BNB Chain has emerged as a prominent network for digitizing real-world assets (RWAs) such as gold, treasury bonds, and stocks. Attracting significant interest from both institutional and individual investors, the network propelled the price of BNB coin to an unprecedented $1,000, achieving a new all-time high. The surge past the $1,000 mark has spurred expectations that the altcoin‘s value could climb even higher.
BNB Chain Takes the Lead in RWA Projects
BNB Chain has announced the establishment of a comprehensive ecosystem that integrates compliant issuance mechanisms, secondary market solutions providing liquidity, and DeFi compatibility for the tokenization process. The chain offers cost-effective and secure transaction capabilities, with opBNB supporting high transaction volumes. Meanwhile, its Greenfield infrastructure allows for decentralized data storage.
Circle’s USYC coin, backed by U.S. Treasury bonds, was launched on BNB Chain in July. By September, 73% of its total market value was situated on this network, positioning BNB Chain as the principal network for USYC on a global scale.
Matrixdock’s XAUm token, indexed to gold, registered a trading volume of $22 million last year, with $21 million of that on PancakeSwap. This indicates that the highest trading volume for tokenized gold was recorded on BNB Chain. Additionally, tokenized stocks developed by Ondo Finance and BackedFi were added to the network, strengthening BNB Chain’s standing in diversity and scalability.
BNB Coin Hits the $1,000 Milestone
BNB coin’s price reached a new peak of $1,000 with a 4.23% increase in the last 24 hours. Its daily trading volume surged to $3.74 billion, while the value of open positions in futures markets rose by 10%, surpassing $2 billion. These statistics reflect the growing interest of investors in BNB.
Cryptocurrency analyst Ali Martinez predicts that if BNB surpasses the $1,000 level, its price could climb to $1,300. Binance founder Changpeng Zhao emphasized BNB’s broad application in trade, payment, and blockchain-based applications, stressing the need for banks to accelerate BNB integration.
