在2023年停滯一段時間後，Binance隸屬的BNB鏈已經反彈

這種韌性不僅僅是價格行動 - 強大的基本面也支持它。 Binance建立了一個大型生態系統，其中BNB廣泛使用。

Binance-affiliated BNB Chain has rebounded in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.

在加速機構和分散的金融（DEFI）採用的加速度，Binance隸屬的BNB連鎖店已在2023年反彈。

During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, U.S. exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.

在過去的一年中，BNB連鎖店受益於數十億美元的資金，美國交易所交易基金（ETFS）和附屬集中式交易所（CEX）二元交易量的增加。

Consequently, the blockchain network's native BNB token (BNB) has emerged as among the market's most resilient cryptocurrencies, surging to all-time highs in the first quarter of 2025 even as the broader crypto market trended downward.

因此，區塊鍊網絡的本地BNB代幣（BNB）已成為市場最有彈性的加密貨幣之一，即使更廣泛的加密貨幣市場也向下趨勢，在2025年第一季度的歷史高潮。

"This resilience isn't just about price action - strong fundamentals also back it," Joao Wedson, CEO of investing analytics platform Alphractal, said in an April X post.

投資分析平台Alphractal的首席執行官Joao Wedson在4月X帖子中說：“這種韌性不僅涉及價格行動 - 強大的基本面也支持它。”

"Binance has built a massive ecosystem where BNB is used extensively," Wedson added.

韋德森補充說：“ Binance建立了一個龐大的生態系統，其中BNB廣泛使用。”

Asset manager Standard Chartered expects the BNB token's price to continue to rise, reaching highs of $2,775 by the end of 2028.

Asset Manager Standard Chartered預計，BNB代幣的價格將繼續上漲，到2028年底，達到2,775美元。

As of May 7, BNB trades at around $600 per coin. It has a market capitalization of nearly $85 billion, according to CoinMarketCap.

截至5月7日，BNB的交易價格約為每枚硬幣600美元。根據CoinMarketCap的數據，它的市值近850億美元。

Meanwhile, asset manager VanEck proposed on May 5 the first BNB ETF in the United States.

同時，資產經理Vaneck於5月5日提議美國第一國民黨ETF。

Related: Standard Chartered predicts BNB will more than double in 2025

相關：標準特許預測BNB將在2025年兩倍多

DeFi inflows

Defi流入

Since the start of 2024, BNB Chain's TVL has increased from around $3.5 billion to more than $6 billion, according to data from DefiLlama. It still hasn't recovered fully to all-time highs of more than $20 billion in 2022.

根據Defillama的數據，自2024年初以來，BNB Chain的TVL已從35億美元增加到超過60億美元。在2022年，它仍然沒有完全恢復到超過200億美元的歷史高潮。

As of May 7, BNB Chain ranks fourth among layer-1 blockchain networks by TVL, the data shows.

數據顯示，截至5月7日，BNB鏈在TVL中排名第1層區塊鍊網絡中排名第四。

According to Standard Chartered, BNB Chain's "use cases remain almost entirely on decentralised exchanges [DEXs], lending protocols, and liquid staking. This makes it a much more concentrated and 'old-fashioned' smart contract platform than rivals," it said in a May research note reviewed by Cointelegraph.

根據標準包機的說法，BNB連鎖店的“用例幾乎完全放在分散的交易所[DEX]，貸款方案和液體儲存率上。這使得與競爭對手相比，這使得它更加集中和“老式”的智能合同平台。”

"While this caps upside potential, it also provides a degree of stability," according to the asset manager.

資產經理說：“儘管這具有上行潛力，但它也提供了一定程度的穩定性。”

PancakeSwap is among BNB Chain's largest DEXs, with roughly $1.5 billion in TVL, according to DefiLlama.

根據Defillama的說法，Pancakeswap是BNB連鎖店最大的DEX之一，大約15億美元的TVL。

Institutional adoption

機構採用

Institutional adoption is growing on the blockchain network, with performance partly driven by its ties to Binance, the network's affiliated CEX.

機構採用在區塊鍊網絡上正在增長，其性能部分是由該網絡附屬CEX的Binance與Binance的聯繫所驅動的。

The exchange clocked an all-time high trading volume of around $76 trillion in 2024. It accounts for roughly 40% of spot trading volumes globally, according to Standard Chartered.

根據《標準憲章》（Standard Chartered）的說法，該交易所的歷史最高交易量約為2024年的76萬億美元。根據《標準憲章》（Standard Chartered）的數據，它約佔全球現貨交易量的40％。

In addition, U.S. President Donald Trump-backed stablecoin USD1 has been issued primarily on the BNB Chain. Data from BscScan shows that more than $2 billion worth of USD1 - or 99% of its circulating supply - has been issued on BNB Chain.

此外，美國總統唐納德·特朗普（Donald Trump）支持的Stablecoin USD1主要是在BNB連鎖店發行的。 BSCSCAN的數據顯示，BNB鏈中已發行了超過20億美元的1美元（或其循環供應量的99％）。

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