BNB Climbs as Faster Blocks and Tokenized Stocks Spark Investor Interest
2025-07-09 16:37:04
Main Idea
BNB's price increased by 0.6% due to technical upgrades like faster block times and new use cases such as tokenized equities, despite facing resistance near $664.20.
Key Points
1. BNB Chain's Maxwell hard fork reduced block times from 1.5 seconds to 0.75 seconds, improving transaction speed.
2. Tokenized equities by Kraken and Backed Finance, available in 185 markets outside the U.S., contributed to BNB's growth.
3. BNB Chain has around $6 billion in total value locked, positioning itself as a faster alternative in the market.
4. BNB faced resistance near $664.20 during early trading, with a late-session pullback to around $661.75.
5. The CoinDesk 20 index increased by 2.7% in the past 24 hours amid announced tariffs by U.S. President Donald Trump.
Description
BNB Chain’s native token, BNB, is pushing higher as technical upgrades and fresh use cases draw investors into the network. The token climbed about 0.6% over the last 24 hours, riding a wave of heavy trading volumes and optimism tied to plans for tokenized stock offerings. Late last month, BNB Chain launched its so-called Maxwell hard fork , slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in...
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