the Binance coin continues to break records

BNB is the coin created by Binance in 2017. 

Initially, it was just a token on Ethereum, but then it became the native cryptocurrency of its blockchain, once known as Binance Smart Chain, and now known as the BNB chain. 

Although it is still effectively the coin of Binance, it underpins a decentralized DeFi ecosystem with nearly nine billion dollars in TVL, second only to Ethereum, Solana, and Bitcoin. 

But these are not the records that are making BNB a hot topic.

The price records of BNB (Binance Coin)

This year, in fact, BNB is continuing to hit all-time highs upon all-time highs. 

During the last major bull run, the one in 2021, BNB recorded its then all-time high around $700.

That figure was reached again in June of last year, but by August it had once again fallen below $500.

The turning point was Trump’s electoral victory in November, when a new bull run also began for BNB.

Within about a month, the price significantly exceeded $700, reaching new highs around $750.

The year 2025 started with a drop below $550, but starting from July, a new bullrun began that made it take off. 

The first peak was made above $850 at the end of the month, but after a small correction at the beginning of August, it started to rise again. 

In fact, already in the second half of the month, it had almost reached the $900 mark, and last month the rise surged again. 

In the second half of September, it surpassed $1,000 for the first time in its history, and at the beginning of October, it also surpassed $1,100.

Additionally, in the last week, it continued to set new records, eventually rising even above $1,200. The all-time high was indeed recorded today. 

The returns from the 2021 ATH

At this moment, the gain from the all-time highs of 2021 is 65%, but it extends significantly if the prices of the following years are taken as reference points. 

From the lowest point of the bear-market in 2022, reached in June of that year below $200, the cumulative gain up to now has been as much as 530%, while compared to last year’s lowest point it has been 185%.

Taking the average annual prices as a reference, it is 285% higher than that of 2022, and even 330% higher than that of 2023. 

Compared to the approximately $550 average price with which it concluded 2024, the cumulative gain so far is 110%.

Currently, the average price over the last 365 days has risen to almost $700, which is in line with the highs of 2021. 

The Growth of BNB

The growth of BNB actually comes from afar.

Not only after the collapse of FTX in November 2022, the price of BNB did not fall below the lows of June of the same year, but by the end of 2023 it had already recovered to the levels of mid-May of the previous year. 

Furthermore, during 2024 it was already able to recover all the losses from the recently concluded bear-market in just six months. 

That growth, from $200 in October 2023 to $700 in June 2024, had already made it clear that BNB was not an altcoin like the others. In fact, from this perspective, in percentage terms, it performed much better even than Ethereum, although not better than Bitcoin. 

To be honest, the real significant growth only started in July of this year, as previously it had merely recovered all the losses accumulated during the bear-market compared to the peaks of 2021. 

This latest growth has been really rapid, because in just under three months the price has risen by 75%.

It was an ascent made in step with that of Bitcoin, but with a major difference: in the second half of August, Bitcoin fell, while BNB essentially did not. 

The Reasons for the Growth

It is very likely that this is due to an increasing use of the BNB chain, given that the transaction fees on this chain are indeed paid in BNB.

After the peak of over 15 million daily transactions in November 2021, the number of average daily transactions on the BNB chain had plummeted to less than 3 million between 2022 and 2023. 

In the early months of 2024, there was an upswing from this perspective, but it was short-lived. 

Instead, starting from May of this year, there has been a real boom. 

Already in June, they had returned to being more than 15 million per day, and then even exceeded 17 million. 

At the end of September, daily transactions on the BNB chain surpassed 18 million, with the peak recorded on October 3rd at nearly 18.8 million. 

It is inevitable that such a powerful boom in the use of the BNB chain has increased the market demand for BNB, and consequently its price. 

It is also worth noting that the circulating supply of BNB has decreased from 169 million tokens in May to the current 139 million tokens, thanks to the ongoing BNB burns carried out by Binance. This has effectively reduced the selling pressure, and thus the price has skyrocketed.