BNB Price Soars Above $1,100 Driven by Ecosystem Expansion and Token Burns

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 amid anticipated upgrades and a broader market surge.

The token reached $1,111.90 on Friday, marking its first foray into this price range after climbing over 7.4% in the last 24 hours and surging 17.5% for the week, according to the data aggregator CoinGecko.

This surge coincides with an increasing number of treasury firms accumulating BNB. Following the coin’s record high in July, analysts informed Cointelegraph that treasury purchases, combined with regular token burns, have significantly contributed to price increases, indicating further potential for growth.

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

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

BNB Chain metrics improve as well

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

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

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

This new all-time high and the increasing user metrics came just days after the official X account for BNB Chain was compromised on Wednesday, during which hackers shared 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 a post on X will lead to faster and more affordable trading for users.

“The 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 noted.

In their outlook for the rest of 2025 and into 2026, the BNB team indicated plans to increase the block gas limit from 100 million to 1 billion, aiming to meet user demand and ensure seamless activity across decentralized applications.

Additionally, in 2026, plans include developing a blockchain architecture capable of handling 20,000 transactions per second with confirmation times under 150 milliseconds.

Related: ‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000

Future updates also include plans for native privacy features, upgradable virtual machines, and more user-friendly tools for the coming year.

Two major upgrades already implemented in 2025

Earlier this year, the Maxwell upgrade for BNB Smart Chain went live in June, designed to facilitate quicker blocks, improved validator coordination, and enhanced network performance. It also sparked speculation about a potential rally on the horizon.