๐ BNB's 12% surge to $620 has crypto enthusiasts buzzing! ๐ But is it too much, too soon? Mixed signals from on-chain data have some scratching their heads. ๐ While BNB Chain's 7-day trading volume hit a whopping $12.4 billion, its TVL is down 55% from its peak. ๐
DeFi's overall contraction might be a factor, but BNB Chain's TVL drop is steeper than Ethereum and Solana. ๐ค Yet, BNB Chain's activity levels are soaring, with nearly 2 million active addresses engaging with DApps in the past week. ๐
What do you think, folks? Is BNB's rally here to stay or just a fleeting moment? Share your thoughts in the comments! ๐ฌ๐