BNB鏈（BNB）的價格顯示相對彈性，僅比上一個週期的歷史高度低10％

AltCoins年落後於比特幣，但BNB的價格顯示出相對彈性，僅比上一個週期的歷史最高點低10％。

Altcoins have largely lagged Bitcoin year-to-date, but the BNB price shows relative resilience, trading only 10% lower than the previous cycle’s all-time high. BNB Chain also shows robust activity, consistently ranking third in daily transactions, active addresses, and TVL, while leading in the number of DApps. The blockchain’s weakest point is its revenue, which still lags compared to competitors.

AltCoins在很大程度上延遲了比特幣，但BNB價格顯示相對彈性，僅比上一個週期的歷史最高點低10％。 BNB鏈還顯示出強大的活動，在每日交易，主動地址和TVL中始終排名第三，同時領先於DAPP數量。區塊鏈的最弱點是其收入，與競爭對手相比，該收入仍然滯後。

Altcoin price action has been underwhelming for much of the 2023-2026 cycle, pushing many crypto traders to focus primarily on Bitcoin.

在2023-2026週期的大部分時間裡，Altcoin價格行動一直令人不快，這推動了許多加密交易者主要專注於比特幣。

However, with moderate optimism returning to the markets, a closer look reveals that not all altcoins are struggling. In fact, the total altcoin market cap remains solidly above $1 trillion — $1.17 trillion, to be exact — and its 9% surge over the past week offers a glimmer of hope.

但是，隨著中等樂觀的恢復市場，仔細觀察表明，並非所有山寨幣都在掙扎。實際上，總山幣市值仍然穩固地超過1萬億美元（確切地說是11.17萬億美元），並且在過去一周中，其9％的增長帶來了希望。

Among the major altcoins, BNB Chain (BNB) stands out for its relative strength and stability. Currently ranked as the fifth-largest cryptocurrency by market cap, behind BTC, ETH, USDT, and XRP, BNB is valued at around $89 billion.

在主要的AltCoins中，BNB鏈（BNB）因其相對強度和穩定性而脫穎而出。 BNB目前被市值列為市值第五大加密貨幣，僅次於BTC，ETH，USDT和XRP，價值約為890億美元。

Some analysts, like João Wedson, the founder of Alphractal, see it as one of the most resilient altcoins in the current cycle. Using data from the cryptocurrency drawdown heatmap, Wedson highlights that while most major coins started the year with 50% to 70% drawdowns from their previous cycle highs, reached in late 2021, BNB is the only coin to return to positive territory.

一些分析師，例如Alphractal的創始人JoãoWedson，將其視為當前週期中最有彈性的山寨幣之一。 Wedson使用來自加密貨幣降低熱圖的數據，但韋德森強調，儘管大多數主要硬幣始於本年度，其上一個週期高點的縮水量為50％至70％，但在2021年末達到了2021年下半年，但BNB是唯一返回正向領土的硬幣。

For Wedson, this resilience isn’t just about price action — it’s also backed by solid foundations, such as BNB Chain’s well-developed ecosystem and BNB’s rising role in DeFi. He calls BNB “one of the rare altcoins with real utility, strong fundamentals, and growing adoption, making it the strongest-performing altcoin alongside BTC.”

對於Wedson而言，這種韌性不僅僅是價格行動 - 它也得到了堅實的基礎，例如BNB Chain發達的生態系統和BNB在DEFI中的上升作用。他稱BNB為“具有真實效用，強大的基本面和越來越多的收養的稀有山寨幣之一，使其成為BTC旁邊最強大的山寨幣。”

Is BNB really the most resilient altcoin?

BNB真的是最有彈性的山寨幣嗎？

Looking solely at price performance among top smart contract platforms’ coins tells a more nuanced story. BNB has indeed reached a new all-time high during this cycle, but so have XRP (XRP), TRX (TRX), and SOL (SOL) — though in Solana’s case, the new high barely surpassed its 2021 peak by just 1%.

僅查看頂級智能合同平台的硬幣中的價格性能，講述了一個更加細微的故事。在此週期中，BNB確實達到了新的歷史最高水平，但是XRP（XRP），TRX（TRX）和SOL（SOL）也達到了新的高度，儘管在Solana的情況下，新的High幾乎沒有超過其2021峰值1％。

When comparing current prices to their previous cycle highs (mostly from May or November 2021), BNB is now down only about 10%. That’s significantly better than ETH (ETH), which is down 63%, and Solana, down 40%. However, XRP (+19%) and TRX (+49%) have performed even better.

當將當前價格與以前的周期高點進行比較（主要是從2021年5月或11月）進行比較時，BNB現在僅下跌約10％。這要比下跌63％的ETH（ETH）要好得多，而Solana下跌了40％。但是，XRP（+19％）和TRX（+49％）的表現更好。

One of BNB’s monetary advantages lies in its low dilution risk. According to Messari’s Market Cap/Fully Diluted Valuation (FDV) ratio, 96.51% of BNB’s supply is already in circulation. That’s in line with Ethereum (99.93%) and TRX (99.96%), indicating a relatively low risk of future token inflation. In contrast, Solana (86.33%) and especially XRP (58.33%) could face significant future dilution.

BNB的貨幣優勢之一在於其低稀釋風險。根據Messari的市值/完全稀釋的估值（FDV）比率，BNB供應的96.51％已經在流通。這與以太坊（99.93％）和TRX（99.96％）一致，表明未來令牌通貨膨脹的風險相對較低。相比之下，Solana（86.33％），尤其是XRP（58.33％）可能會面臨未來的稀釋稀釋。

While BNB’s price performance has been relatively strong, it alone doesn’t entirely justify its reputation for resilience; fundamentals offer deeper insight.

儘管BNB的價格性能相對較強，但僅憑它並不能完全證明其彈性的聲譽是合理的。基礎知識提供了更深入的見解。

BNB Chain activity drives the altcoin’s value

BNB鏈活動驅動山寨幣的價值

Beyond speculation, BNB’s value is defined by its use in BNB Chain — an umbrella term now used to define both BNB Smart Chain (the original blockchain) and the Beacon Chain (used for governance and staking). BNB Chain specializes in gaming, DeFi, launchpads, and other large-scale consumer DApps. More recently, it also got into the memecoins game, soaking up some of Solana’s volume. Being the key altcoin on the leading centralized exchange also helps.

除了猜測之外，BNB的價值是由其在BNB鏈中的使用來定義的，BNB鏈中的用途 - 現在用來定義BNB智能鏈（原始區塊鏈）和Beaccon鏈（用於治理和靜止）。 BNB連鎖店專門從事遊戲，DEFI，Launchpads和其他大規模消費者DAPP。最近，它也進入了Memecoins遊戲，吸收了Solana的一些音量。作為領先的集中式交易所的主要山寨幣也有幫助。

According to Messari, BNB Chain processes around 4 million daily transactions on average, ahead of Ethereum (1 million), XRP Ledger (1.8 million), but behind Tron (5.5 million) and far behind Solana (54 million non-vote transactions daily).

根據彌賽亞的說法，BNB鏈條工藝平均每天約400萬台交易，比以太坊（100萬），XRP Ledger（180萬），但落後於Tron（550萬），遠遠落後於Solana（每天5400萬個非票價交易）。

In terms of daily active addresses, BNB Chain also performs well with about 1.1 million, beating Ethereum (384,800) and XRP Ledger (55,600), but trailing Tron (2.4 million) and Solana (3.7 million).

在每日活躍地址方面，BNB連鎖店的表現也有約110萬，擊敗以太坊（384,800）和XRP Ledger（55,600），但落後於Tron（240萬）和Solana（370萬）。

Where BNB Chain really shines is in the number of DApps. According to DappRadar, BNB Chain supports 5,686 DApps — more than Ethereum (4,987), with Polygon (2,402) trailing in third. This reinforces Wedson’s assertion of a “massive” BNB ecosystem and places BNB Chain in a strong position to lead the charge once Web3 fully matures.

BNB鏈真正發光的是DAPP的數量。根據Dappradar的說法，BNB鏈支持5,686個DAPP，而不是以太坊（4,987），Polygon（2,402）以第三名落後。這加強了韋德森對“大規模” BNB生態系統的主張，並使BNB鏈處於強大的位置，一旦Web3完全成熟，就可以領導該指控。

BNB Chain also ranks 3rd

BNB鏈也排名第三