BNB Chain Revenue Adopts Uptrend Fueled By Rising Network Activity

Key Insights

• BNB chain, BSC revenue jumps to levels last seen in November.
• Grayscale files for new BNB ETF in Delaware.
• BSC network activity recap: Transactions achieve positive growth, but DeFi activity remained weak.

The BNB chain has taken an early lead ahead of rival chains in terms of revenue generation. The first 10 days of the year are a wrap, but it was just enough time to identify the top chains leading the charge in key areas. Chain revenue is among those key areas that highlight network growth, and the BNB chain appears to be leading it. Its daily total revenue surged past $1.3 million for the first time in the last 2 months.

The data revealed that the BNB chain outperformed other top networks, including Bitcoin, Tron, Aptos, and Base. For reference, Binance Chain’s daily revenue previously dropped to less than $600,000 in December as network activity cooled during the market downturn.

According to CryptoQuant, this surge in daily revenue reflected the surging number of trades taking place on the network.

BNB chain has been experiencing rising transactions, but DeFi activity has remained subdued

Binance news previously revealed a substantial drop in network activity from October to December. This was notable on the BNB chain daily transaction count, which dropped below 13 million transactions near mid-December.

For reference, the daily transaction count reached a peak of 31 million transactions in October last year. Transactions in the last 24 hours jumped to $17 million, a $4 million increase within two weeks.

Interestingly, DeFi volumes remained relatively low over the last few days, despite surging network activity. This was not surprising considering that the Binance exchange is the biggest contributor of volumes, and most retail participants use centralized exchanges.

BNB coin may get its first ETF in 2026

Apart from rising network activity this week, there were other key pieces of BNB news this week. One of the most prominent was that Grayscale just registered its first BNB ETF in Delaware.

Multiple top cryptocurrencies received their first spot ETF approvals last year. This opened doors for institutional liquidity. However, no BNB ETFs were approved during the same period, but that might be about to change in 2026.

Grayscale’s application was also not the first of its kind and may not be the first BNB ETF to be listed on the market. That honor could go to VanEck’s VBNB ETF, whose S-1 amendment was filed last year, meaning an approval might be near.

BNB ETF approvals will enable institutions to gain exposure to the BNB chain’s extensive ecosystem.

BNB price recap

The BNB coin gained favor with the bulls recently, as did most top coins. However, its rally kicked off just after the Christmas holidays, but it ended up being a modest uptick in which the BNB price surged by about 11%.

BNB crypto found its bottom range near the $821 price level in December and surged as high as $923 on Tuesday of last week. BNB coin also experienced a retracement after the rally, but it was much more modest at around 4%.

BNB price bulls maintained relative strength in the last 2 days, allowing the cryptocurrency to maintain its price action above $900. The Binance chain-native coin exchanged hands at $907 at press time.

Rising network activity may boost demand for the cryptocurrency, allowing it to push back towards $1,000. BNB’s press time press tag was only a 34% rally away from its historic top. This means robust demand may fuel the cryptocurrency’s fresh attempts at cracking new all-time highs in the coming months.