The BNB Chain ecosystem saw muted growth this week, gaining 1.4% to reach a $166.7 billion market capitalization (mcap).
TL;DR:
- BNB ecosystem market cap rises 1.4%, small caps rally despite uneven performance.
- Maxwell hard fork halves block intervals, boosting DeFi gaming throughput and security.
- Nano Labs’ $500M BNB treasury plan, zero-fee transfers, $2M exploit headlined this week.
With popular stock indices like the S&P 500 and Nasdaq Composite hitting all-time highs, and Bitcoin (BTC) again flirting with ~$108,000, the altcoin market appears primed for a comeback.
With that in mind, let’s see how the BNB Chain sector shaped up over the last week👇
BNB Chain Market Update
The BNB Chain ecosystem saw muted growth this week, gaining 1.4% to reach a $166.7 billion market capitalization (mcap).
Source: BNB Chain Ecosystem Tokens
Much of this can be attributed to the performance of BNB (BNB), which gained 1.9% in this period to reach ~$658 and an mcap of $92.7 billion.
The rest of the BNB Chain sector was a mixed bag. The biggest winners were mostly concentrated among small caps, whereas larger caps typically struggled.
This week’s best performers and their catalysts (if known) include:
- Gradium (GRD): +917.1%
- Hashflow (HFT): +152.4% (now live on dYdX)
- Humanity Protocol (H): +102.5% (recovering from airdrop-related FUD)
- AI Companions (AIC): +90.3%
- Subsquid (SDQ): +30.7% (recovering from last week’s crash)
Other prominent BNB Chain tokens didn’t fare quite so well. This week’s worst performers include:
- Newton Protocol (NEWT): -27.4%
- BugsCoin (BGSC): -18.6%
- AB (AB): -18.5% (continuing from last week’s crash)
- Chintai (CHEX): -17.4%
- H2O DAO (H2O): -14.2%
Source: Artemis
Over the last month, BNB Chain has established itself as the second-most popular chain by stablecoin transfer volume and the most popular chain by DEX trading volume, owed in part to the rising popularity of meme coins on the platform.
BNB Chain News Recap
It was an eventful week for the BNB Chain ecosystem, with a major upgrade and significant funding round among this week’s biggest headlines.
Maxwell Hard Fork Halves Block Times: On June 30, BNB Chain executed the Maxwell hard fork, cutting block intervals from 1.5 seconds to ~0.8 seconds. The upgrade doubles throughput, tightens validator coordination, and prepares the network for higher-speed DeFi and gaming.
Nano Labs To Raise $500 Million for BNB Treasury: Chinese chip designer Nano Labs announced a $500 million convertible-bond sale dedicated to buying BNB. The firm plans to accumulate up to 10% of the circulating supply, signaling growing institutional appetite for the ecosystem.
Zero-Gas Stablecoin Transfers Extended: BNB Chain prolonged its “Zero Fee Carnival,” keeping USDT and USD1 transfers on the chain gas-free until July 31. The promotion has already offset more than $4 million in fees and will add further wallet, bridge, and exchange support.
$2 Million Phishing Exploit Hits BSC: CertiK reported that on June 25, an attacker stole almost $2 million by abusing a contract’s printMoney() function after a phishing-related key compromise, swapping the haul to BNB and stablecoins; investigators are tracking the funds.
>> That’s a wrap for now. Check in next week for another dose of BNB Chain news and updates. ✌️
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