7 days ago
BNB Chain News: BNB Hits ATH as Treasury Companies Expand
TL;DR:
Altcoin rally: BNB sector hits ATH mcap, +$24.4B weekly.
BNB up 14.1%; ecosystem tokens surge, TVL +9.4%, leaders include $SPK & $SLP.
Key news: Nano Labs & Windtree treasuries; DIA partnerships; L1 upgrade plans.
Bitcoin's dominance is breaking down, sending altcoins soaring. With the CMC Crypto Fear and Greed Index now squarely in the greed category, it's safe to say bullish sentiment has returned.
With that in mind, let's see how the BNB Chain sector shaped up this week.
BNB Chain Market Recap
The BNB Chain sector is on fire, with an across-the-board pump sending its market capitalization (mcap) to an all-time high (ATH).
More than $24.4 billion was added to the sector in one of the best weeks on record.
Much of this growth is attributed to the standout performance of BNB, which added 14.1% this week and briefly tapped a new ATH of $804.
A wave of green was also seen throughout the BNB Chain ecosystem, with some of the best-performing BEP-20 assets adding upwards of 40% week-on-week.
This week's best performers and their likely catalysts (if known) include:
Spark (SPK): +250.8% (spike in staking due to Ignition Airdrop Phase 2)
DIA (DIA): +122.9% (back-to-back partnership announcements with Hydration & Plume)
Smooth Love Potion (SLP): +65% (unclear catalyst)
Tagger (TAG): +54.1% (investment from BNB Chain Incentive Program)
Caldera (ERA): +46.1% (multi-exchange listing, incl. Binance and Coinbase)
That said, a handful of laggards failed to benefit from the pump. This week's worst performers include:
Chintai (CHEX): -25.8%
Banana For Scale (BANANAS31): -14.2%
1inch network (1INCH): -12.1%
The BNB Chain platform continues to compare favorably with competing L1s.
Per data from Artemis, it leads the competition in terms of daily transaction counts (edging out Solana when discounting vote transactions) as well as on-chain trading volume—regularly clocking in upwards of $9 billion in daily DEX volume.
When it comes to daily active addresses and stablecoin transfer volume, it's neck-and-neck with TRON.
Source: DefiLlama
Overall, the platform grew its TVL by 9.4% this week, with a significant uptick in Binance Staked ETH deposits.
BNB Chain News Roundup
The recent bullish momentum was underpinned by a wave of positive developments and updates, helping to improve sentiment.
Some of this week's most significant updates include:
Nano Labs Lifts BNB Reserve to 120K Tokens: The Hong Kong chipmaker expanded its strategic stash to 120,000 BNB (~$90M) and said it will upgrade its BNB reserve strategy, reinforcing its long‑term pivot into Web3 infrastructure.
Windtree Therapeutics Plans Up to $200M BNB Treasury: Windtree unveiled a corporate BNB reserve strategy targeting $200M, positioning itself as a major institutional holder and aligning with Build & Build Corp's accumulation push.
DIA Links Up With Hydration & Plume: On July 21 and 22, DIA announced integrations with Hydration (Polkadot lending) and Plume (RWA rollup), supplying source-level oracle feeds to both. The move helps to broaden cross-chain data pipes and potential liquidity routes for BNB Chain projects.
BNB Chain Teases Ultra-Fast Private L1: A recent blog post outlined plans for several upgrades to BNB Chain, aiming to deliver a next‑gen layer 1: sub‑150 ms finality, 20K+ TPS, Rust client, 10x gas limit, and native privacy.
>> That's all for this update. Check in next week for more BNB Chain updates and analyses.
