BNB price nears breakout as key network metrics surge
2025-06-30 14:42:30
Main Idea
BNB Chain's BNB token reached $655, its highest since June 12, with significant growth in network activity, transaction volume, and upgrades enhancing performance.
Key Points
1. BNB rose to $655, marking an 8.65% increase from its June low and reaching its highest point since June 12.
2. BNB Chain's active addresses increased by 7.4% to 24.9 million, with transaction volume hitting a record $166 billion in June.
3. The network's stablecoin-adjusted transaction volume exceeded $340 billion, with unique stablecoin-holding addresses growing by 13% to 12 million.
4. BNB Chain introduced the Maxwell upgrade, aiming to reduce block times to 75 seconds, following earlier upgrades like Pascal and Lorentz.
5. BNB's price chart shows a bullish trend, with the token surpassing key moving averages and oscillators indicating positive momentum.
Description
Binance Coin price has rebounded in recent days and may be on the verge of further gains as a bullish technical pattern takes shape and key on-chain metrics improve. Binance Coin ( BNB ) rose to $655, its highest point since June 12, and 8.65% from its lowest level in June. According to third-party data, the BNB Chain network has become one of the fastest in the crypto industry. Nansen reports that the number of transactions on the network jumped by 160% in June, reaching 425 million. This growt...
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