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Cryptocurrency News Articles

Binance Coin (BNB) Price Continues to Consolidate as Network Activity Surges

May 02, 2025 at 11:18 pm

Binance Coin continued to consolidate at a crucial resistance level as the number of transactions in the network rose.

Binance Coin (BNB) Price Continues to Consolidate as Network Activity Surges

Binance Coin price continued to consolidate at a crucial resistance level as the number of transactions in the network rose. It also wavered as its staking yield and inflows continued increasing.

Binance Coin (BNB) price was trading at $600 on Friday, not far removed from its April high of $620.

The coin has several catalysts that may push it higher in the next few weeks. Nansen data shows that it is one of the most active chains in the crypto industry, recording over 31 million transactions in the last seven days. This figure surpasses other popular chains like Ethereum (ETH), Arbitrum (ARB), and Polygon.

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BNB’s active addresses rose by 13% in the last seven days to 5.2 million. In contrast, Ethereum had 2 million active addresses in the same period. The chain generated over $3 million in revenue.

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Other articles published on May 03, 2025