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BEARISH 📉 : BNB price nears support amid strong chain performance and decline
BNB Chain demonstrated resilience in the past week, maintaining key metrics despite a market downturn and BNB's price correction.
Key Metrics
- BNB Chain reported over 4.9 million average Daily Active Users (DAU), an 11.4% increase from the previous week.
- The BNB Smart Chain (BSC) had 2.59 million DAU, showing an 8.5% weekly decline, while opBNB saw a 46% increase with 2.36 million DAU.
- Recorded over 142.6 million transactions in the week; a slight 2% decline but continued the trend of exceeding 140 million weekly transactions.
- Total trading volume reached $56.4 billion; Total Value Locked (TVL) at $6.83 billion.
- In 2025, BNB Chain surpassed 700 million unique addresses, with daily transactions reaching an all-time high of 31 million in October.
New Developments
- Prediction markets on BNB Chain surpassed $20 billion in cumulative volume, growing by nearly 89% since Q4 2025.
- Grayscale filed to launch a BNB-based spot ETF, indicating institutional interest.
BNB Price Analysis
- BNB is at a seven-month low, experiencing a 13.1% decline over the past week, dropping below $900 and $800 support levels.
- The cryptocurrency is down 44.5% from its October ATH of $1,369, currently between $760-$770.
- Market analyst Whale Factor noted that BNB is at a critical support level around $730, which could influence future price movements.
