在2023年停滞一段时间后，Binance隶属的BNB链已经反弹

这种韧性不仅仅是价格行动 - 强大的基本面也支持它。 Binance建立了一个大型生态系统，其中BNB广泛使用。

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

在加速机构和分散的金融（DEFI）采用的加速度，Binance隶属的BNB连锁店已在2023年反弹。

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.

在过去的一年中，BNB连锁店受益于数十亿美元的资金，美国交易所交易基金（ETFS）和附属集中式交易所（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，区块链网络的本地BNB代币（BNB）已成为市场最有弹性的加密货币之一，即使更广泛的加密货币市场也向下趋势，在2025年第一季度的历史高潮。

"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.

投资分析平台Alphractal的首席执行官Joao Wedson在4月X帖子中说：“这种韧性不仅涉及价格行动 - 强大的基本面也支持它。”

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

韦德森补充说：“ Binance建立了一个庞大的生态系统，其中BNB广泛使用。”

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预计，BNB代币的价格将继续上涨，到2028年底，达到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的交易价格约为每枚硬币600美元。根据CoinMarketCap的数据，它的市值近850亿美元。

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

同时，资产经理Vaneck于5月5日提议美国第一国民党ETF。

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

相关：标准特许预测BNB将在2025年两倍多

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.

根据Defillama的数据，自2024年初以来，BNB Chain的TVL已从35亿美元增加到超过60亿美元。在2022年，它仍然没有完全恢复到超过200亿美元的历史高潮。

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

数据显示，截至5月7日，BNB链在TVL中排名第1层区块链网络中排名第四。

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.

根据标准包机的说法，BNB连锁店的“用例几乎完全放在分散的交易所[DEX]，贷款方案和液体储存率上。这使得与竞争对手相比，这使得它更加集中和“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.

资产经理说：“尽管这具有上行潜力，但它也提供了一定程度的稳定性。”

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

根据Defillama的说法，Pancakeswap是BNB连锁店最大的DEX之一，大约15亿美元的TVL。

Institutional adoption

机构采用

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

机构采用在区块链网络上正在增长，其性能部分是由该网络附属CEX的Binance与Binance的联系所驱动的。

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.

根据《标准宪章》（Standard Chartered）的说法，该交易所的历史最高交易量约为2024年的76万亿美元。根据《标准宪章》（Standard Chartered）的数据，它约占全球现货交易量的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，美国总统唐纳德·特朗普（Donald Trump）支持的Stablecoin USD1主要是在BNB连锁店发行的。 BSCSCAN的数据显示，BNB链中已发行了超过20亿美元的1美元（或其循环供应量的99％）。

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