BNB链（BNB）的价格显示相对弹性，仅比上一个周期的历史高度低10％

AltCoins年落后于比特币，但BNB的价格显示出相对弹性，仅比上一个周期的历史最高点低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在很大程度上延迟了比特币，但BNB价格显示相对弹性，仅比上一个周期的历史最高点低10％。 BNB链还显示出强大的活动，在每日交易，主动地址和TVL中始终排名第三，同时领先于DAPP数量。区块链的最弱点是其收入，与竞争对手相比，该收入仍然滞后。

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周期的大部分时间里，Altcoin价格行动一直令人不快，这推动了许多加密交易者主要专注于比特币。

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，随着中等乐观的恢复市场，仔细观察表明，并非所有山寨币都在挣扎。实际上，总山币市值仍然稳固地超过1万亿美元（确切地说是11.17万亿美元），并且在过去一周中，其9％的增长带来了希望。

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链（BNB）因其相对强度和稳定性而脱颖而出。 BNB目前被市值列为市值第五大加密货币，仅次于BTC，ETH，USDT和XRP，价值约为890亿美元。

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.

一些分析师，例如Alphractal的创始人JoãoWedson，将其视为当前周期中最有弹性的山寨币之一。 Wedson使用来自加密货币降低热图的数据，但韦德森强调，尽管大多数主要硬币始于本年度，其上一个周期高点的缩水量为50％至70％，但在2021年末达到了2021年下半年，但BNB是唯一返回正向领土的硬币。

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.”

对于Wedson而言，这种韧性不仅仅是价格行动 - 它也得到了坚实的基础，例如BNB Chain发达的生态系统和BNB在DEFI中的上升作用。他称BNB为“具有真实效用，强大的基本面和越来越多的收养的稀有山寨币之一，使其成为BTC旁边最强大的山寨币。”

Is BNB really the most resilient altcoin?

BNB真的是最有弹性的山寨币吗？

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%.

仅查看顶级智能合同平台的硬币中的价格性能，讲述了一个更加细微的故事。在此周期中，BNB确实达到了新的历史最高水平，但是XRP（XRP），TRX（TRX）和SOL（SOL）也达到了新的高度，尽管在Solana的情况下，新的High几乎没有超过其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.

当将当前价格与以前的周期高点进行比较（主要是从2021年5月或11月）进行比较时，BNB现在仅下跌约10％。这要比下跌63％的ETH（ETH）要好得多，而Solana下跌了40％。但是，XRP（+19％）和TRX（+49％）的表现更好。

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的货币优势之一在于其低稀释风险。根据Messari的市值/完全稀释的估值（FDV）比率，BNB供应的96.51％已经在流通。这与以太坊（99.93％）和TRX（99.96％）一致，表明未来令牌通货膨胀的风险相对较低。相比之下，Solana（86.33％），尤其是XRP（58.33％）可能会面临未来的稀释稀释。

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

尽管BNB的价格性能相对较强，但仅凭它并不能完全证明其弹性的声誉是合理的。基础知识提供了更深入的见解。

BNB Chain activity drives the altcoin’s value

BNB链活动驱动山寨币的价值

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.

除了猜测之外，BNB的价值是由其在BNB链中的使用来定义的，BNB链中的用途 - 现在用来定义BNB智能链（原始区块链）和Beaccon链（用于治理和静止）。 BNB连锁店专门从事游戏，DEFI，Launchpads和其他大规模消费者DAPP。最近，它也进入了Memecoins游戏，吸收了Solana的一些音量。作为领先的集中式交易所的主要山寨币也有帮助。

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).

根据弥赛亚的说法，BNB链条工艺平均每天约400万台交易，比以太坊（100万），XRP Ledger（180万），但落后于Tron（550万），远远落后于Solana（每天5400万个非票价交易）。

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).

在每日活跃地址方面，BNB连锁店的表现也有约110万，击败以太坊（384,800）和XRP Ledger（55,600），但落后于Tron（240万）和Solana（370万）。

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链真正发光的是DAPP的数量。根据Dappradar的说法，BNB链支持5,686个DAPP，而不是以太坊（4,987），Polygon（2,402）以第三名落后。这加强了韦德森对“大规模” BNB生态系统的主张，并使BNB链处于强大的位置，一旦Web3完全成熟，就可以领导该指控。

BNB Chain also ranks 3rd

BNB链也排名第三