標準租用

對於英國銀行標準的全球數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）來說，這是與binance鏈接的代幣價格飆升的價格。

Bitcoin has exchange-traded funds. Solana has memecoins. And Binance’s BNB? It’s old school.

比特幣擁有交易所交易的資金。 Solana有成人。和Binance的BNB？這是老派。

For Geoffrey Kendrick, global head of digital assets research at UK bank Standard Chartered, the Binance-linked token’s price it set to soar.

對於英國銀行標準的全球數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）來說，這是與binance鏈接的代幣價格飆升的價格。

That surge will be fuelled by its usage on decentralised finance services and it operating more like a concentrated smart-contract platform than rivals like Ethereum and Avalanche, Kendrick wrote in a report this week.

肯德里克（Kendrick）在本週的一份報告中寫道，與以太坊和雪崩等競爭對手相比，它對分散的金融服務的使用將激發它的促進，並且更像是集中的智能合同平台。

“BNB’s old-fashioned nature makes it unique among the largest digital assets,” he said.

他說：“ BNB的老式性質使其在最大的數字資產中獨一無二。”

And Kendrick predicted that this will catapult BNB’s price to $1,275 by the end of 2025, and crest $2,775 by the end of 2028 — a 359% increase from Wednesday’s $605 price.

肯德里克（Kendrick）預測，到2025年底，這將彈出BNB的價格至1,275美元，到2028年底，Crest $ 2,775，比周三的605美元價格上漲了359％。

How will BNB pull off that increase? The keys are predictability, the token’s diminishing supply, and its connection to Binance, Kendrick said.

BNB將如何提高這種增長？肯德里克說，鑰匙是可預測性，令牌的供應減少及其與Binance的聯繫。

Predictability

可預測性

BNB’s predictability comes from its steady, “tortoise-like” approach to development, Kendrick wrote.

肯德里克寫道，BNB的可預測性來自其穩定的“烏龜般”發展方法。

Other blockchains have raced to implement new features — for instance, Ethereum’s Pectra upgrade will go live on May 7 — but BNB has remained mostly the same since 2021.

其他區塊鏈也參加了實施新功能的比賽 - 例如，以太坊的Pectra升級將於5月7日上線 - 但BNB自2021年以來一直保持不變。

And where Ethereum has over 1 million validators, BNB only has 45 that are elected every 24 hours to maintain the network. Its proof-of-authority mechanism elects those validators based on the total number of BNB tokens staked to each node.

在以太坊擁有超過100萬個驗證器的地方，BNB只有45個，每24小時當選每24小時以維護網絡。它的授權機制根據將每個節點放置在BNB代幣的總數中選出這些驗證器。

“This makes BNB highly centralised relative to other chains,” Kendrick wrote.

肯德里克寫道：“這使BNB相對於其他連鎖店高度集中。”

These factors have meant BNB has traded “almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” said Kendrick.

這些因素意味著，BNB“幾乎完全與2021年5月的回報和波動性以來，與未加權的比特幣和以太坊完全一致，”肯德里克說。

BNB’s resistance to change, fostered by the mix of a lower developer-base and it’s slow-and-steady approach, suggests that one of its use-cases is that of a can be used “as a benchmark for digital assets overall,” Kendrick wrote.

肯德里克（Kendrick）寫道。

Diminishing supply

供應減少

The predictability is also helped by BNB’s deflationary model, Kendrick said.

Kendrick說，BNB的放氣模型也有助於可預測性。

BNB’s has a yearly inflation rate of -5.3%.

BNB的年度通貨膨脹率為-5.3％。

It has achieved that rate by an automated burn mechanism that deletes a varying amount of tokens depending on its price and the number of blocks generated by the blockchain.

它通過自動燃燒機制實現了這一速率，該機制根據其價格和區塊鏈產生的區塊數量刪除了不同數量的令牌。

The network also burns tokens that are accidentally lost each quarter.

該網絡還燃燒了每個季度意外丟失的令牌。

The burns began in 2022 with around $150 million in Q1 2022 to $750 million in Q4 2022.

燒傷始於2022年，在2022年第1季度，約1.5億美元，到42022年的7.5億美元。

The token’s price at the start of 2023 was around $230 and by the end of 2023, Standard Chartered expects the price to be $1,275.

代幣在2023年初的價格約為230美元，到2023年底，標準特許期預計價格為1,275美元。

Binance ties

Binance關係

BNB also stands to benefit from its connection to Binance, the world’s largest centralised cryptocurrency exchange.

BNB還可以從與世界上最大的集中加密貨幣交易所二元公司的聯繫中受益。

“Assuming Binance remains one of the largest CEXs, BNB’s value drivers are unlikely to change anytime soon,” Kendrick wrote.

肯德里克（Kendrick）寫道：“假設Binance仍然是最大的CEX之一，BNB的價值驅動因素不太可能很快改變。”

Binance processes a whopping $12 billion in 24-hour volume and is still the leader among centralised exchanges, but its market share has been sliding.

Binance在24小時的24小時數量中的票房高達120億美元，並且仍然是集中式交易所的領導者，但其市場份額一直在下滑。

Its share of all trading volume fell to 40% from a 63% peak on total trades back in 2023, according to Kendrick.

根據肯德里克（Kendrick）的說法，它在所有交易量中的份額從2023年的總交易高峰下降到40％。

That $12 billion figure is nearly five times its closest contender, MEXC. Binance also has 57 million monthly users.

這120億美元的數字幾乎是最接近的競爭者MEXC。 Binance也有5700萬個每月用戶。

BNB’s relationship with Binance gives it an advantage.

BNB與Binance的關係帶來了優勢。

Holders receive discounted trading fees on the platform, creating practical utility regardless of whether the blockchain innovates.

持有人在平台上獲得折扣交易費用，無論區塊鍊是否進行創新，都會創建實用公用事業。