TLDR
- BNB surpasses $1,100 with a 17.7% rise in 7 days driven by institutional demand.
- Institutional buys from Kazakhstan and Nano Labs push BNB’s market cap to $154.9B.
- BNB Chain’s Maxwell upgrade cuts gas fees and improves transaction speed.
- BNB sets new all-time high as network upgrades fuel adoption and ecosystem growth.
BNB price has surged past $1,112, marking a 17.73% rise over the last seven days and significantly outperforming the broader crypto market. The token’s market cap has now reached $154.9 billion, with 24-hour trading volume spiking by 48.49% to $4.55 billion. This strong rally indicates a decisive breakout above the $1,100 mark, and investors are attributing the gains to rising institutional adoption and major network upgrades.
Institutional Demand Fuels BNB Price Surge
A significant driver behind BNB’s recent rally is a surge in institutional demand. On October 3, Kazakhstan’s Ministry of AI launched the Alem Crypto Fund, with BNB selected as its primary reserve asset. This adds to a growing list of institutional treasury strategies focused on holding BNB for long-term growth.
Windtree Therapeutics, a Nasdaq-listed company, has allocated 99% of its $520 million raise into BNB, and Nano Labs has revealed plans to build a $1 billion BNB treasury. These corporate treasury buys mirror Bitcoin’s strategy, reducing available circulating supply and strengthening long-term demand. Moreover, the prospect of 10X Capital introducing a U.S.-listed BNB treasury vehicle with $160 million in planned holdings is being closely watched.
These investments are reshaping BNB’s narrative, with corporate treasury strategies supporting BNB’s scarcity and reinforcing its appeal to long-term investors.
Network Upgrades Position BNB for Future Growth
BNB’s price surge is also driven by technical upgrades that enhance the network’s capabilities. The Maxwell upgrade, completed on October 3, has introduced key improvements: a 50% reduction in gas fees, now at 0.05 Gwei, and faster block times, reduced from 750ms to 450ms.
These upgrades position BNB Chain as a stronger competitor to high-speed networks like Solana.
Following the Maxwell upgrade, BNB Chain has seen a surge in activity. DEX volume reached $3.4 billion in just 24 hours, while stablecoin supply on the network grew by 6%, hitting $13.46 billion. With lower transaction fees and faster processing speeds, BNB Chain is expected to attract more developers and strengthen its DeFi ecosystem.
BNB Chain Metrics Reflect Robust Growth
Along with the impressive price surge, BNB Chain’s network metrics are showing strong growth. According to DefiLlama, the total locked value (TLV) on BNB Chain has risen by 2.5% in the last 24 hours, reaching $8.23 billion.
Active addresses on the network spiked to 73.24 million last month, marking the highest level recorded.
Transaction volumes have also been increasing, with September recording the second-largest monthly volume at 4.34 million transactions. These metrics signal that BNB Chain is gaining more adoption, with users and developers flocking to its ecosystem for its low-cost and high-speed infrastructure.
BNB Looks Strong Amid Upgrades and Institutional Confidence
The rally in BNB’s price comes amid several positive developments within the ecosystem. As BNB continues to scale, the Maxwell upgrade and rising institutional interest position it for sustained growth.
Looking ahead, BNB plans to further increase its scalability by raising the block gas limit from 100 million to 1 billion, which will support decentralized applications and ensure smooth activity.
Additionally, BNB aims to process up to 20,000 transactions per second by 2026, with confirmation times under 150 milliseconds.
