Binance Coin (BNB) at Critical Juncture: DEX Volume Explosion Could Make or Break It
BNB teeters on the edge—pump or dump hinges on decentralized exchange frenzy.
Decentralized exchanges are stealing the show, and Binance's native token is feeling the heat. Surging DEX volumes threaten to rewrite the rules of engagement for CEX giants—ironic, given how much they've mocked 'degen' traders.
Key pressure points:
- Liquidity wars: BNB's utility faces its toughest test yet as traders bypass centralized bottlenecks
- Chain reaction: Binance Smart Chain activity mirrors the make-or-break tension of 2021's DeFi summer
Wall Street analysts would call this 'disintermediation.' Crypto natives call it Tuesday. Either way, BNB's next move will separate the HODLers from the bagholders.
From $191b in DEX volume to 14.8m addresses
Binance Coin’s token reached a high of $765, up over 50% from its lowest level this year, and increased its market cap to over $103 billion.
The BNB price soared due to its ongoing ecosystem growth. One of its strongest areas is in the decentralized exchange industry, where it has surpassed its top competitors, including Solana (SOL) and Ethereum (ETH).
The chain, helped by PancakeSwap (CAKE), handled over $191 billion in the last 30 days. That figure is significantly higher than what protocols in Solana, Ethereum, Base, Polygon, and Arbitrum handle, combined.
BNB Chain’s weekly DEX volume jumped to over $45 billion. It has remained above $40 billion in the past five consecutive weeks.
The BNB price surged after the U.S. Congress passed the stablecoin GENIUS Act, which TRUMP signed into law on Friday. This bill matters to BNB because its network is one of the biggest processors of stablecoins.
Data shows that its stablecoin supply increased by 5% over the last 30 days to exceed $11.1 billion. It has over 14.8 million stablecoin addresses, higher than Tron’s 10 million. It processed over 513 million stablecoin transactions worth more than $295 billion.
BNB price has also jumped because of its high deflation characteristic as it incinerates tokens worth over $1 billion a month. Its goal is to reduce the circulating BNB tokens from 130 million to 100 million over time.
BNB price technical analysis
The daily chart shows that the BNB token price has been in a strong bull run in the past few days. This surge pushed it above the key resistance level at $692, the upper side of the ascending triangle pattern.
BNB price has remained above the 50-day and 100-day Exponential Moving Averages. Its ADX indicator has jumped to 31, and is pointing upwards. An ADX figure of 25 or above indicates that a trend is strengthening.
Therefore, the token will likely continue rising as bulls target the make-or-break point at $792, its highest point in November last year. Moving above that level will likely lead to further gains, potentially reaching $1,000.
