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Binance Coin is unstoppable, and the ecological moat built by 58 million monthly active users and US$2.4 billion TVL is pushing it to a new historical high. On October 7, the cryptocurrency market once again witnessed a historic moment. The price of BNB (Binance Coin) exceeded the $1,300 mark for the first time, with a market value reaching $179.2 billion, successfully surpassing XRP to become the third largest cryptocurrency by market value. This surge is not an isolated incident. The BNB Chain ecosystem has demonstrated record-breaking strength - with 58 million monthly active users, surpassing competitors such as Solana and NEAR. The meme currency craze and the explosive growth of Aster DEX have jointly promoted BNB’s journey of value discovery.  01 Price performance: Strongly breaking through $1,300, leading the market with a 6% daily increaseAccording to CoinGecko data, BNB strongly exceeded $1,314 on October 7, setting a new all-time high. The daily increase reached 6% and the weekly increase exceeded 18%, which far outperformed most mainstream cryptocurrencies. This landmark breakthrough brought BNB's market capitalization to US$179.2 billion, successfully surpassing XRP (market capitalization of approximately US$172 billion) and ranking among the top three cryptocurrency market capitalization rankings, second only to Bitcoin and Ethereum. Traders are confident about BNB’s prospects. Well-known analysts Crypto King and the BitBull team predict that BNB may climb to $2,000 during this cycle, and there is still more than 50% room for growth from the current price. 02 Ecological drive: 58 million monthly active users, meme currency craze activates the networkBehind the surge in BNB is the explosive growth of its ecosystem. The number of monthly active users of BNB Chain has reached 58 million, which even exceeds popular public chains such as Solana and NEAR. A surge in meme coin activity spurred web traffic. On the Four.Meme platform, the BNB token currently dominates DEX Screener’s trending list. This explosive growth has reinforced BNB’s position as a hub for retail activity and speculative trading. The reduction in network fees has also fueled ecological growth. Developers recently lowered the minimum Gas Price to 0.05 Gwei, making transaction costs as low as $0.01-0.02. Low fees are attracting more users and liquidity to the chain. 03 Protocol Innovation: Aster DEXTVL surges to $2.4 billion, becoming a growth engineOne of the biggest catalysts for BNB’s rise is the explosive growth of decentralized exchange Aster. Since the protocol launched its token, its total value locked (TVL) has surged from $378 million to $2.4 billion, an increase of more than 500%. The innovative design of Aster DEX attracts a large number of liquidity providers and traders. Its token economic model and revenue farm mechanism provide users with extremely attractive rates of return and become an indispensable infrastructure in the BNB Chain ecosystem. The prosperity of decentralized exchanges has also fed back the value capture of BNB. As a native asset on BNB Chain, BNB plays a core role in trading pairs, liquidity mining and governance. The prosperity of the ecosystem directly enhances the practical value of BNB. 04 Market background: Boosted by the general rise in the entire market, CZ’s wealth ranking jumped 21 placesBNB’s surge comes amid general strength in the cryptocurrency market. Bitcoin breaks through $126,000, hitting all-time high ； Ethereum tested $4,700, close to previous highs. The generally positive sentiment in the market amplified BNB’s rising effect. Notably, the wealth of Binance founder Changpeng Zhao (CZ) has risen accordingly. CZ owns 64% of the BNB supply (89.1 million pieces), and its BNB assets are worth more than $89 billion at current prices.  This figure moves him up 21 spots on the Forbes billionaire list, making him one of the richest individuals in the cryptocurrency space. His influence, coupled with the rapid growth of the BNB chain, is solidifying BNB’s dominance in the current market cycle. 05 Future Outlook: US$2,000 is in sight, ecological development determines long-term valueAnalysts generally believe that BNB’s upward trend is not over yet. Technical analysis shows that BNB has broken through the key resistance level, with the next target in the $1,500-1,600 range, and may eventually test the psychological $2,000 mark during this cycle. Ecological development will be a key factor in determining the long-term value of BNB. BNB Chain is actively expanding its DeFi, GameFi and SocialFi ecosystem, aiming to create a diversified blockchain application platform. As Binance Exchange continues to dominate global cryptocurrency trading volume and the BNB Chain ecosystem continues to grow, BNB may be writing a new chapter as the "King of Platform Coins." BNB’s strong performance demonstrates the huge potential for the coordinated development of platform currency and public chain ecology. As the meme coin craze continues to activate network effects, a low-fee environment attracts developers and users, and innovative protocols such as Aster DEX provide value capture mechanisms, BNB has established its core position in the cryptocurrency world. As traders set their sights on the $2,000 target, BNB Chain’s 58 million monthly active users and thriving ecosystem may be providing continued momentum for this journey of value discovery. In this rapidly evolving market, BNB is proving that a strong ecological moat is the ultimate support for the long-term value of cryptocurrency. Disclaimer: This article is for reference only and does not constitute any investment advice. Cryptocurrencies are highly volatile, so do not invest money you cannot afford to lose. Click 👇 to follow Crypto Coin Chain Commune and add ★ star★ |
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