BNB Price Rises Amid Surge in Transaction Activity and DEX Volume
Binance Coin (BNB) Overview
- BNB increased despite geopolitical tensions.
- BNB Chain recorded over 16 million transactions recently, up from nearly 4 million earlier this year.
- PancakeSwap generated $2.7 billion in daily volume, contributing to BSC's total DEX volume of over $104 billion last month, surpassing Solana and Ethereum.
- BNB price held at $646, reaching a peak of $658 amid strong buying interest.
- Technical analysis indicates a string of higher lows, suggesting an uptrend.
- Open interest in BNB derivatives decreased by 6.9% week-over-week to $750 million, indicating trader caution.
- The Fear & Greed Index remains neutral at 51, reflecting stable sentiment despite market volatility.