Following last week’s sell-off, the BNB Chain ecosystem is once again looking bullish, with the majority of BEP-20 assets seeing growth.
TL;DR:
- Bitcoin is 2% below its ATH; altcoins gain strength as dominance falls.
- BNB Chain mcap rises $3.4B (+2%); TVL up 4.1%, leads DEX volume.
- Key updates: “BNB Hack” live; CAKE U.S. listing roadmap; Alpha Earn Hub.
Bitcoin (BTC) is just 2% away from its all-time high, while its dominance is slowly falling, and altcoins are beginning to show strength.
The CMC Altcoin Season Index has improved to 32, and the CMC Crypto Fear and Greed Index is showing low levels of greed.
Today’s CPI announcement came in lower than expected, and the stars appear to be aligning for bullish continuation across fundamentally strong assets.
BNB Chain Market Recap
Following last week’s sell-off, the BNB Chain ecosystem is once again looking bullish, with the majority of BEP-20 assets seeing growth.
Source: BNB Chain Ecosystem Tokens Page
Overall, the sector expanded by 2% and added just over $3.4 billion to its market capitalization (mcap) this week.
Some of the best performers currently include:
- Lagrange (LA): +67.9% (following its Kucoin exchange listing)
- Resolv (RESOLV): +51.1% (Binance introduced Resolv as the 21st HODLer airdrop project)
- Seedify.fund (SFUND): +36.5% (due to hype surrounding an upcoming launch)
- AB (AB): +31.2% (following Bitget exchange listing)
Meanwhile, the BNB (BNB) gas asset stayed roughly stable, down 0.4% week-on-week.
Despite the sector seeing net growth, more than half of the top 100 largest BNB Chain tokens are in the red this week. Some of the worst performers include:
- Mask Network (MASK): -46.8% (despite counting among last week's best performers)
- H2O DAO (H2O): -22.4%
- Sophon (SOPH): -13.8%
- BUILDon (B): -8.3%
BNB Chain continues to see growth in several key metrics, including daily active addresses, daily transactions, and stablecoin supply. It now leads the L1 landscape in terms of DEX trading volume and stablecoin transfer volume—two key indicators of fundamental growth.
Source: DefiLlama
When it comes to total value locked (TVL), BNB Chain saw a gain of 4.1% this week, placing it roughly in the middle of the pack among the top 10 L1s.
BNB Chain News Roundup
As one of the largest project ecosystems, there is always a steady stream of major updates to keep track of.
Below, we’ve summarized some of this week’s most significant stories.
“BNB Hack” Rolls Out: The open-entry “BNB Hack: AI, DePIN, DeSci & DeSoc Edition” went live on June 5, inviting builders to create real-world blockchain applications and making the hackathon a continuous program.
CAKE Inches Closer to U.S. listing: Coinbase added PancakeSwap’s CAKE token to its roadmap, signalling a potential exchange debut after the DEX clocked a record $228 billion in 30-day volume.
Alpha Earn Hub Debuts: Binance Wallet’s new Alpha Earn Hub launched on June 11, letting users supply liquidity for freshly listed tokens and earn high APR plus Alpha Points, amid a record $12.5 billion wallet volume.
Builder Bunker Opens in NYC: On June 10, BNB Chain launched its first physical “Builder Bunker,” a New York hub offering workspace, mentorship, and MVB residency to accelerate Web3-and-AI startups.
>> That’s all we’ve got for this update. Join us next week for another dose of BNB Chain news and insights!
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