BNB Chain’s “Old-Fashioned” Approach Drives Institutional Adoption as Token Holds Above $600

With its native currency BNB BNB/USD currently valued at $600, up over 1% in the past 24 hours, Binance-affiliated blockchain BNB Chain keeps

Binance-affiliated blockchain BNB Chain continues to demonstrate remarkable resilience in 2025, as evidenced by its native currency BNB rising by over 1% over the past 24 hours to reach $600.

This persistence can be attributed to several key factors:

* Institutional adoption is heating up, leading to an interesting May 5 proposal by VanEck for the first BNB ETF in the United States. Considering BNB Chain’s connection to Binance, which clocked an astounding $76 trillion in trading volume in 2024 (40% of world spot trading), this ETF would hold a major competitive edge.

“Binance has developed a huge ecosystem where BNB is used extensively,” explained Joao Wedson, CEO of investing analytics platform Alphractal. “Strong fundamental also back this resilience; it is not only about price action.”

* As reported by Standard Chartered, BNB Chain’s Total Value Locked (TVL) has increased from nearly $3.5 billion to more than $6 billion early in 2025. While impressive, this figure pales in comparison to its all-time high of nearly $20 billion, reached in 2022. Notably, the largest DEX in the network, PancakeSwap, contributes to the TVL, which has seen an increase of over $1.5 billion in total.

Concentrated largely on DEXs, loan protocols, and liquid staking, Standard Chartered’s research classifies BNB Chain as a “concentrated and ‘old-fashioned’ smart contract platform.” They add that “while this caps upside potential, it also provides a degree of stability.”

In contrast to other blockchains that frequently introduce new capabilities, BNB Chain has maintained a conservative approach since 2021. Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, describes this as a “tortoise-like” method, providing investors with consistency.

Technical Analysis

Technical indicators suggest that BNB continues to display positive momentum. The MACD is showing a positive crossover, while the Relative Strength Index (RSI) stands at 62, indicating potential for further development before entering overbought territory.

On-chain data reveals significant transactions, with a 10% rise in the past 48 hours and a 15% increase in transaction activity on BNB Chain over the past 24 hours, hinting at strong interest from whales.

Furthermore, BNB’s deflationary tokenomics, with a yearly inflation rate of -5.3%, provides support for long-term value via an automated burn mechanism.

Standard Chartered's Price Targets and Conclusion

Standard Chartered predicts that BNB could increase from its current levels to $1,275 by the end of 2025 and to $2,775 by the end of 2028. This projection represents a potential 359% rise.

The bank's research highlights that "BNB's old-fashioned nature makes it unique among the largest digital assets," leading the institution to recommend it as a benchmark for the entire sector.

Finally, with nearly $2 billion (99% of its supply) existing on the network, the USD1 stablecoin sanctioned by Trump has since been primarily deployed on BNB Chain. Binance's new Alpha asset trading campaign on BNB Chain is also drawing increased interest and liquidity.