TLDR
- BNB gained 3% in 24 hours, outperforming the CoinDesk 20 index rise of 2.43%.
- Coinbase is reviewing BNB for listing under its new Blue Carpet initiative.
- CMBI tokenized its USD money market fund using BNB Chain’s blockchain tech.
- BNB Chain hit 3.6 million daily active addresses, a new record.
BNB led gains in the crypto market with a 3% rise over 24 hours, beating the broader market’s 2.43% increase. The token’s move followed strong trading activity, Coinbase’s consideration for listing, and growing real-world asset (RWA) tokenization. These developments, including new blockchain use cases and higher adoption rates, pushed BNB to outperform major peers entering the weekend.
Price Movement and Market Reaction
BNB rose from $1,056 to $1,087 within a single trading day and briefly peaked at $1,131 before a slight decline. The movement came as daily trading volume reached 204,000 tokens, nearly triple the average. Analysts from CoinDesk Research said the sharp rise in volume suggests strong interest from traders, including institutional players.
The broader crypto market, tracked by the CoinDesk 20 index, saw a 2.43% increase in the same period. However, BNB led among major tokens. Profit-taking near technical resistance levels likely caused the intraday pullback. The token ended the session still higher on the day, showing resilience in a cautious market environment.
Despite the recent gain, BNB remains 17% below its all-time high of $1,370. The token also showed a $79 intraday range, which points to active trading and price swings during the day.
Coinbase Listing Consideration Boosts Sentiment
Coinbase, one of the leading U.S.-based crypto exchanges, added BNB to its list of assets under review. This comes as part of its new “Blue Carpet” initiative, which aims to expand asset offerings through a public listing review process.
While no final decision has been announced, the listing review alone may increase investor interest and trading volumes. Tokens considered by Coinbase often see more visibility and accessibility to retail and institutional traders in the U.S.
Adding to this momentum, Coinbase’s listing review was announced at a time when the market is watching regulatory moves closely. A listing on Coinbase would place BNB on one of the most regulated platforms in the industry.
Real-World Asset Adoption on BNB Chain
Institutional interest in tokenizing real-world assets using the BNB Chain has increased in recent weeks. China Merchants Bank International (CMBI) issued two tokenized versions of its USD money market fund, named CMBMINT and CMBIMINT, on the BNB Chain. These tokens are available to accredited investors and represent a growing use case for blockchain in traditional finance.
The tokenization aligns with rising demand for more transparent and efficient fund structures. These products aim to bring traditional assets into blockchain environments while maintaining regulatory compliance.
BNB Chain’s growing usage in tokenizing real-world assets reflects its technical ability to support scalable finance-related use cases. According to DeFiLlama, daily active addresses on the BNB Chain recently hit 3.6 million, the highest on record.
Institutional Interest and Network Growth
Institutional accumulation of BNB has grown alongside blockchain activity. Hong Kong-listed China Renaissance is reportedly preparing a $600 million treasury fund focused on BNB. This development suggests longer-term interest from traditional financial institutions in building blockchain exposure through the token.
BNB’s network growth supports this rising interest. The number of active addresses and the volume of decentralized applications on BNB Chain has increased. Developers and enterprises are continuing to choose the network for its transaction speed and cost efficiency.
As more institutions and exchanges explore BNB’s ecosystem, the token is positioned at the center of both trading and blockchain use growth. The current market reaction reflects growing confidence in its utility beyond speculative trading.
