#BNBBreaksATH BNB News: Why is BNB rising today? BNB reaches $1235 as on-chain activity and institutional demand accelerate (October 10, 2025)
The BNB chain takes first place for active addresses while the total value locked in the Aster protocol rises by 570% to reach $2.34 billion.
Key points
The price of BNB surged by over 6.17%, reaching an intraday high of $1235 as volume and institutional interest exploded.
BNB Chain has regained its position as the most used blockchain, recording 52.5 million active addresses in September.
The TVL of the Aster protocol has soared by 570% to $2.34 billion, fueling decentralized trading activity.
Despite a late profit-taking, BNB remained above $1,200, signaling a continuing bullish momentum.
BNB price rally propelled by network growth and institutional flows.
BNB, the native token of BNB Chain and a key asset used for trading fee discounts on Binance, has surged over the past 24 hours - amounting to more than 6.17% to reach $1,235 before consolidating near $1,201.
The rally has been driven by institutional demand, increased on-chain activity, and a rise in decentralized trading volume across the BNB ecosystem. According to TokenTerminal, BNB Chain recorded 52.5 million active addresses in September, surpassing Solana for the first time since August.
A major driver behind the rise was Aster Protocol, a rapidly growing decentralized trading and lending platform on BNB Chain. Data from DeFiLlama shows that the total value locked (TVL) of Aster soared by 570% over the past month to reach $2.34 billion, highlighting the increasing participation in DeFi and the utility of the network.
Institutional adoption adds fuel to BNB's momentum.
Institutional activity has also played a key role in supporting BNB's latest breakthrough. The state-backed Alem Crypto fund and electric vehicle manufacturer Jiuzi Holdings have both added BNB to their treasuries, signaling increased recognition of BNB as a long-term strategic asset.
Meanwhile, the momentum from retail traders was visible on social media and speculative trading. A notable memecoin trader reportedly turned a $3,000 investment into nearly $2 million following renewed interest sparked by a post from Binance founder Changpeng Zhao (CZ).
The rise of BNB also coincided with favorable macroeconomic winds, including expectations of a 25 basis point rate cut by the Fed later this month and a recent upgrade of BNB Chain that reduced minimum gas fees to 0.05 Gwei, improving transaction efficiency and user experience.
Technical analysis: BNB holds above a key support after testing resistance.
According to CoinDesk Research's technical model, BNB traded between $1,148.12 and $1,235.08 during the session, closing at $1,235.13, up 6.08% for the day.
The breakthrough above $1,200 was accompanied by a trading volume spike multiplied by five, marking a decisive move through resistance before a brief pullback. The level of $1,235 now stands as a key resistance zone, while strong support has been identified in the range of $1,148 to $1,158, where repeated buying pressure has signaled institutional accumulation.
Although a late pullback appeared after testing $1,215, high volume data suggests profit-taking rather than a trend reversal. BNB's ability to close above $1,200 indicates sustained bullish bias and potential for short-term continuation.
The bullish trend of BNB remains intact despite volatility.
Analysts note that the broader trend of BNB remains firmly bullish, supported by steady network growth, increasing institutional flows, and a resilient DeFi sector on BNB Chain.
As long as BNB maintains its higher lows and stays above $1,200, the asset remains well positioned for further gains, with potential targets in the range of $1,250 to $1,280.
The combination of strong on-chain fundamentals, accelerated ecosystem growth, and ongoing institutional participation continues to reinforce BNB's position as one of the top-performing altcoins of 2025. #BNBBreaksATH #BNBBreaksATH