Binance Network Activity Surges as Active Addresses Double Since April

Binance has shown strong performance in 2024, with BNB trading just below its all-time high of $900. The cryptocurrency is consolidating amid market uncertainty, particularly following Bitcoin's recent pullback.

Key points include:

BNB active addresses have doubled since April 2025, averaging between 2 million and 2.5 million daily, with spikes over 3 million.
This increase in activity positions Binance ahead of Ethereum and Bitcoin regarding network usage.
Daily transactions on the BNB chain have nearly tripled, ranging from 10 million to 14 million, with a low transaction failure rate.
BNB is currently priced at $863.7, maintaining support above $850 while facing resistance near $900.
A breakout above $900 could lead to further gains; however, losing $850 may trigger a retest of lower levels around $800.

The overall bullish structure remains intact as traders monitor whether consolidation leads to upward momentum, supported by robust network fundamentals.