BNB mindshare spikes 251% in a week, as markets eye low-cost chains

BNB mindshare has surged over 250% in just a week, according to Messari, with the native token crossing $1,330 for the first time after gains of over 27%. An analyst from BTC Markets attributed this surge to a market shift toward high-throughput, low-cost chains. BNB’s market capitalization jumped from around $140 billion to a peak of over $183 billion, making it the third-largest cryptocurrency, surpassing Tether and XRP. The recent interest in memecoins has driven retail engagement, further boosting BNB's trading activity. A $1 billion builder fund was launched to support developers on BNB Chain, indicating a strong commitment to ecosystem growth. User metrics have also improved, with total locked value hitting $9.26 billion and active addresses reaching 73.24 million. Despite concerns about being overbought, the fundamentals of BNB, including real utility and growing developer traction, provide a solid foundation for its momentum.

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