Binance Coin Reaches $675 Ahead of Maxwell Upgrade

Binance Coin reached $675 on Monday, trading at its highest level since February 25. The token has maintained steady performance while investors await the upcoming Maxwell upgrade.

Binance Coin (BNB) reached $675 on Monday, trading at its highest level since February 25. The token has maintained steady performance despite market volatility.

The BNB developers have rolled out multiple network improvements throughout the year, which might explain the token’s stability as investors await the upcoming Maxwell upgrade. In April, the Lorentz upgrade increased block processing speed. The average block time dropped from 3 seconds to 1.5 seconds.

The network improvement also saw the integration of the Atomic units, enabling cross-chain interoperability for BNB Beacon Chain and other chains. Moreover, the upgrade saw the launch of the Segregated Witness (SW) for the BNB Chain to increase transaction throughput.

Earlier in 2025, the Pascal upgrade saw deeper integration with Ethereum. The move was designed to attract more decentralized applications (dApps) and facilitate a seamless migration from Ethereum (ETH) to BNB Smart Chain.

The Maxwell upgrade is scheduled for June and will further reduce the block time to 0.50 seconds. This positions BNB Smart Chain to compete directly with Solana and Ethereum for developer adoption.

Network Activity Reaches Multi-Year HighStablecoin supply on BNB Smart Chain has grown to $10.1 billion. This marks the highest level since November 2022. Tether supply increased 15% over 30 days to reach $6 billion. World Liberty’s USD1 stablecoin holds over $2.1 billion in assets.

Other major stablecoins include USD Coin, USDX, and Binance Peg BUSD. Rising stablecoin supply indicates increased network activity since these tokens serve as primary trading currencies.

DEX volume on BNB Smart Chain processed over $102 billion this month. This represents the highest volume since November 2021.

The volume dropped sharply from last month’s $29.9 billion. PancakeSwap dominates the trading activity with $92.33 billion in monthly volume.

The platform handled $50.4 billion over 30 days and $9.9 billion in the last 24 hours. PancakeSwap’s cumulative volume has reached over $1.6 trillion. Uniswap processed nearly $5 billion in monthly volume and $3.95 billion weekly.DeFi Ecosystem ExpansionTotal value locked in BNB Smart Chain DeFi protocols reached $9.32 billion. This marks the highest TVL since May 2022.

Leading dApps include PancakeSwap, Venus, Lista DAO, and KernelDAO. Lista DAO’s assets increased over 50% in the past 30 days.

The growth positions BNB Smart Chain among the largest blockchain ecosystems in cryptocurrency.

BNB price shows technical consolidation above the $665 support zone. The token trades below $675 and the 100-hourly simple moving average.

A cup-and-handle pattern has formed on the weekly chart. The pattern’s depth suggests a potential price target of $1,100.

Immediate resistance levels sit at $672 and $677. A break above $677 could push prices toward $680 and $685. The MACD indicator shows bullish momentum on hourly timeframes. Support levels remain at $665, $662, and $655.