Transaction Surge Fuels BNB Rally; Decentralized Exchange Volume Hits $100B

BNB Rallies as On-Chain Activity Explodes, DEX Volume Surpasses $100 Billion

BNB continued its upward momentum Monday, defying broader market nerves sparked by Middle East tensions, as the Binance-backed blockchain recorded a staggering spike in usage.

The BNB Chain recently hit a new milestone with over 16 million daily transactions, a dramatic increase from around 4 million earlier this year, according to data from Nansen. The uptick in network activity has played a crucial role in supporting BNB’s price, which climbed to $658 before consolidating around $646.

Leading the charge was PancakeSwap, the chain’s primary decentralized exchange, which alone processed $2.7 billion in daily volume. Combined, BNB Chain’s decentralized exchanges handled more than $104 billion in trading volume over the past month, outpacing activity on Solana and Ethereum, DeFiLlama reports.

This surge in adoption has helped BNB brush off broader volatility that briefly sent bitcoin below $104,000 amid escalating tensions between Iran and Israel. Despite macro headwinds, BNB’s price structure shows bullish continuation, supported by rising volume and consistent higher lows.

While open interest in BNB derivatives declined 6.9% to $750 million, potentially signaling caution from leveraged traders, sentiment across the crypto market remained stable. The Crypto Fear & Greed Index hovered at 51, reflecting neutral investor sentiment.

BNB’s recent price action suggests that the network’s fundamentals are strengthening just as investor focus shifts back to real-world utility and on-chain activity.