🚀 BNB's 12% increase to $620 has crypto enthusiasts buzzing! 🐝 But is it too much, too soon? Mixed signals from on-chain data present several concerns. 😕 While BNB Chain's 7-day trading volume reached a whopping 12.4 billion USD, its TVL is down 55% from its peak. 📉
The overall decline in DeFi may be a factor, but BNB Chain's TVL drop is steeper than Ethereum and Solana. 🤔 However, BNB Chain activity is skyrocketing, with nearly 2 million active addresses interacting with the DApp in the past week. 🎉
What do you think, people? Will BNB's recovery continue or is it just fleeting? Share your thoughts in the comments! 💬👇
