BNB’s Wild Ride: DEX Volumes Soar & $1B Burned – Will It Hit $1K? 🚀

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Binance Coin is screaming past resistance levels like a confused squirrel on a trampoline, and the ecosystem is delivering numbers so impressive, even my grandma would be impressed (if she knew what a DEX was). 💸🔥

DEX volumes are outpacing all rivals, stablecoin activity is hitting record highs, and tokenomics that burn over $1 billion in supply monthly? BNB isn’t just rallying—it’s doing the cha-cha while wearing a party hat. The GENIUS Act may be reshaping the stablecoin landscape, but for now, BNB is thriving in the chaos like a toddler at a buffet. 🍔✨

From $191b in DEX volume to 14.8m addresses

Binance Coin’s token reached a high of $765, up over 50% from its lowest level this year, and increased its market cap to over $103 billion. The BNB price soared due to its ongoing ecosystem growth. One of its strongest areas is in the decentralized exchange industry, where it has surpassed its top competitors, including Solana (SOL) and Ethereum (ETH). 🚀

The chain, helped by PancakeSwap (CAKE), handled over $191 billion in the last 30 days. That figure is significantly higher than what protocols in Solana, Ethereum, Base, Polygon, and Arbitrum handle, combined. It’s like the entire crypto world is watching BNB’s performance and whispering, “How?!” 🤯

BNB Chain’s weekly DEX volume jumped to over $45 billion. It has remained above $40 billion in the past five consecutive weeks. BNB is basically the crypto equivalent of a serial killer—unstoppable, terrifying, and everyone’s talking about it. 🔥

The BNB price surged after the U.S. Congress passed the stablecoin GENIUS Act, which Trump signed into law on Friday. This bill matters to BNB because its network is one of the biggest processors of stablecoins. Data shows that its stablecoin supply increased by 5% over the last 30 days to exceed $11.1 billion. It has over 14.8 million stablecoin addresses, higher than Tron’s 10 million. It processed over 513 million stablecoin transactions worth more than $295 billion. BNB is basically the king of the stablecoin throne, and everyone’s bowing (or buying). 🕺👑

BNB price has also jumped because of its high deflation characteristic as it incinerates tokens worth over $1 billion a month. Its goal is to reduce the circulating BNB tokens from 130 million to 100 million over time. It’s like a diet for crypto—no snacks, just strict burn sessions. 💸💀

BNB price technical analysis

The daily chart shows that the BNB token price has been in a strong bull run in the past few days. This surge pushed it above the key resistance level at $692, the upper side of the ascending triangle pattern. BNB price has remained above the 50-day and 100-day Exponential Moving Averages. Its ADX indicator has jumped to 31, and is pointing upwards. An ADX figure of 25 or above indicates that a trend is strengthening. So, basically, the bulls are throwing confetti and shouting “YES!” 🎉

Therefore, the token will likely continue rising as bulls target the make-or-break point at $792, its highest point in November last year. Moving above that level will likely lead to further gains, potentially reaching $1,000. BNB is basically the crypto version of a lottery ticket—no guarantees, but the odds are looking pretty good (and the jackpot is massive). 🎰💰

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2025-07-20 20:13