标准租用

对于英国银行标准的全球数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）来说，这是与binance链接的代币价格飙升的价格。

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

比特币拥有交易所交易的资金。 Solana有成人。和Binance的BNB？这是老派。

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

对于英国银行标准的全球数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）来说，这是与binance链接的代币价格飙升的价格。

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）在本周的一份报告中写道，与以太坊和雪崩等竞争对手相比，它对分散的金融服务的使用将激发它的促进，并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.

他说：“ BNB的老式性质使其在最大的数字资产中独一无二。”

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）预测，到2025年底，这将弹出BNB的价格至1,275美元，到2028年底，Crest $ 2,775，比周三的605美元价格上涨了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将如何提高这种增长？肯德里克说，钥匙是可预测性，令牌的供应减少及其与Binance的联系。

Predictability

可预测性

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

肯德里克写道，BNB的可预测性来自其稳定的“乌龟般”发展方法。

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.

其他区块链也参加了实施新功能的比赛 - 例如，以太坊的Pectra升级将于5月7日上线 - 但BNB自2021年以来一直保持不变。

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.

在以太坊拥有超过100万个验证器的地方，BNB只有45个，每24小时当选每24小时以维护网络。它的授权机制根据将每个节点放置在BNB代币的总数中选出这些验证器。

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

肯德里克写道：“这使BNB相对于其他连锁店高度集中。”

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.

这些因素意味着，BNB“几乎完全与2021年5月的回报和波动性以来，与未加权的比特币和以太坊完全一致，”肯德里克说。

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）写道。

Diminishing supply

供应减少

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

Kendrick说，BNB的放气模型也有助于可预测性。

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

BNB的年度通货膨胀率为-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.

它通过自动燃烧机制实现了这一速率，该机制根据其价格和区块链产生的区块数量删除了不同数量的令牌。

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

该网络还燃烧了每个季度意外丢失的令牌。

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

烧伤始于2022年，在2022年第1季度，约1.5亿美元，到42022年的7.5亿美元。

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.

代币在2023年初的价格约为230美元，到2023年底，标准特许期预计价格为1,275美元。

Binance ties

Binance关系

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

BNB还可以从与世界上最大的集中加密货币交易所二元公司的联系中受益。

“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）写道：“假设Binance仍然是最大的CEX之一，BNB的价值驱动因素不太可能很快改变。”

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小时的24小时数量中的票房高达120亿美元，并且仍然是集中式交易所的领导者，但其市场份额一直在下滑。

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

根据肯德里克（Kendrick）的说法，它在所有交易量中的份额从2023年的总交易高峰下降到40％。

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

这120亿美元的数字几乎是最接近的竞争者MEXC。 Binance也有5700万个每月用户。

BNB’s relationship with Binance gives it an advantage.

BNB与Binance的关系带来了优势。

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

持有人在平台上获得折扣交易费用，无论区块链是否进行创新，都会创建实用公用事业。