that surpass its competitors. Following a giant cup and handle pattern, BNB has reached a high of $690 on Monday, marking a nearly 40% surge from its year-low. This upward momentum comes as DeFi activity explodes on the Binance Smart Chain (BSC), with protocols growing by 170% in the last seven days to reach over $16.7 billion. In contrast, Ethereum (ETH), Arbitrum, Base, and Sui recorded protocol growth of around $16.7 billion, $6.65 billion, $8 billion, and $3.9 billion respectively. 20% Growth was also registered for Solana’s transactions.