BNB Chain’s native token, BNB, is pushing higher as technical upgrades and fresh use cases draw investors into the network. The token climbed about 0.6% over the last 24 hours, riding a wave of heavy trading volumes and optimism tied to plans for tokenized stock offerings.
Late last month, BNB Chain launched its so-called Maxwell hard fork, slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in activity.
BNB Chain, which has around $6 billion in total value locked according to DeFiLlama data, is positioning itself as a faster alternative for decentralized apps handling high throughput.
Earlier, Kraken and Backed Finance announced they are bringing their tokenized equities to the BNB Chain, allowing users to trade stocks like that of Apple or Tesla around the clock.
The products, structured as BEP-20 tokens, will be available outside the United States in 185 markets.
The CoinDesk 20 index has witnessed a 2.7% increase in the past 24 hours, as the cryptocurrency market appears to have weathered the impact of the recently announced tariffs by U.S. President Donald Trump, which are scheduled to take effect on August 1.
Despite the bullish backdrop, BNB hit resistance near $664.20 during early trading today, according to CoinDesk Research’s technical analysis model.
While some traders eye potential signs of accumulation, meaning larger investors could be quietly building positions, a late-session pullback to around $661.75 hints some traders may be locking in profits.
BNB’s next test will be whether it can push beyond the $665-$667 zone. That could determine if recent technical gains translate into sustained momentum, or if sellers step in again to keep prices in check.
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https://www.coindesk.com/markets/2025/07/09/bnb-climbs-as-faster-blocks-and-tokenized-stocks-spark-investor-interest
2025-07-09 16:18:47
