BNB Nears $900 ATH on Institutional Buys, Burns & L1 Upgrades
BNB has reached a new all-time high near $900 on August 23, 2025, driven by large institutional buys and deflationary tokenomics. Institutional purchases of over $260 million removed supply from exchanges, boosting buy-side liquidity. Scheduled token burns and recent Layer-1 upgrades further tightened circulating supply. On-chain metrics show BNB Chain’s daily active addresses surpassed 3 million and opBNB processed 3.08 million transactions in 24 hours, underlining robust network usage. BNB’s market cap climbed above $118 billion, with daily trading volumes near $2.9 billion, outperforming peers like ETH and XRP. Traders should track exchange reserves, upcoming burns, Layer-1 activity, and opBNB throughput to gauge momentum and market health.
Bullish
The combination of large institutional purchases, deflationary token burns and Layer-1 upgrades has tightened BNB’s circulating supply while driving robust network usage. On-chain metrics—such as over 3 million daily active addresses and 3.08 million opBNB transactions—underscore sustained demand. With market cap exceeding $118 billion and high trading volumes, BNB is positioned for continued upside both in the short term, as traders react to supply constraints, and in the long term, as network fundamentals and institutional involvement deepen.