Overview

• BNB climbed to an all-time high around $1,088 on Sept. 21, with spot trading volume up 54% to $4.76 billion, according to Coinspeaker.
• Futures positioning swelled as open interest rose 28% to more than $2.58 billion and daily futures volume jumped 128% to over $5.56 billion.
• Earlier in the breakout, the token surpassed $1,000 with a roughly $145.7 billion market value, while August network fees were reported near $345 million, placing BNB Chain second in the sector.
• Recent upgrades cut block times to about 0.75 seconds and reduced gas costs roughly tenfold, and a reported $1.6 billion quarterly burn lowered circulating supply to about 139 million BNB.
• Easing U.S. legal pressure, reported treasury rotations and corporate buying, the launch of the USD1 stablecoin on BNB Chain, and pending spot-ETF applications are cited as supports for the rally.