BNB Defies Market Volatility as BNB Chain Activity Soars Past 16 Million Daily Transactions

Binance Coin (BNB) is on the rise, gaining ground over the past 24 hours despite rising geopolitical tensions. The rally has been fueled by a dramatic surge in BNB Chain activity, which surpassed 16 million daily transactions earlier this month — a fourfold increase from the roughly 4 million seen earlier in the year, according to blockchain analytics firm Nansen.

The explosive growth in on-chain usage was driven in large part by PancakeSwap, BNB Chain’s flagship decentralized exchange, which processed $2.7 billion in daily volume. Overall, BNB Smart Chain handled over $104 billion in decentralized exchange (DEX) activity over the past 30 days, putting it ahead of both Ethereum and Solana, per data from DeFiLlama.

BNB’s strong fundamentals helped it navigate macro uncertainty, including market pressure stemming from escalating conflict between Israel and Iran — an event that briefly pushed bitcoin below $104,000. In contrast, BNB traded with relative strength, consolidating around $646 and hitting an intraday high of $658.

Technical indicators show a series of higher lows forming on the BNB chart, a classic signal of an emerging uptrend. CoinDesk Research also noted consistent above-average trading volume, which may point to growing institutional participation rather than purely retail-driven momentum.

While open interest in BNB derivatives dipped 6.9% week-over-week to $750 million — suggesting some caution from leveraged traders — sentiment remains broadly stable. The Crypto Fear & Greed Index is currently at 51, indicating a neutral outlook despite the geopolitical backdrop.