BNB, the native token of the BNB chain, is pushing higher as technical upgrades and fresh use cases draw investors into the network. Tokens have risen about 0.6% in the last 24 hours, riding the wave of heavy trading volume and optimism associated with plans to provide tokenized inventory.
Later last month, the BNB chain launched the so-called Maxwell Hard Fork, sliced the block double from about 1.5 seconds to 0.75 seconds. This means that transactions are cleared twice as fast. This is a move that will help the chain handle the surge in activity.
The BNB chain, which has a total of around $6 billion locked according to Defillama’s data, is positioned as a faster alternative to decentralized apps handling high throughput.
Previously, Kraken and Bucked Finance brought tokenized stocks into the BNB chain, allowing users to sell stocks like Apple and Tesla 24 hours a day.
Products configured as BEP-20 tokens will be available outside the US in 185 markets.
The Coindesk 20 Index has witnessed a 2.7% increase in the last 24 hours. This is because the cryptocurrency market appears to have overcome the impact of recently announced tariffs by US President Donald Trump, which is scheduled to take effect on August 1.
According to Coindesk Research’s technical analysis model, BNB hit a resistance of nearly $664.20 today during early trading.
While some traders have eye on potential signs of accumulation, larger investors can quietly build positions, while some traders may be increasing their profits, pullbacks of the delayed session to a hint of around $661.75.
The next test for BNB is whether they can push beyond the $665-$667 zone. This allows you to determine whether recent technical profits will lead to sustained momentum, or whether sellers will step in again to keep prices down.