BNB breaks through $800, hitting a new all-time high

BNB broke through $800, hitting a record high, now at $800.58, with a 24-hour increase of 4.37%. The market is volatile, so please do a good job of risk control.

Core driving factors

1. Launchpool staking demand exploded

Binance launched a new project Notcoin (NOT) Launchpool this week, and users need to stake BNB or FDUSD for mining. BNB staking pool APY reached 42% (Binance announcement), triggering a rush to buy. On-chain data shows that more than 8 million BNB (accounting for 5.6% of the circulation) are locked, and short-term liquidity is tightened.

2. Ecological expansion and technology upgrade

opBNB daily transaction volume exceeded 8 million (L2Beat), gas fee was less than $0.001, and the number of ecological applications increased to 1,580;

Binance payment added new airline travel merchant application scenarios (such as TravelbyBit), which increased BNB's practicality expectations.

3. Strengthening of deflation mechanism

The 26th BNB quarterly destruction was completed, with a destruction volume of 2.14 million (worth approximately US$1.49 billion), and the annualized deflation rate rose to 3.2%.