BNB – the native token of the BNB Chain ecosystem – has recently recorded a strong price increase. Some key factors driving this trend include:

🔥 1. Increased demand for BNB

BNB is used to pay transaction fees on the BNB Smart Chain and on Binance exchange. As the number of transactions increases, the demand to buy BNB also rises, creating upward pressure on the price.

🔥 2. Regular burning activity

Binance conducts a quarterly BNB burn mechanism, helping to reduce the circulating supply. As the supply decreases while demand remains high, the price of BNB tends to increase.

🔥 3. Expansion of the BNB Chain ecosystem

The development of DeFi, GameFi, and many new projects on the BNB Chain attracts more users, increasing the usage and holding of BNB.

🔥 4. Positive market sentiment

When the crypto market recovers or expectations arise for a new bullish cycle, funds tend to flow into major tokens like BNB, causing a significant price increase.