Binance’s BNB Demonstrates Strong Resilience Amid Market Volatility

BNB, the native token of the Binance Smart Chain, has shown remarkable resilience in the face of market fluctuations, supported by robust on-chain demand and significant growth in the Binance Smart Chain ecosystem. This article delves into the key factors driving BNB’s recent performance and what it means for investors.

BNB Shows Strong Resilience, Potential Capital Rotation

BNB has demonstrated resilience among high-cap altcoins, supported by rising on-chain demand. Binance Smart Chain’s Q1 performance highlights increased on-chain demand, with a 70% QoQ revenue growth driven by heightened user engagement and DeFi expansion. The chain’s total value locked has reclaimed its early February peak, signaling renewed liquidity inflows. Concurrently, BNB has bounced nearly 6% from its $524 dip. This uptick, coupled with increasing DEX volume, points to potential capital rotation toward BNB.

Binance’s CZ Joins Pakistan Crypto Council as Strategic Advisor

Binance founder Changpeng Zhao has been appointed Strategic Advisor to Pakistan’s Crypto Council. This move underscores Pakistan’s growing interest in digital assets and its intent to become a regional Web3 hub. Zhao’s advisory role will focus on regulatory strategy, infrastructure development, and broader crypto adoption initiatives. The appointment was confirmed by the country’s finance ministry and reported by Bloomberg on 7 April.