BNB eyes $809 ATH: 2 major factors fueling its next leg

Key Points

1. BNB gained 1.87% in 24 hours, approaching its all-time high of $809, driven by rising on-chain activity and institutional capital.

2. BNB's daily DEX volume reached $3.936 billion, surpassing Ethereum by over $1.5 billion, with a 30-day cumulative volume of $189.2 billion.

3. Wallet adoption surged by 62%, adding over 180,000 new addresses to BNB Smart Chain.

4. Derivatives market data shows bullish trends, with a Taker Buy/Sell Ratio of 1.1 and positive Open Interest Weighted Funding Rates.

5. Windtree Therapeutics established a $520 million BNB treasury fund, signaling long-term institutional confidence in BNB.