BNB Chain News: BNB and Sector Hit ATH as Altcoins Rally
The sector reached a new peak market capitalization (mcap) of $242.8 billion after gaining 16.3% since our last update.
TL;DR:
- Bull momentum: BTC/ETH near ATHs; altcoins show broad-based strength.
- BNB Chain mcap $242.8B (+16.3%); BNB, LINK, and SHIB lead.
- Mid-caps soar; DAAs +15%, TVL +4.8%, DEX volume +12%.
It’s safe to say the bull market has now begun.
With that in mind, let’s see how the BNB Chain landscape has shaped up over the last week.
BNB Chain Market Recap
The BNB Chain ecosystem is exploding.
Much of this growth was attributed to the stellar performance of the top three assets:
- BNB (BNB): +11.7% (hitting a new all-time high)
- Chainlink (LINK): +46.4%
- Shiba Inu (SHIB): +15.2%
- Codatta (XNY): +291.6% (surge tied to Binance-linked 12-week Booster Campaign)
- Bio Protocol (BIO): +107% (launch of BIO and BioDAO staking)
- Cyber (CYBER): +81% (Upbit listing)
- Tagger (TAG): +67.5% (two-week data-labeling event)
- siren (SIREN): +63.2% (unclear catalyst)
As always, there are still a few stragglers in the top 100 BNB Chain ecosystem tokens by mcap.This week’s worst performers include:
- Mythos (MYTH): -24.3%
- Spark (SPK): -23.8%
- Subsquid (SQD): -18.9%
Overall, the sector is demonstrating extraordinary strength, but the underperformance of some tokens reaffirms the need to adapt when tokens no longer fit the narrative.
Source: Artemis
It continues to be one of the most efficient chains in terms of on-chain fee revenue, with 2.3 million DAAs paying a combined total of just $834K in fees.
BNB Chain News Roundup
It likely comes as no surprise that one of the most bullish weeks on record was also filled with major updates and developments.
Below, we cover some of the most significant to bring you up to speed: