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    BNB Price Climbs Above $1,100 Driven by Ecosystem Expansion and Token Burn Initiatives

    Ethan CarterBy No Comments3 Mins Read
    1759478703

    BNB, the native token of the BNB Chain—a layer-1 blockchain developed by the cryptocurrency exchange Binance—has hit a new all-time high, coinciding with anticipated upgrades and a broader market surge.

    The token reached $1,111.90 for the first time on Friday after rising over 7.4% in the last 24 hours and soaring 17.5% for the week, according to data aggregator CoinGecko.

    More treasury companies have also been accumulating BNB. Shortly after the coin’s previous all-time high in July, analysts informed Cointelegraph that treasury purchases and regular token burns had driven its price increases, indicating further potential for growth.

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    Source: BNB

    Asset manager Standard Chartered predicted in May that the token would peak at $1,275 in 2025, based on its expected growth alongside Bitcoin (BTC) and Ether (ETH).

    The wider cryptocurrency market also experienced gains on Friday, with the total market capitalization increasing by 1.6% to $4.2 trillion.

    BNB Chain metrics rise as well

    In tandem with the token price, BNB Chain’s total locked value (TLV) has also surged. The number of active addresses and transaction volumes have risen over the past month, according to analytics platform DefiLlama.

    The blockchain’s TLV has grown by 2.5% in the last 24 hours, reaching $8.23 billion. Concurrently, the number of active addresses soared to 73.24 million last month, achieving the highest recorded level.

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    The total locked value, total number of active addresses, and transaction volumes of BNB Chain have all increased in the last month. Source: DefiLlama

    Transaction volumes have also risen, recording the second-highest amount in September with a total of 4.34 million transactions. The highest monthly transaction volume was noted in June.

    The new all-time high and increased user metrics followed a breach of the official X account for BNB Chain on Wednesday, during which hackers posted phishing links targeting 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 stated in an X post would facilitate faster and cheaper trading 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 attractive venue for on-chain activity,” the team remarked.

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    Source: BNB Chain

    In its forecast for the remainder of 2025 and into 2026, the BNB team announced plans to increase the block gas limit from 100 million to 1 billion, aiming to meet user demand and ensure smooth functionality across decentralized applications.

    Additionally, in 2026, there is a goal to develop a blockchain architecture that can handle 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 for native privacy features, upgradable virtual machines, and more user-friendly tools are also slated for next year.

    Two major upgrades already went live in 2025

    Earlier this year, BNB Smart Chain’s Maxwell upgrade was implemented in June, aimed at producing quicker blocks, enhancing validator coordination, and improving network performance. This also sparked speculation about a potential rally.