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BNB Climbs as Transaction Activity Surges, DEX Volume Tops $100B
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By CD Analytics, Francisco Rodrigues|Edited by Sheldon Reback
Jun 16, 2025, 3:41 p.m.
- Binance Coin (BNB) climbed over the last 24 hours despite geopolitical tensions, driven by surging usage of the BNB Chain.
- The BNB Chain’s decentralized exchange, PancakeSwap, played a key role in the growth, with $2.7 billion in daily volume.
- BNB saw strong buying interest and held firm at the $646 level, topping out at $658, with technical analysis suggesting a building uptrend due to a string of higher lows.
Binance Coin (BNB) climbed over the last 24 hours even as geopolitical tensions rattled the markets, driven by surging usage of the BNB Chain, which recorded more than 16 million transactions a day earlier this month.
That transaction figure marks a massive jump when from the near 4 million transactions a day processed earlier in the year, according to Nansen data.
STORY CONTINUES BELOW
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PancakeSwap, the network’s main decentralized exchange, played a key role with $2.7 billion in daily volume. In aggregate, BSC handled over $104 billion in DEX volume over the last month, outpacing both Solana and Ethereum, according to DeFiLlama data.
This growth helped BNB push through volatility sparked by the clashes between Israel and Iran, which temporarily dragged bitcoin under $104,000.
BNB saw strong buying interest throughout the day, holding firm at the $646 level and topping out at $658. That strength was backed by unusually high volume and what appeared to be institutional interest.
Technically, BNB is benefiting from a string of higher lows, a sign of a building uptrend, according to CoinDesk Research’s technical analysis data model. Analysts also pointed to consistent above-average volumes, suggesting more than just retail enthusiasm.
Open interest in BNB derivatives has fallen 6.9% week-over-week to $750 million, signaling caution among traders. Yet the broader Fear & Greed Index sits at a neutral 51, suggesting sentiment hasn’t tipped bearish despite geopolitical jitters.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
