BNB Surges to Record $1,113 as Demand and Activity Explode

• BNB’s surge to a new ATH was driven by rising network activity and high trading demand.
• Stablecoin reserves on the BNB Chain reached $14B, strengthening ecosystem utility.
• The MVRV Z-Score near 30 signals overheating risks despite continued accumulation.

Binance’s native token, BNB, reached an all-time high of $1,113 on October 3, 2025, following months of accelerating gains. This happened due to strong network growth, rising trading activity, and regulatory developments. Futures and perpetual trading liquidations intensified during the rally, indicating the token’s growing dominance.

BNB Smart Chain Activity 

One major factor behind the surge has been the fast growth of the BNB Smart Chain (BSC) ecosystem. In September alone, decentralized exchanges on the network processed more than $90 billion in trades, with $3.38 billion handled in a single day. 

Meanwhile, stablecoin holdings on BNB Chain hit a record $14 billion, strengthening the token’s role as the chain’s primary fuel. Network growth has also been notable in transactions and users. 

Over 403 million transactions were processed in the past month, a 58% increase from earlier levels. At the same time, active addresses surged past 37 million, while fees doubled to $21 million, indicating increased activity across the ecosystem.

These shifts added demand to BNB, which powers the chain’s operations and supports its broader adoption. With user activity climbing, it is to be seen whether momentum will remain intact or drop in the coming weeks.

Regulatory and Institutional Outlook

According to reports, Binance is nearing completion of its U.S. Department of Justice compliance monitoring requirement linked to its 2023 settlement. This follows the dismissal of a Securities and Exchange Commission lawsuit in May.

Improved regulatory clarity is important for institutional confidence. Kazakhstan’s Alem Crypto Fund added BNB to its state reserves after Binance received a local license and supported the launch of the KZTx stablecoin. 

Such steps aligned with Binance’s infrastructure growth, including record daily trading volumes on BNB Chain and expectations of a new token burn. By reducing circulating supply, token burns typically impact market moves, creating added interest among traders anticipating reduced issuance.

Related: Binance to End OM Support on Ethereum, BNB Chain Networks

Market Metrics and Price Outlook

Market indicators show BNB’s uptrend gaining strength since mid-August, after consolidating below $600 in early April 2025. A sharp rally from July pushed prices above the $1,000 psychological level in September, with momentum sustaining into October. Current daily trading volume is at $4.26 billion, indicating strong activity in the latest breakout.

Technical indicators also support the strength of the rally. The 50-day moving average, at $1,001, crossed above the 200-day average of $942 in July. This bullish crossover has held as the price is above both levels. Periodic spikes in trading volume during rallies suggest consistent support from an active market.

According to Coinalyze, 24-hour liquidations totaled $6.5 million, with most pressure on short positions. Binance recorded around $5 million in liquidations, while OKX and Bybit followed with smaller volumes. 

Accumulation trends further show investor behavior. The Accumulation/Distribution indicator rose to 689.29 million, extending a steady uptrend since July. This suggests large buyers and institutions continue adding positions rather than distributing holdings.

Valuation indicators provide a cautious signal. The MVRV Z-Score, now at 30.62, is approaching the overheated level typically observed above 37. This means the crypto could face a correction if profit-taking increases, even though bullish momentum currently dominates.

On the positive side, continued demand may help lift BNB toward $1,200 or higher in the near term. However, increased selling pressure could push prices back toward the $970-$1,000 support zone before further increases.

Meanwhile, BNB reaching a new ATH is a combination of expanding network use, regulatory progress, and high trading volumes. Indicators such as rising accumulation and moving average crossovers confirm the strength of the uptrend. However, elevated valuation indicators show the potential for short-term corrections even as long-term momentum is intact.