BNB, the utility token powering the BNB Chain — Binance’s layer-1 blockchain — has climbed to a fresh all-time high, fueled by upcoming network upgrades and a stronger market-wide uptrend.
According to CoinGecko, BNB touched $1,111.90 on Friday, marking a 7.4% daily gain and a 17.5% surge over the past week. The milestone comes as more corporate treasuries continue accumulating the token. Analysts previously noted that treasury demand, alongside Binance’s routine token burns, has been a major driver of BNB’s performance and could leave further upside potential.
Back in May, Standard Chartered forecasted that BNB could peak at $1,275 in 2025, moving in step with Bitcoin and Ethereum.
The broader crypto market also saw a lift on Friday, with the global market cap advancing 1.6% to reach $4.2 trillion.
On-Chain Activity Expands
User engagement on BNB Chain has mirrored the token’s rally. Data from DefiLlama shows the network’s total value locked (TVL) increased by 2.5% in the last 24 hours, bringing it to $8.23 billion.
Active wallet addresses jumped to 73.24 million in September, the highest level ever recorded, while transaction volumes hit 4.34 million for the month — the second largest in the chain’s history after June’s peak.
The strong on-chain growth comes despite a recent security scare. Just this week, BNB Chain’s official X account was hijacked, with attackers pushing phishing links aimed at draining users’ crypto wallets.
What’s Next for BNB Chain
The network is preparing for a series of technical enhancements designed to make it faster and more scalable. Validators recently approved a new minimum gas fee of 0.05 gwei, which the BNB team says will translate into cheaper and quicker transactions.
In an update shared on X, the developers urged wallets, centralized exchanges, and trading platforms to adopt the new fee standard “to keep BNB Chain the leading hub for on-chain activity.”
Looking ahead, the roadmap includes plans to raise the block gas limit from 100 million to 1 billion over the next year, ensuring the chain can handle heavier traffic across DeFi and decentralized apps.
By 2026, BNB Chain aims to roll out an architecture capable of processing 20,000 transactions per second with sub-150 millisecond confirmations. Other priorities include built-in privacy features, improved virtual machines, and tools to make development more accessible.
Earlier 2025 Upgrades
BNB Chain has already implemented two significant upgrades this year. The Maxwell upgrade in June improved block creation, validator coordination, and overall network efficiency — fueling speculation that BNB’s rally was imminent.
Meanwhile, April’s Lorentz Hard Fork shortened block times and enhanced validator networking, boosting the chain’s ability to handle latency-sensitive applications.
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