BNB Breaks $1,100 Barrier, Outperforming Bitcoin and Dogecoin Amid Ecosystem Momentum

BNB Rally Above $1.1K Drives Surge in Ecosystem Tokens

BNB’s recent push past $1,100 has shifted investor focus toward native BNB Chain tokens, with PancakeSwap’s CAKE surging nearly 30% in the past 24 hours and ASTER rising about 18%. By contrast, meme coins like FLOKI and Simon’s Cat (CAT) remain largely flat, underscoring a preference for tokens with real utility and on-chain activity.

The uptick in activity is partly fueled by endorsements from Binance CEO Changpeng Zhao, highlighting BNB Chain projects and drawing attention to the network’s fifth-ranked token by market cap. Traders often allocate to an ecosystem when its base token climbs, with liquidity staying mostly within that sector. Fee-generating protocols typically lead the charge, followed by high-beta tokens, then meme coins.

CAKE’s rally coincides with deeper liquidity in its core pools and tighter spreads across major trading pairs, while ASTER’s move reflects growing interest in higher-risk, higher-reward plays. Meanwhile, BNB maintained the $1,100 mark through U.S. hours, signaling spot demand rather than leveraged bets as the primary driver.

Futures linked to BNB saw over $97 million in liquidations over the past 24 hours, second only to Ether-linked contracts, according to Coinglass. However, total value locked (TVL) across the BNB Chain ecosystem rose just 2%, indicating that long-term capital is yet to follow the token’s market-beating gains. PancakeSwap recorded roughly $1.3 million in trading fees in the past 24 hours, well below July’s daily average of over $5 million.