BTC
$109,296.58
+
0.77%
ETH
$2,660.22
+
3.26%
USDT
$1.0001
–
0.00%
XRP
$2.3777
+
3.86%
BNB
$662.97
+
0.66%
SOL
$154.57
+
2.62%
USDC
$0.9999
+
0.00%
TRX
$0.2875
+
0.45%
DOGE
$0.1735
+
2.10%
ADA
$0.6091
+
4.74%
HYPE
$39.24
+
3.76%
SUI
$2.9650
+
2.79%
BCH
$507.18
+
0.81%
WBT
$45.97
+
2.79%
LINK
$14.01
+
3.12%
XLM
$0.2905
+
14.09%
LEO
$9.0413
–
0.33%
AVAX
$18.64
+
2.95%
HBAR
$0.1701
+
6.69%
SHIB
$0.0₄1212
+
2.41%
By CD Analytics, Francisco Rodrigues|Edited by Stephen Alpher
Jul 9, 2025, 4:18 p.m.
- BNB rose by 0.6% in the last 24 hours in part thanks to technical upgrades and new use cases.
- The network’s Maxwell hard fork reduced block times from 1.5 seconds to 0.75 seconds, doubling transaction speed, late last month.
- Kraken and Backed Finance will launch tokenized equities on BNB Chain, enabling trading of stocks like Apple and Tesla.
BNB Chain’s native token, BNB, is pushing higher as technical upgrades and fresh use cases draw investors into the network. The token climbed about 0.6% over the last 24 hours, riding a wave of heavy trading volumes and optimism tied to plans for tokenized stock offerings.
Late last month, BNB Chain launched its so-called Maxwell hard fork, slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in activity.
STORY CONTINUES BELOW
BNB Chain, which has around $6 billion in total value locked according to DeFiLlama data, is positioning itself as a faster alternative for decentralized apps handling high throughput.
Earlier, Kraken and Backed Finance announced they are bringing their tokenized equities to the BNB Chain, allowing users to trade stocks like that of Apple or Tesla around the clock.
The products, structured as BEP-20 tokens, will be available outside the United States in 185 markets.
The CoinDesk 20 index has witnessed a 2.7% increase in the past 24 hours, as the cryptocurrency market appears to have weathered the impact of the recently announced tariffs by U.S. President Donald Trump, which are scheduled to take effect on August 1.
Despite the bullish backdrop, BNB hit resistance near $664.20 during early trading today, according to CoinDesk Research’s technical analysis model.
While some traders eye potential signs of accumulation, meaning larger investors could be quietly building positions, a late-session pullback to around $661.75 hints some traders may be locking in profits.
BNB’s next test will be whether it can push beyond the $665-$667 zone. That could determine if recent technical gains translate into sustained momentum, or if sellers step in again to keep prices in check.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
