The rapid increase in the number of active addresses on the Binance Smart Chain (BSC) has become an important indicator for the future of the BNB price.

According to the latest on-chain data shared by a CryptoQuant analyst, on October 13, the BSC ecosystem reached a historic record of 3.62 million daily active addresses. This level indicates that the network has reached its all-time high. This extraordinary increase in active addresses is a result of the upward trend that has been ongoing since June, showing a strong correlation with the price rally that has gained momentum, especially after September 15.

According to the analyst, a new correlation period has begun between the number of active addresses and the BNB price as of September 2025. These two metrics, which previously moved independently, are now rising and falling almost in sync. The record increase in the number of active addresses immediately after BNB reached $1,311 on October 8 may have triggered the entry of new investors into the ecosystem due to FOMO (fear of missing out) effect.

However, looking at the latest data, there is a slight pullback in the BNB price towards $1,212 and the number of active addresses has fallen below 3 million, which is noteworthy. CryptoQuant analyst emphasizes that this level is a critical support point for network health. Keeping daily active addresses above 3 million could create a strong price base for BNB; otherwise, a weakening of this metric may indicate that a local peak has completed and there is a risk of a deeper correction.

Finally, the analyst stated, "Daily active addresses have now become one of the most reliable on-chain indicators of BNB price movements," urging investors to closely monitor this metric.