The BNB price is on the rise in tandem with record-breaking activity on the BNB Chain. Over the past month, the BNB Chain has seen an explosive growth in user engagement, with active addresses more than doubling to over 2 million. In addition, transactions reached a staggering 8 million, highlighting the increasing activity on the network, particularly after the ETF frenzy.
Notably, BNB is currently moving on a positive track with its price hitting a three-month high of $677. Many factors, including VanEck’s BNB ETF application, have significantly contributed to the prevailing positive sentiment. Let’s dive into BNB Chain’s remarkable growth and its impact on the token’s price movements.
BNB Price Hits a 3-Month High Amid BNB Chain Growth
According to the multichain AI analytics platform Nansen, the BNB Chain has seen remarkable growth over the past month. The network’s recent milestone includes a substantial surge in its active addresses and transactions. While the active addresses doubled to more than 2 million, transactions surged past 8 million. This development has fueled intense investor enthusiasm, triggering a BNB price surge.
Driven by the overall positive momentum within the BNB Chain ecosystem, the token hit a three-month high of $677. As of press time, BNB is trading at $661.31, up by 5.36%. Over the past week and month, the token has seen more notable growth of 10.3% and 14.5%, respectively. This bullish sentiment is reflected in the massive 34% surge in the 24-hour trading volume, which hit $2.71 billion.
Institutional Adoption and DeFi Activity Grow
In addition, the BNB Chain is experiencing growing institutional interest and DeFi activity, which, in turn, impacts the BNB price. Recently, the network has seen massive multibillion-dollar investments flowing into DeFi protocols, with the total value locked (TVL) jumping from $3.5 billion in early 2024 to over $6 billion as of May 7, 2025 — a 71% increase year-to-date. Commenting on the favorable aspects of BNB, Standard Chartered wrote,
BNB Chain remains a more concentrated, old-fashioned smart contract platform compared to rivals like Ethereum and Solana. But this structure provides a degree of stability, which may be appealing in volatile macroeconomic conditions.
What Drives BNB Price Up?
The BNB Chain’s exponential growth and the coin price surge could be attributed to multiple factors, including asset manager VanEck’s S-1 form filing to launch the first-ever BNB ETF. In addition, the 90% drop on the BSC Chain has also boosted the token price. As CoinGape recently reported, the BNB price is on the cusp of a rally to $700.
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