BNB Reaches New High at $1,280 Amid Increased Blockchain Activity
- BNB surged over 5%, reaching a new all-time high above $1,280.
- The increase is linked to institutional demand and heightened blockchain activity, partly due to the launch of the decentralized exchange Aster.
- BNB Chain reported 58 million monthly active addresses, surpassing Solana's 38.3 million.
- Aster's total value locked rose by over 500% to $2.4 billion.
- BNB Chain announced a partnership with Chainlink to bring U.S. economic data on-chain.
- Trading volumes during the rally exceeded the 24-hour average, indicating strong market interest.
- BNB outperformed broader crypto markets, which increased by only 0.3% according to the CD20 index.
- The market rally coincides with expectations of a 25 bps rate cut by the Federal Reserve amid a U.S. government shutdown.
