BNB All-Time High Driven by Upgrades and Market Rally
BNB, the native token of the BNB Chain, has achieved a new all-time high, fueled by multiple factors including recent network upgrades, increased treasury accumulation, and a broader cryptocurrency market rally. The BNB all-time high comes at a time when both technical and on-chain developments are boosting investor interest.
Background: BNB Price Surges Amid Market Growth
On Friday, BNB reached a record $1,111.90, according to CoinGecko. This milestone represents a 7.4% increase in the last 24 hours and a 17.5% gain over the past week. The surge aligns with a wider market uptick, as the total cryptocurrency market capitalization rose by 1.6% to $4.2 trillion on the same day. Reporting via Cointelegraph.
Recent months have seen treasury companies increasing their BNB holdings. Analysts interviewed by Cointelegraph noted that this trend, combined with the token’s regular burn events, has been a significant driver for the price increase, suggesting more upward potential for BNB all-time high levels. Asset manager Standard Chartered projected in May that BNB could reach $1,275 in 2025, citing expectations that it will follow the performance of assets such as Bitcoin and Ether.
Network Upgrades and On-Chain Metrics
BNB Chain has seen tangible growth in its network activity, reflected in increased transaction volumes and user engagement. Data from analytics platform DefiLlama indicated that the chain’s total locked value (TLV) rose 2.5% in the last 24 hours, reaching $8.23 billion. Active addresses on the blockchain hit 73.24 million last month, the highest level recorded to date.
Transaction volumes on BNB Chain also remain strong, with 4.34 million transactions processed in September, second only to June’s monthly record. These on-chain metrics support the narrative of growing user adoption and network utility fueling the BNB all-time high.
In terms of technical updates, the BNB Chain team implemented a new minimum gas price of 0.05 gwei on Wednesday. According to an official X post, this change aims to offer “faster and cheaper trading.” The BNB Chain team called on wallets, exchanges, and trading platforms to adopt this new pricing standard to ensure consistency across the ecosystem. They also plan to raise the BNB Chain block gas limit from 100 million to 1 billion, enabling higher throughput and supporting complex decentralized applications.
What’s Next: Roadmap for 2025 and Beyond
Looking ahead, the BNB Chain team aims to further scale the blockchain’s capabilities. Their published roadmap for 2025 and 2026 includes plans for increasing transaction speed to 20,000 transactions per second and achieving confirmation times below 150 milliseconds. Additional priorities involve introducing native privacy features, upgrading virtual machines, and rolling out more user-friendly tools for developers and end users.
Previously, two key upgrades landed on the BNB Smart Chain. The Maxwell upgrade in June focused on block speed and validator coordination, while the Lorentz Hard Fork in April improved block times and validator networking, enhancing performance for latency-sensitive applications.
The recent technical developments and robust on-chain growth form the foundation for the BNB all-time high, positioning BNB for continued activity in the evolving cryptocurrency sector. For further updates and analysis on digital asset markets, visit Vizi’s cryptocurrency coverage.
