BNB, the native cryptocurrency of BNB Chain, has surged to a record high of $1,111.90, capping off a week of strong momentum fueled by rising user activity, treasury accumulation, and expectations of major network upgrades. The token’s latest milestone came after a 7.4% daily gain and a 17.5% rally over the past seven days, according to CoinGecko data.
The rally builds on trends identified earlier in the year, when analysts pointed to consistent treasury purchases and Binance’s scheduled token burns as critical drivers of BNB’s upward trajectory. Back in May, Standard Chartered forecast that BNB could peak at $1,275 in 2025, tracking alongside projected gains for Bitcoin and Ethereum. Friday’s surge appears to align with that outlook, with broader crypto markets also strengthening as total capitalization rose to $4.2 trillion, up 1.6% on the day.
Beyond the token’s price action, BNB Chain’s ecosystem metrics have been heating up. Data from DefiLlama showed its total locked value (TLV) increasing 2.5% in just 24 hours to $8.23 billion. Active addresses hit a record 73.24 million in September, while transaction volumes climbed to 4.34 million for the month — the second-highest on record, only behind June. These figures reflect growing adoption of the network, even as it recently endured a setback when its official X account was compromised by hackers posting phishing links.
The chain’s rising use comes as its core developers prepare significant upgrades to enhance scalability and user experience. Just this week, validators and builders agreed to a new minimum gas price of 0.05 gwei, aimed at reducing fees and improving transaction speeds. The BNB team has also outlined ambitious goals for 2026, including raising the block gas limit tenfold from 100 million to 1 billion, supporting transaction throughput of 20,000 per second, and achieving confirmation times below 150 milliseconds. Plans are also underway to introduce native privacy tools, upgradable virtual machines, and developer-friendly infrastructure.
These upcoming changes build on progress made earlier this year. The Maxwell upgrade, launched in June, enhanced block production and validator coordination, while the Lorentz Hard Fork in April shortened block times and improved network responsiveness for latency-sensitive applications. Together, these enhancements are positioning BNB Chain to compete more aggressively with other leading blockchain ecosystems in terms of speed, security, and cost efficiency.
The rally to $1,111 comes amid renewed optimism around altcoins benefiting from Bitcoin’s broader uptrend, but BNB’s case is also distinctly tied to the network’s growing adoption. With more treasury firms diversifying into the token, user activity hitting record highs, and major technical milestones ahead, analysts believe BNB could still have room to climb in 2025. Whether it can meet or even surpass Standard Chartered’s $1,275 target will depend on how successfully the network delivers on its upgrade roadmap and maintains user confidence in an increasingly competitive crypto landscape.
