Source: CritpoTendencia
Original Title: BNB stagnates under $900 amid a drop in activity and changes on the horizon
Original Link:
BNB, the native token of the BNB Chain network, remains below $900 in a context marked by the contraction of on-chain activity and the expectation of upcoming updates on the network.
The weakening of volume and lack of momentum in the ecosystem reflect a critical moment for the asset, which seeks signs of reactivation amid market uncertainty.
Volume and transactions at recent lows
In the last 24 hours, BNB achieved a slight intraday recovery, but the rebound was not enough to overcome the resistance at $900.
In parallel, recent data shows a marked decline in daily activity on the BNB Chain. As a result, transaction volume has dropped to a figure below 15 million and the usage rate barely exceeds 19%.
Moreover, the decline not only affects the network usage metrics but also hits the trading volume on DEX, which fell below $5 billion.
Overall, these metrics indicate a loss of dynamism in an environment that has historically been characterized by high speculative flows and active participation from both retail users and institutional operators.
Factors Behind the BNB Pullback
The downward pressure on BNB is due to several simultaneous factors. On one hand, the decrease in enthusiasm for memecoins has directly reduced the demand for transactions on the network.
Moreover, the cooling of the bullish cycle in the crypto market has limited capital rotation and decreased the actual usage of the ecosystem, which in turn hinders the entry of new participants and weakens the flow of liquidity.
This is compounded by the technical deterioration of the price, which has eroded key historical supports. Levels such as $972 and $975 were breached weeks ago, and the current support at $890 continues to show fragility due to the lack of immediate catalysts to drive a sustained rebound.
In this context, the market remains cautious, with professional traders and institutional managers closely monitoring the volumes, the strength of support, and the token's reaction to potential external events.
Expectations for the Upcoming Improvements of the BNB Chain
Despite the adverse environment, the BNB Chain roadmap includes infrastructure updates aimed at optimizing efficiency, improving performance, and attracting greater developer participation.
If these changes effectively boost on-chain activity and provide clear incentives for users and projects, BNB could regain key price levels and strengthen its competitive position.
On the other hand, the possible approval of the proposed spot ETF for BNB -along with the token burning mechanisms already in place- could boost the demand for the asset.
In that context, a surge in regulated demand could generate a new boost to the ecosystem, supporting the price recovery and strengthening the institutional use of BNB.
However, the success of these initiatives will depend on their real impact on the token economy, the rate of burns, and the overall context of the crypto market. Therefore, the transition to a renewed BNB Chain represents a strategic bet whose realization will be key to defining its future trajectory.
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BNB stagnates at $900 due to a fall in activity and changes ahead
Source: CritpoTendencia Original Title: BNB stagnates under $900 amid a drop in activity and changes on the horizon Original Link: BNB, the native token of the BNB Chain network, remains below $900 in a context marked by the contraction of on-chain activity and the expectation of upcoming updates on the network.
The weakening of volume and lack of momentum in the ecosystem reflect a critical moment for the asset, which seeks signs of reactivation amid market uncertainty.
Volume and transactions at recent lows
In the last 24 hours, BNB achieved a slight intraday recovery, but the rebound was not enough to overcome the resistance at $900.
In parallel, recent data shows a marked decline in daily activity on the BNB Chain. As a result, transaction volume has dropped to a figure below 15 million and the usage rate barely exceeds 19%.
Moreover, the decline not only affects the network usage metrics but also hits the trading volume on DEX, which fell below $5 billion.
Overall, these metrics indicate a loss of dynamism in an environment that has historically been characterized by high speculative flows and active participation from both retail users and institutional operators.
Factors Behind the BNB Pullback
The downward pressure on BNB is due to several simultaneous factors. On one hand, the decrease in enthusiasm for memecoins has directly reduced the demand for transactions on the network.
Moreover, the cooling of the bullish cycle in the crypto market has limited capital rotation and decreased the actual usage of the ecosystem, which in turn hinders the entry of new participants and weakens the flow of liquidity.
This is compounded by the technical deterioration of the price, which has eroded key historical supports. Levels such as $972 and $975 were breached weeks ago, and the current support at $890 continues to show fragility due to the lack of immediate catalysts to drive a sustained rebound.
In this context, the market remains cautious, with professional traders and institutional managers closely monitoring the volumes, the strength of support, and the token's reaction to potential external events.
Expectations for the Upcoming Improvements of the BNB Chain
Despite the adverse environment, the BNB Chain roadmap includes infrastructure updates aimed at optimizing efficiency, improving performance, and attracting greater developer participation.
If these changes effectively boost on-chain activity and provide clear incentives for users and projects, BNB could regain key price levels and strengthen its competitive position.
On the other hand, the possible approval of the proposed spot ETF for BNB -along with the token burning mechanisms already in place- could boost the demand for the asset.
In that context, a surge in regulated demand could generate a new boost to the ecosystem, supporting the price recovery and strengthening the institutional use of BNB.
However, the success of these initiatives will depend on their real impact on the token economy, the rate of burns, and the overall context of the crypto market. Therefore, the transition to a renewed BNB Chain represents a strategic bet whose realization will be key to defining its future trajectory.