Binance Coin (BNB) continued its upward trajectory, surging to around $850 on July 28 with a daily gain of nearly 7%. The breakout above its previous all‑time high has ignited a rally across the Binance Smart Chain ecosystem as DeFi tokens like PancakeSwap (CAKE), Venus (XVS) and the airdrop platform THE logged double‑digit gains【839857166544246†L259-L263】. Traders see the move as evidence that BNB's bullish momentum is pulling liquidity into related protocols. Analysts note that BNB's resilience—outperforming Bitcoin and Ethereum—signals growing investor confidence in the BNB Chain’s fee revenue and burn mechanics【839857166544246†L343-L346】. Nevertheless, markets remain volatile and corrections are possible, so caution is advised.
