BNB price extends rally as network metrics explode
BNB price continued its ascent as bulls broke to a new all-time high of $1,167 on Oct. 3, with the surge coming amid an explosive increase in key network metrics.
- BNB price rose to a new all-time high of $1,167 on Friday as Bitcoin jumped to $124,000.
- Network metrics points to further gains for the Binance token.
- Overall market sentiment is also bullish, with macro factors aiding the upbeat outlook.
BNB has been in an uptrend since breaching the previous cycle’s all-time peak, and the rally above $1,100 looked to gain fresh momentum as the price hit a new all-time high of $1,167. The cryptocurrency, native to the Binance crypto exchange ecosystem and BNB Chain blockchain network, has gained more than 18% in the past week and over 32% in the past month.
The BNB (BNB) chart shows bulls have extended dominance above the $1,000 threshold after initially retreating from a high of $1,075 on Sept. 21, 2025.
What happened as BNB price rose?
A successful retest of the $1,000 area as cryptocurrencies bounced amid market reaction to the U.S. government shutdown provided a base for bulls’ latest move. Notably, the BNB community, including Binance founder and former chief executive Changpeng Zhao, has cheered each price milestone reached in recent weeks.
This upbeat sentiment has helped BNB hold onto gains and trade higher as market leaders such as Bitcoin and Ethereum surge. However, the bullish outlook is not just due to optimism for further gains; the Binance and BNB Chain ecosystems have shown significant traction across key metrics.
Key metrics point to momentum
Network growth across users, trading volumes, and total value locked aligns with Binance Coin’s market performance.
For instance, a Q3 2025 report by CryptoRank shows BNB Chain recorded a 57% quarter-over-quarter increase in active addresses in the three months to the end of September.
The network also saw notable jumps in both centralized and decentralized exchange volumes. PancakeSwap and Aster have been standout contributors to the trading-volume metric; the latter has attracted attention as one of the fastest-rising platforms.
A surge in stablecoin supply on BNB Chain, up has increased by over 6.4% to over $13 billion, is another metric aiding the price surge.
