BNB Chain (BNB) has reached a historic milestone in October 2025, soaring to a new all-time high of $1,259.91 on October 7 as of writing and closing at $1,223.58, according to BingX data. The token is up 42.24% in the past month, with daily trading volume topping $5.6 billion and market capitalization surpassing $170 billion.
BNB price surged nearly 20% in the past week | Source: BingX BNB Price
This rally marks BNB’s strongest performance since 2021, driven by renewed on-chain activity, consistent token burns, and rising institutional demand across the BNB Chain ecosystem. As momentum builds, traders are now asking the big question: can BNB extend its rally and break above $2,000 in this cycle?
What Is BNB Chain and Its Native Token BNB Tokenomics?
BNB Chain is a high-performance blockchain developed by Binance to power decentralized applications and Web3 innovation. Built for speed and scalability, it integrates BNB Smart Chain (BSC) for smart contracts, BNB Beacon Chain for governance, and BNB Greenfield for decentralized data storage. Using a Proof-of-Staked Authority (PoSA) consensus model, it finalizes blocks in about three seconds with low transaction fees, while remaining fully EVM-compatible for seamless deployment of Ethereum-based DApps.
Its native token, BNB (Build and Build), serves as both the network’s utility and governance asset. BNB has a total supply of 200 million tokens, with a long-term target to reduce supply to 100 million through quarterly burn events that permanently remove tokens from circulation. This deflationary tokenomics model helps support scarcity and long-term value growth.
Key BNB utilities include:
• Paying gas fees on the BNB Smart Chain
• Staking to secure the network and earn rewards
• Participating in governance and on-chain voting
• Accessing DeFi, NFT, and gaming applications within the BNB ecosystem
What’s Driving BNB to Its All-Time High in October 2025?
BNB token has surged to a new all-time high of $1,255 on October, 7, 2025, driven by rising on-chain activity, growing institutional demand, expanding ecosystem partnerships, and renewed market confidence.
1. Rising On-Chain Activity Fuels Record BNB Token Burns
Monthly active users on BNB Chain jumped 61% since January 2025 | Source: Token Terminal
BNB Chain’s ecosystem has expanded rapidly throughout 2025, supported by strong user growth and on-chain activity. According to Token Terminal, monthly active users increased from about 36 million in January 2025 to 58.1 million by October 2025, marking a 61 % jump in just nine months. This surge in usage has driven higher transaction volume and gas consumption in BNB, directly powering the network’s auto-burn mechanism, which permanently removes tokens from circulation each quarter.
In July 2025, Binance completed its 32nd quarterly burn, destroying 1,595,599 BNB (about $1.02 billion). It ranks as the third-largest burn since 2023, following the 25th burn in October 2023 (2.14 million BNB) and the 26th burn in January 2024 (≈ 2.14 million BNB). 2024 recorded the highest annual burn total at around 6.99 million BNB, while 2025 has already removed 3.17 million in two quarters, showing strong momentum and sustained network activity.
2. Institutional Adoption Establishes BNB as a Corporate Reserve Asset
In 2025, BNB saw a surge in institutional adoption as corporations and national entities began adding it to their reserves, reflecting a growing trend toward multichain diversification beyond Bitcoin and Ethereum. This shift highlights BNB’s appeal as a liquid, deflationary, and utility-driven asset that bridges both financial and operational use cases in Web3.
So far, seven major entities have publicly announced BNB treasury initiatives. These include Bhutan’s Gelephu Mindfulness City, Jiuzi Holdings, Kazakhstan’s Alem Crypto Fund, and four U.S.-listed companies: CEA Industries (Nasdaq: VAPE), Nano Labs (Nasdaq: NA), Windtree Therapeutics (Nasdaq: WINT), and Liminatus Pharma (Nasdaq: LIMN). Collectively, these initiatives represent over $3 billion in planned BNB allocations, underscoring the token’s growing status as a strategic reserve asset alongside Bitcoin and Ethereum.
3. BNB Chain Ecosystem Growth Strengthens Long-Term Foundation
Source: Chainlink X (Twitter)
BNB Chain’s ecosystem has expanded significantly in 2025, driven by the success of its leading DeFi protocols and new infrastructure partnerships. According to Messari, PancakeSwap remains the dominant DEX with around $1.3 billion TVL, handling over 90% of the network’s DEX volume, while Aster Perp DEX, a cross-chain derivatives platform that originated on BNB Chain, has surpassed 2 million users and about $2 billion in combined TVL. This continued expansion reinforces BNB Chain’s position as one of the most active Layer-1 ecosystems in decentralized finance.
Alongside this growth, BNB Chain’s recent collaboration with Chainlink integrates Cross-Chain Interoperability Protocol (CCIP) and Data Streams, giving developers access to secure cross-chain communication and reliable real-world data. Together, these advancements highlight how ecosystem growth and infrastructure innovation are working in tandem to strengthen BNB’s utility, network activity, and long-term value.
4. Market Momentum and Renewed Confidence Back BNB's Surge
BNB’s 2025 rally is supported by the broader strength of the crypto market, led by Bitcoin’s resurgence. On October 5, 2025, Bitcoin reached a new all-time high of about $125,600, breaking past its previous August peak. This milestone reignited market confidence and triggered fresh capital inflows across major Layer-1 ecosystems, with BNB among the main beneficiaries.
BNB also achieved a record high of $1,237.81 in early October 2025, driven by increasing on-chain activity, expanding DeFi participation, and sustained quarterly burns. Supported by strong liquidity, an active user base, and growing institutional interest, BNB has reinforced its position as one of the most resilient and fundamentally sound assets in the current bull cycle.
BNB Price Prediction: Will It Reach $2,000 in the 2025 Bull Run?
On the technical front, BNB’s monthly chart shows a clear continuation of its long-term uptrend, moving confidently within a rising channel defined by higher highs and higher lows. The breakout above the $700 triple-top ceiling earlier this year confirmed a decisive shift in market structure, marking the start of a stronger bullish phase.
The appearance of a “Three White Soldiers” formation on the monthly candles further reinforces this momentum, signaling steady institutional demand and long-term investor confidence.
Momentum indicators support the bullish case. The Relative Strength Index (RSI) remains above 80, elevated yet not diverging, suggesting that BNB’s rally still has room to run before exhaustion.
Meanwhile, the Moving Average Convergence Divergence (MACD) has widened its bullish spread, mirroring conditions last seen before major parabolic advances. Even if short-term consolidation occurs, the broader pattern points to strength within the channel rather than weakness.
BNB/USD Monthly Price Chart | Source: BingX
Fibonacci Targets Point to $1,730 and Beyond
The next resistance zone lies near $1,535, followed by $1,731, aligning with the Fibonacci 2.618 extension. A sustained close above $1,730 would likely validate a breakout path toward $2,050, completing a full measured move from the channel base. Support now rests near $1,220, while the 20-EMA around $1,000 offers strong structural backing for swing traders.
From a strategic standpoint, pullbacks toward $1,220–$1,270 could present favorable entry zones with stops under $1,000. Should momentum hold, BNB could challenge the $2,000 mark before the peak of the 2025 bull cycle.
With rising on-chain activity and a technically confirmed breakout, BNB appears poised to join the next wave of market leaders as crypto sentiment turns decisively bullish.
On-Chain Sentiment Shows BNB’s Rally Remains Fundamentally Healthy
On-chain and market sentiment indicators provide a deeper look into the health of BNB’s latest rally. While price action alone shows strength, these data-driven metrics help determine whether the token is fundamentally supported or overbought.
• The MVRV Z-Score compares BNB’s market value to its realized value, which represents the average price at which all tokens last moved. Higher readings indicate investors are sitting on larger unrealized profits, often signaling overheated conditions.
• RSI (Relative Strength Index) measures the speed and magnitude of recent price changes to gauge momentum and potential overbought or oversold levels.
• Funding Rates on perpetual futures reflect the balance between long and short traders. Neutral rates suggest a stable market, while spikes can indicate excessive leverage on one side.
As of October 6, 2025, BNB’s key metrics show a healthy and fundamentally supported uptrend rather than speculative excess:
| Metric | Latest Value (Oct 6, 2025) | Interpretation |
| MVRV Z-Score | 32.4 (TradingView data) | Well below the overheated zone (>56), indicating sustainable network-driven growth. |
| RSI (14-day) | ≈ 72 (Investing.com) | Strong bullish momentum, approaching but not exceeding typical overbought levels. |
| Funding Rate | +0.0000% (Coinalyze) | Neutral sentiment showing balanced positioning between longs and shorts. |
How to Trade BNB Tokens on BingX
BNB (Build and Build) is the native utility token of the BNB Chain ecosystem, used for transaction fees, staking, and access to token launches and ecosystem rewards. It is available on both the BingX Spot Market and Perpetual Futures Market, giving traders flexibility for long-term holding or short-term trading. BingX AI also provides real-time market analysis to support smarter decisions.
Step 1: Search for BNB/USDT on Spot or Perpetual Futures
For Spot TradingGo to the Spot Market on BingX and search for BNB/USDT. Place a market order to buy instantly or set a limit order at your preferred price. Spot trading is ideal for users who plan to hold BNB long term or use it for ecosystem activities such as staking or transaction fees.
Source: BingX BNB/USDT Spot Market
For Perpetual Futures
Search for BNB/USDT perpetual contract in the Perpetual Futures Market to go long or short without an expiration date. This setup suits traders with bullish or bearish views. Leverage can amplify potential returns but also increases risk, so always use it cautiously and set a stop-loss to protect your capital.
Source: BingX BNB/USDT Perpetual Futures
Step 2: Use BingX AI for Real-Time Market Insights
Click the AI icon on the chart to activate BingX AI, which identifies key support and resistance levels, trend direction, and major market events. These insights can help refine your timing and decision-making process.
Step 3: Execute and Monitor Your Trade
Choose a market order for instant execution or a limit order to enter at a specific price. Monitor your trade using BingX AI and market indicators to adjust your position when necessary.
Final Thoughts
BNB’s surge to a new all-time high in October 2025 reflects more than a short-term rally. It highlights the growing maturity of its ecosystem and the confidence investors have in its fundamentals. Strong on-chain activity, expanding institutional adoption, and a robust DeFi network continue to drive both token demand and long-term value.
As the broader crypto market enters a renewed growth phase, BNB stands out for combining real utility with sustained ecosystem development. While market cycles will continue to fluctuate, the structural drivers behind BNB’s rise, including consistent burns, strategic partnerships, and deep liquidity, position it as one of the most resilient assets in the 2025 bull run and beyond.