BNB, the token that powers the BNB Chain and is used for fee discounts on Binance, rallied over 4% in the last 24-hour period, pushing past $1,200 and touching an intraday high of $1,223.
The move was fueled by sharp volume spikes, renewed institutional interest, and rising network activity. The rally aligned with BNB Chain reclaiming its spot as the most-used blockchain by active addresses.
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In September, it logged 52.5 million active addresses, surpassing Solana for the first time since August, according to TokenTerminal data. Behind the activity was a sharp rise in decentralized trading and lending on the Aster Protocol, which saw its total value locked jump 570% to $2.34 billion, per DeFiLlama.
Signs of retail momentum also appeared.
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