BNB Outperforms Wide Market on Growing RWA Adoption, Potential Coinbase Listing
BNB rose over 3% in 24 hours, driven by potential Coinbase listing and increased Real-World Asset adoption on the BNB Chain.Summary
The native token of the BNB Chain, BNB, climbed more than 3% in the last 24 hours, outperforming the broader crypto market as tracked by the CoinDesk 20 index. This rally is attributed to growing institutional momentum and strategic adoption, including Coinbase considering BNB for a full listing under its new “Blue Carpet” initiative. Furthermore, China Merchants Bank International (CMBI) tokenized a USD money market fund on the BNB Chain, issuing new tokens. The BNB Chain itself reached a historical high of over 3.6 million daily active addresses last week, and investment bank China Renaissance is reportedly planning a $600 million treasury focused on BNB. Despite the positive drivers, BNB remains 17% below its all-time high, with recent volatility suggesting traders are balancing rising demand against broader market unease.
(Source：CoinDesk)