BNB链重新获得其魔力，因为机构和Defi活动在2025年返回

经过2023年缓慢的bnb链，Binance隶属于二层1区块链，显示出清晰的恢复迹象

BNB Chain, the Binance-affiliated layer-1 blockchain, is showing clear signs of recovery in 2025 after a sluggish 2023.

BNB链是二元相关的层1区块链，在2023年缓慢的2023年，在2025年显示出清晰的恢复迹象。

With multibillion-dollar inflows into DeFi protocols, surging trading volumes on Binance, and a broader narrative shift toward real-world use cases and institutional-grade products, BNB Chain’s ecosystem is heating up once again.

BNB Chain的生态系统再次逐渐升温，随着数十亿美元流入Defi协议，对二手持续的交易量以及更广泛的叙事转变。

DeFi Llama data shows that year-to-date, total value locked on BNB Chain has surged from $3.5 billion in early 2024 to over $6 billion as of May 7, 2025. While still a shadow of its all-time high of over $20 billion in 2022, the upward momentum is noteworthy.

Defi Llama的数据显示，BNB连锁店锁定的年度总价值从2024年初的35亿美元增加到截至2025年5月7日以上的60亿美元。虽然其2022年有史以来高度超过200亿美元的阴影，但增强动量并不值得。

The bulk of the DeFi activity is concentrated in PancakeSwap, the largest DEX on BNB Chain, which alone accounts for about $1.5 billion in TVL. This underscores the blockchain’s strength in core DeFi sectors such as DEXs, lending, and liquid staking.

大部分Defi活动集中在BNB链上最大的DEX Pancakeswap中，仅TVL就占15亿美元。这强调了区块链在核心偏侧部门（例如DEX，贷款和液体均值）中的强度。

“We note that BNB Chain remains a more concentrated, old-fashioned smart contract platform compared to rivals like Ethereum and Solana. But this structure provides a degree of stability, which may be appealing in volatile macroeconomic conditions,” Standard Chartered stated in a May research note.

“我们注意到，与以太坊和索拉纳这样的竞争对手相比，BNB连锁店仍然是一个更加集中，老式的智能合同平台。但是，这种结构提供了一定程度的稳定性，在挥发性的宏观经济条件下可能具有吸引力，”标准宪章在5月的研究报告中指出。

Moreover, BNB Chain is benefitting from its close ties to Binance, which Standard Chartered reports saw a record-breaking $76 trillion in trading volume in 2024 and now handles roughly 40% of global spot crypto trading.

此外，BNB连锁店从与Binance的紧密联系中受益，标准特许的报告在2024年创下了创纪录的76万亿美元交易量，现在处理了全球现货加密货币交易的约40％。

This strong CEX backbone has given BNB Chain an edge in sustaining and scaling its infrastructure.

这种强大的CEX骨架使BNB链在维持和扩展其基础架构方面具有优势。

In a major development, VanEck filed for the first U.S.-based BNB ETF on May 5, aiming to capitalize on the growing institutional demand for Binance-linked assets. If approved, it could be a watershed moment for BNB’s presence in traditional markets.

在一项重大发展中，Vaneck于5月5日申请了美国第一个总部位于美国的BNB ETF，旨在利用不断增长的与二手链接资产的机构需求。如果获得批准，这可能是BNB在传统市场中的存在的流域。

Additionally, the Trump-endorsed USD1 stablecoin — issued primarily on BNB Chain — now boasts over $2 billion in circulation, with 99% of supply hosted on the network, according to BscScan. This adds another layer of real-world utility and visibility to the ecosystem.

此外，根据BSCSCAN的数据，该公司主要是在BNB连锁店发行的USD1 Stablecoin，现在拥有超过20亿美元的发行量，其中99％的供应量在网络上托管。这为生态系统增加了另一层现实世界的效用和可见性。

As BNB price firm around the $600 level, some analysts are predicting continued upward momentum. Standard Chartered forecasts BNB could hit $2,775 by 2028.

随着BNB价格公司约600美元的水平，一些分析师预计持续的势头。 BNB的标准特许预测可能会在2028年达到2,775美元。

“The strong narrative around BNB Chain is likely to continue, especially as more institutions are discovering the potential of blockchain technology, leading them to invest in related assets,” the bank stated.

该银行说：“ BNB连锁店周围的强烈叙述很可能会继续下去，尤其是随着越来越多的机构发现区块链技术的潜力，导致他们投资于相关资产。”

In an April post, Joao Wedson, CEO of Alphractal, pointed out that “BNB’s price resilience reflects not just speculation, but also the extensive real-world utility across the Binance ecosystem.”

Alphractal的首席执行官Joao Wedson在4月份的帖子中指出：“ BNB的价格弹性不仅反映了猜测，还反映了整个Binance生态系统中广泛的现实世界实用程序。”

Ultimately, BNB Chain’s comeback in 2025 showcases the growing synergy between institutional capital, DeFi innovation, and centralized infrastructure.

最终，BNB Chain在2025年的复出展示了机构资本，Defi Innovation和集中基础设施之间日益增长的协同作用。

While it faces challenges like a more limited set of use cases compared to newer L1s, its stability, growing adoption, and real-world integrations have firmly re-established it as a key player in the evolving blockchain economy.

尽管与更新的L1相比，它面临着更有限的用例，但它的稳定性，不断增长的采用和现实世界一体化已牢固地将其重新确立为不断发展的区块链经济中的关键参与者。