💥BNB breaks through $710 all-time high, on-chain transaction volume soars!
BNB is going to hit $1,000? 🚀
BNB hits a record high, total value soars by $460 million!
BNB Chain, owned by Binance, has increased its total value by $460 million in the past 30 days. The BNB token hit a record high of $710 yesterday and has now fallen back to $707.89. Since yesterday, the price has risen by 1.2%! 🎉📈
Market enthusiasm is high, $1,000 is just around the corner?
Binance’s official Twitter celebrated the BNB token’s first breakthrough of $700, and many users speculated that BNB will break the $1,000 mark. Well-known crypto trader Crypto Rand speculated, "$1,000 this cycle is surprising." 💬✨
Derivatives market bullish, open interest soars
Derivatives traders' open interest in BNB perpetual contracts has increased significantly, from $614 million to $1.1 billion, showing strong confidence in the future direction of BNB prices. 🔍📊
BNB Chain performs strongly, TVL surges 68%
BNB Chain's total value locked (TVL) has increased by 10% in the past 30 days to $5.83 billion. Since the beginning of the year, TVL has climbed nearly 68%. In the past 14 days, total trading volume has increased by 22%, but the median gas price is still only 1 cent. 💸🌐
BNB Auto-Burn helps prices rise
The 27th quarter of BNB Auto-Burn has burned more than 1.94 million BNB tokens, worth about $1.37 billion. More than a quarter of BNB's circulating supply has been burned, providing strong support for the token's appreciation. 🔥📉
Regulatory pressure and market reaction
Despite regulatory pressure, Binance continues to maintain its market leadership. The rise in Bitcoin prices has a positive impact on BNB, and investor confidence continues to grow. Binance is seeking to dismiss the $12.8 billion lawsuit filed in London, indicating that investors' confidence in Binance has not diminished. 🔒⚖️
Summary
A new high, soaring on-chain transaction volume, and high market enthusiasm. BNB continues to speculate on breaking through $1,000, and its future trend is attracting much attention. Stay tuned, we will bring you more updates! 🚀🌟
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