BNB Chain News: BNB Outperforms Other L1 Tokens, On-Chain Trading Grows

TL;DR:

• Market recap: BNB Chain +0.8% WoW; adds ~$1.6B market cap.
• Resilience: BNB near ATH; ahead of other L1s by peak distance.
• Activity & news: DEX up; awards voting; $100M fund; $27M phishing; MyShell airdrop.

Things are looking up for digital assets, and altcoins are starting to steal the spotlight.

The Altcoin Season Index is at 53, up from 45 last week and 40 last month, whereas the CMC Fear and Greed Index is back in neutral territory following last week’s dip.

With that in mind, here’s how the BNB Chain sector is holding up.

BNB Chain Market Recap

The BNB Chain ecosystem experienced muted volatility this week, but ended up recording a 0.8% week-on-week gain due to a last-minute resurgence.

Overall, the sector added $1.6 billion to its market capitalization during this period, largely owed to the outsized performance of select BEP-20 tokens.

While the vast majority of tokens remain in the red, this week's top performers put on an impressive display.

This week’s top list (and their catalysts, if known) includes:

• MemeCore (M): +133.3% (driven by MemeX Liquidity Festival)

• Zentry (ZENT): +33.6% (fresh Binance Trading Competition)

• Merlin Chain (MERL): +29.9% (no clear catalyst)

• BugsCoin (BGSC): +26.6% (various on-chain campaigns driving volume)

  Source: BNB (BNB) Token Page

BNB (BNB) itself stayed roughly flat over the last week, losing just 0.5% while largely holding above $860.

It is currently 4.4% away from its all-time high (ATH) of $899.70, holding up better than all other top 10 layer-1 tokens when measured by distance from ATH.

A handful of smaller BNB ecosystem tokens suffered significant drawdowns this week. The worst-affected assets include:

• Portal to Bitcoin (PTB): -39.7%

• Bio Protocol (BIO): -26.6%

• AI Companions (AIC): -24%

• Wilder World (WILD): -21.3%

  Source: Artemis

Decentralized exchange (DEX) volumes on BNB Chain have been gradually ticking up due to the popularity of BEP-20 meme coins. The L1 is closing the gap with its two main competitors (Ethereum & Solana) as the two saw a major downtick in on-chain trading this week.

PancakeSwap remains the standout platform on BNB Chain, accounting for just over a quarter of the network’s fee revenue and total value locked (TVL).

BNB Chain News Roundup

This week saw several major developments in the BNB Chain ecosystem, most of which were for the better, while some were for the worse.

Below, we’ve summarized some of the most significant stories.

Awards Voting Opens for 2025 BNB Chain Annual Awards: BNB Chain revealed its finalists and opened community voting (deadline Sept. 3), spotlighting categories like Rising Star, AI Pioneer and Most Engaging Product.

Story ContinuesHuaxing Capital Commits $100M to BNB Ecosystem (via China Renaissance): China Renaissance (Huaxing Capital) signed a strategic cooperation with YZi Labs to allocate ~$100M into BNB, signaling rare HK-listed institutional exposure to BNB and support for compliant listings and ecosystem growth following BNBDay Hong Kong.

Venus Protocol User Suffers $27M Phishing Loss: A Venus user on BNB Chain approved a malicious spender, enabling the attacker's wallet (0x7fd8…202a) to siphon assets worth ~$27M. Reminder: keep assets safe—avoid unknown links, use hardware wallets, and regularly revoke approvals.

Binance Launches MyShell (SHELL) HODLer Airdrop: Binance confirmed a second SHELL HODLer airdrop, allocating 25,000,000 SHELL, with a limited-time Locked Products campaign (up to 29.9% APR) and eligibility tied to BNB Simple Earn/On-Chain Yields participation windows. (source)

That’s a wrap for this week’s update. Check in next week for more BNB Chain insights.

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