BNB Chain Hits 123M Transactions as Maxwell Hard Fork Nears, BNB Eyes Breakout Amid Strong On-Chain Activity

Published: 2025-06-05 12:28:51 |

BNB Chain has seen a major spike in activity, processing 123 million transactions in the past week—its highest in over a year. This surge is closely tied to anticipation for the upcoming Maxwell Hard Fork, which will improve transaction finality, double network performance, and introduce artificial intelligence-driven scaling upgrades. The hard fork is expected to significantly boost BNB Chain’s competitiveness among layer-1 blockchains by reducing block times and lowering transaction latency, with mainnet launch set before June 30, 2025. BNB, the native token of BNB Chain, is consolidating around $670—a 12% rise over the past month—demonstrating resilience amid wider market downturns. Technical analysis shows BNB remains in an ascending channel with key support at $640. A breakout above $690 could pave the way toward retesting the all-time high of $794. Market data indicates slightly reduced trading and derivatives volumes, but open interest is slowly edging higher, and technical indicators (such as RSI and MACD) signal a neutral-to-bullish outlook. Analysts see recent consolidation as a base for potential upward movement, especially with on-chain activity climbing and the Maxwell upgrade on the horizon. Crypto traders should closely monitor post-hard fork performance and price action above $690 for breakout signals. The Maxwell Hard Fork and increased network activity could catalyze a renewed bullish wave for BNB, making it a key watch for both short-term trading opportunities and longer-term positioning.

Bullish

The news highlights BNB Chain’s record-breaking transaction activity and details the highly anticipated Maxwell Hard Fork, which is set to introduce significant improvements such as reduced block times, enhanced finality, and AI-driven scaling updates. BNB’s price stability above key support levels, a recent 12% gain, and positive technical signals (like rising open interest and a neutral-to-bullish RSI/MACD) underline growing market confidence. Historical patterns show that major network upgrades and surges in on-chain activity often precede bullish momentum, especially when accompanied by consolidating prices near resistance thresholds. The expectation of doubling transaction throughput and increased developer/trader attention as the mainnet upgrade nears further support a positive outlook. While some volume indicators have dipped, the underlying fundamentals and technicals suggest BNB is well-positioned for a breakout, making near-term and long-term sentiment bullish.