BNB Soars to New Highs: Record User Growth Fuels Price Surge

Binance Coin (BNB) has reached new heights, breaking above $1,280 and approaching $1,300 today. This price movement is fueled by a surge in user numbers on the BNB Chain and increased on-chain activity. The combination of growing institutional demand and high risk appetite during market hours played a key role in driving this rally. 58 million monthly active addresses on the BNB chain represent a significant jump from Solana’s 38.3 million, highlighting the rapid growth in the ecosystem. This user influx further bolsters the use of BNB for discounted transaction fees within the network, boosting demand and driving price increases.