BNB, the native token of the BNB Chain—a layer-1 blockchain developed by the crypto exchange Binance—has achieved a new all-time high, aligning with upcoming upgrades and a wider market rally.
The token hit $1,111.90 for the first time on Friday, rising over 7.4% in the last 24 hours and 17.5% for the week, according to data aggregator CoinGecko.
This surge coincides with an increase in treasury companies accumulating BNB. Following the coin’s previous all-time high in July, analysts informed Cointelegraph that treasury purchases and regular token burns have supported its price growth, indicating further potential.
Asset manager Standard Chartered forecasted in May that the token could peak at $1,275 by 2025, based on anticipated growth alongside Bitcoin (BTC) and Ether (ETH).
The broader cryptocurrency market also saw gains on Friday, with total market capitalization increasing by 1.6% to $4.2 trillion.
BNB Chain metrics rise as well
In line with the token price, BNB Chain’s total locked value (TLV) is on the rise. The number of active addresses and transaction volumes have also grown over the past month, according to analytics platform DefiLlama.
The blockchain’s TLV increased by 2.5% in the last 24 hours, reaching $8.23 billion. Concurrently, the number of active addresses rose to 73.24 million last month, marking the highest recorded figure.
Transaction volumes have also surged, reaching 4.34 million last month, marking the second-largest total, with the highest recorded in June.
The new all-time high and increasing user metrics surfaced just days after BNB Chain’s official X account was compromised on Wednesday, with hackers posting phishing links aimed at crypto wallets.
BNB upgrades on the horizon
On Wednesday, validators and builders on BNB Chain implemented a new minimum gas price of 0.05 gwei, which the BNB team announced in an X post, promising quicker and cheaper trades for users.
“Next step for wallets, CEXs, and trading platforms: adopt 0.05 gwei to align with the network and maintain BNB Chain as the most appealing platform for on-chain activity,” the team stated.
In its outlook for the remainder of 2025 and into 2026, the BNB team mentioned plans to increase the BSC block gas limit from 100 million to 1 billion to accommodate user demand and ensure seamless operations across decentralized applications.
Additionally, intentions are set for 2026 to create a blockchain architecture capable of processing 20,000 transactions per second with confirmation times under 150 milliseconds.
Related: ‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000
Plans also include native privacy features, upgradable virtual machines, and more user-friendly tools for the coming year.
Two major upgrades already went live in 2025
Earlier this year, BNB Smart Chain’s Maxwell upgrade was implemented in June, aimed at creating faster blocks, better validator coordination, and enhanced network performance, fueling speculation of an impending rally.
In April, the Lorentz Hard Fork was activated, which shortened block times and introduced improved validator networking to better serve latency-sensitive applications.
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