{"id":128789,"date":"2025-05-07T21:17:03","date_gmt":"2025-05-07T21:17:03","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128789"},"modified":"2025-05-07T21:17:03","modified_gmt":"2025-05-07T21:17:03","slug":"binances-bnb-chain-rebounds-amid-institutional-defi-adoption","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128789","title":{"rendered":"Binance&#039;s BNB Chain rebounds amid institutional, DeFi adoption"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBinance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.\u00a0<br \/>\nDuring the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.\u00a0<br \/>\nConsequently, the blockchain network\u2019s native BNB token (BNB) has emerged as among the market\u2019s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward.\u00a0<br \/>\n\u201cThis resilience isn&#8217;t just about price action \u2014 strong fundamentals also back it,\u201d Joao Wedson, CEO of investing analytics platform Alphractal, said in an April X post.\u00a0\u201cBinance has built a massive ecosystem where BNB is used extensively,\u201d Wedson added.<br \/>\nAsset manager Standard Chartered expects the BNB token\u2019s price to continue to rise, reaching highs of $2,775 by the end of 2028.\u00a0As of May 7, BNB trades at around $600 per coin. It has a market capitalization of nearly $85 billion, according to CoinMarketCap.<br \/>\nMeanwhile, asset manager VanEck proposed on May 5 the first BNB ETF in the United States.<br \/>\nDeFi activity on BNB Chain (formerly BSC). Source: DeFiLlamaRelated: Standard Chartered predicts BNB will more than double in 2025<br \/>\nDeFi inflows<br \/>\nSince the start of 2024, BNB Chain\u2019s TVL has increased from around $3.5 billion to more than $6 billion, according to data from DefiLlama.\u00a0It still hasn\u2019t recovered fully to all-time highs of more than $20 billion in 2022.<br \/>\nAs of May 7, BNB Chain ranks fourth among layer-1 blockchain networks by TVL, the data shows.\u00a0<br \/>\nAccording to Standard Chartered, BNB Chain\u2019s \u201cuse cases remain almost entirely on decentralised exchanges [DEXs], lending protocols, and liquid staking. This makes it a much more concentrated and \u2018old-fashioned\u2019 smart contract platform than rivals,\u201d it said in a May research note reviewed by Cointelegraph.<br \/>\n\u201cWhile this caps upside potential, it also provides a degree of stability,\u201d according to the asset manager.\u00a0<br \/>\nPancakeSwap is among BNB Chain\u2019s largest DEXs, with roughly $1.5 billion in TVL, according to DefiLlama.<br \/>\nUSD1 on BNB Chain vs. Ethereum. Source: BSC ScanInstitutional adoption<br \/>\nInstitutional adoption is growing on the blockchain network, with performance partly driven by its ties to Binance, the network&#8217;s affiliated CEX.<br \/>\nThe exchange clocked an all-time high trading volume of around $76 trillion in 2024. It accounts for roughly 40% of spot trading volumes globally, according to Standard Chartered.<br \/>\nIn addition, US President Donald Trump-backed stablecoin USD1 has been issued primarily on the BNB Chain. Data from BscScan shows that more than $2 billion worth of USD1 \u2014 or 99% of its circulating supply \u2014 has been issued on BNB Chain.\u00a0<br \/>\nMagazine:\u00a012 minutes of nail-biting tension when Ethereum\u2019s Pectra fork goes live<a href=\"https:\/\/cointelegraph.com\/news\/binance-bnbchain-stages-comeback-institutional-defi-adoption?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBinance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.\u00a0 During the past year, BNB Chain has benefited&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128789"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128789"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128789\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128789"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}