BNB Chain (BNB) reported 4.9 million average daily active users during the Jan. 22-28 period despite broader market weakness.
The native token fell 13% over seven days to test a support level analysts consider make-or-break for near-term direction.
Layer-2 network opBNB drove user growth with 2.36 million daily active users, up 46% week-over-week. The BNB Smart Chain recorded 2.59 million users but declined 8.5% from the prior week.
The ecosystem processed 142.6 million transactions during the reporting period with $56.4 billion in trading volume. Total value locked stood at $6.83 billion.
What Happened
Prediction markets on BNB Chain surpassed $20 billion in cumulative volume in late January. The segment grew 89% month-over-month since Q4 2025 with platforms like Opinion Labs and Probable gaining traction.
Grayscale filed an S-1 registration with the SEC on Jan. 23 for a spot BNB exchange-traded fund. The filing followed a similar application from VanEck in April 2025.
BNB Chain achieved 700 million unique addresses and 40.5% TVL growth in 2025. The network reached 31 million daily transactions in October without downtime.
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Why It Matters
BNB traded at $760-770 on Feb. 3 after testing $730 support the prior day. The token dropped 44.5% from its October $1,369 all-time high.
Analyst Whale Factor identified $730 as "the ultimate do or die level" that has held since August on daily and weekly timeframes. A sustained bounce could target $900 while a break below $730 may trigger selling toward $650.
The opBNB layer-2 completed its Fourier upgrade in January, reducing block time to 250 milliseconds from 500 milliseconds. The network targets 20,000 transactions per second in 2026 through planned infrastructure improvements.
BNB Chain processed average daily transactions of 10.78 million in 2025 with stablecoin market capitalization doubling to $14 billion at peak levels.
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