[June 16, 2025, CoinDesk] Binance Coin (BNB) demonstrated resilience today, June 16, 2025, climbing despite market volatility.
BNB held firm at $800 and reached $820, driven by the surging usage of the BNB Chain.
The BNB Chain processed over 20 million transactions earlier this month, a significant increase from the 8 million transactions processed earlier in the year, according to Nansen data.
PancakeSwap, the network's primary decentralized exchange, contributed significantly with $3.5 billion in daily volume.
Over the last month, the Binance Smart Chain (BSC) handled over $130 billion in DEX volume, surpassing both Solana and Ethereum, according to DeFiLlama data.
This growth helped BNB withstand volatility.
Throughout the day, BNB saw strong buying interest, maintaining its position at $800 and peaking at $820.
This strength was supported by unusually high volume and what appeared to be institutional interest.
Technical analysis from CoinDesk Research indicates a building uptrend, with a series of higher lows.
Analysts also noted consistent above-average volumes, suggesting more than just retail enthusiasm.
Open interest in BNB derivatives has decreased by 5.2% week-over-week to $900 million, indicating caution among traders.
However, the Fear & Greed Index remains neutral at 55, suggesting that sentiment has not turned bearish.