BNB has never been like today, from Wall Street to Main Street.
Written by: Deep Tide TechFlow
On July 28, at $861, BNB reached a new all-time high, increasing over 5700 times compared to its issuance price of $0.15 in 2017.
BNB has never been like today, one side close to the elite Wall Street, and the other side approaching the ordinary people of Main Street.
In July 2025, the American alternative asset management firm 10X Capital and venture capital firm YZI Labs announced that they are preparing to establish a "micro-strategy" fund specifically for investing in BNB, aiming to provide a compliant path for institutions and family offices to hold BNB reserves through a U.S. stock listing.
BNB is integrating into the U.S. stock market, and the U.S. stock market is also entering the on-chain world through BNB Chain.
In July, the RWA platform xStocks, supported by Kraken and Backed Finance, will launch over 60 on-chain products for U.S. stocks and ETFs on BNB Chain, covering Tesla, Apple, Nvidia, and even the S&P 500 ETF.
On the other side of Main Street, BNB Chain is deeply integrated into every cross-border household that needs efficient transfers and every developer wanting to try entrepreneurship on the blockchain.
From mobile payment providers in Africa to remittances for workers in the Philippines and the freelance crypto market in Latin America, BNB Chain provides real financial infrastructure for these real users through low fees and fast confirmations.
If Bitcoin is the "digital gold" of the crypto world, and Ethereum is the "underlying silver mine of smart contracts," then BNB, once regarded as the "ancestor of exchange tokens," has now evolved into a brand new crypto species.
It is no longer just a platform token for transaction fee discounts, nor merely fuel for public chains, but a multi-dimensional value carrier bridging centralized finance, on-chain ecosystems, and real-world assets:
One side connects to the capital markets of Wall Street, while the other side delves into the life scenarios of ordinary users. The next story is just the beginning of this identity transformation.
The Transformation of the Chain: Pragmatism
The development of BNB Chain has always carried a strong pragmatic tone.
Compared to public chain projects that purely emphasize narrative or capital halo, BNB's technical path seems more like a continuous optimization aimed at actual needs.
In the past year, two network upgrades have quietly changed its fundamental performance.
First, the Lorentz hard fork, launched at the end of 2024, shortened the block time to 0.75 seconds, and the transaction confirmation time was reduced to 1.875 seconds, with peak daily transaction volume once exceeding 17.6 million.
In 2025, the Maxwell upgrade followed, not only continuing to optimize performance but also reducing on-chain transaction fees to around $0.01—a fee level close to that of centralized exchanges.
The direct result of these changes is an improvement in user experience.
On-chain, the response speed for transfers, interactions, and deployments has become more controllable, and interaction costs have become predictable, which is especially important for high-frequency interactions in DeFi or payment applications.
From the roadmap announced in 2025, BNB Chain has even higher performance goals.
The official plan is to achieve phased implementations over the next 18 months, including:
Raising the block gas limit to 1 billion to support more complex on-chain operations
Compressing confirmation time to 150 milliseconds, close to traditional payment system standards
Launching a Rust client to enrich the developer ecosystem
Implementing a Super Instructions mechanism to optimize contract execution efficiency
The logic behind this series of plans is quite clear.
BNB Chain is steadily advancing towards "high performance, low fees, and easy development," with the goal not of competing for narrative high ground, but of making on-chain interactions genuinely feasible for financial services—especially in performance and cost-sensitive areas such as cross-border payments, small-scale settlements, and on-chain asset issuance.
This also means that BNB Chain is attempting to solve a more realistic problem:
How to make blockchain infrastructure applicable in traditional financial business scenarios.
Moving Towards Wall Street: From xStocks to "BNB Micro Strategy"
If the technical upgrades represent BNB Chain's own evolution, then the connection with traditional finance is a new attempt in BNB's ecological layout in recent years.
First, it is the integration with real-world assets (RWA).
In July 2025, the RWA platform xStocks officially launched on BNB Chain, supported by Kraken and Backed Finance.
The products launched by xStocks include over 60 on-chain tokenized assets of U.S. stocks and ETFs, covering well-known targets such as Apple, Tesla, Nvidia, and the S&P 500 ETF.
Although these assets essentially still belong to trust certificates, their launch signifies that BNB Chain is becoming an important infrastructure for the on-chain RWA market, participating in the tokenization experiments of traditional financial products.
Adam Levi, co-founder of Backed, stated: "xStocks is a category of neutral, public interest-oriented assets, and expanding to BNB Chain is an important step in making it the standard for tokenized stocks. The global influence and deep liquidity of BNB Chain make it a natural partner to drive this vision."
On July 16, Ondo Finance also announced that BNB Chain will join its "Global Markets Alliance," deploying Ondo's complete portfolio of tokenized assets, including hundreds of U.S. stocks, ETFs, and funds, to BNB Chain in the near future.
This is one of the few publicly announced collaborations with Ondo, representing that BNB Chain users can purchase and hold these "tokenized U.S. stocks" on-chain without going through traditional brokers and are not restricted by market opening hours, and can even use them for DeFi applications.
This month, Circle also announced that it will issue interest-bearing stablecoin USYC natively on BNB Chain.
Secondly, discussions about BNB as "asset allocation" have begun to enter the institutional view.
The U.S. publicly listed company Nano Labs disclosed that it has raised $500 million in bonds to purchase BNB. On July 28, Nano Labs announced the addition of 8,000 BNB through OTC trading, increasing its total holdings to 128,000 BNB, with a total market value exceeding $108 million. The future target reserve scale may reach $1 billion.
On July 28, Nasdaq-listed biopharmaceutical company Liminatus Pharma (NASDAQ: LIMN) announced plans to establish a subsidiary named "American BNB Strategy," aiming to raise and invest up to $500 million in BNB in phases.
Previously, the publicly listed company Windtree (WINT) announced that it had signed a $60 million securities purchase agreement with Build and Build Corp, with the funds primarily used for acquiring BNB and initiating the BNB treasury strategy.
In early July, the U.S. alternative investment firm 10X Capital announced that it is working with crypto venture capital YZi Labs on a BNB reserve plan, aiming to establish an investment vehicle specifically holding BNB and seeking a path to go public in the U.S. stock market.
This is just the beginning.
Binance founder CZ stated on X that he heard that more than 30 teams want to launch BNB treasury reserve _related public company projects.
This trend bears some similarity to Bitcoin's early "micro-strategy" accumulation.
The difference is that the logic behind BNB is more related to its on-chain applications, RWA ecosystem, and burning mechanism, emphasizing practicality and deflationary potential rather than merely a value storage attribute.
According to the latest quarterly burn announcement for BNB (the 32nd), approximately 15,900 BNB were burned, valued at about $1.024 billion, reducing the current circulating supply to about 139 million.
**Among the top 10 tokens by market capitalization, BNB is the only crypto asset with clear deflationary attributes, and its speed is astonishing, which has solidly supported its value, reduced **volatility, and provided a continuous upward price momentum.
On July 28, the price of BNB broke through $861, setting a new high, which is a real testament to its deflationary power.
Overall, whether in RWA applications or institutional accumulation, BNB's path to financialization is still in its early stages. But these attempts reflect a direction—BNB is looking for an entry point into the traditional financial system, and this exploration is likely to be an indispensable part of the future crypto asset ecosystem.
Scene Implementation: Payment and User Expansion
The technical upgrades and financialization attempts of BNB Chain have attracted much attention, but its ecological landscape is always built on one core logic—to make blockchain truly serve more real users.
In recent years, the on-chain ecosystem surrounding BNB has gradually shown a clear trend: based on low cost and high efficiency, it continuously penetrates payment scenarios, community inclusiveness, and developer ecosystems.
In the payment field, BNB is becoming one of the "candidates" for small transactions and cross-border settlements.
Since 2025, the transaction costs on BNB Chain have been compressed to around $0.01–$0.05 per transaction, combined with a confirmation speed of under 2 seconds, providing a technical foundation for micropayments and cross-border remittances.
BNB Chain's official team has also provided merchants with easy-to-integrate CMS plugins, supporting mainstream online payment solutions including Shopify, WooCommerce, and Magento 2.
The combination of "simple and easy to use + fast settlement" is driving some BNB Chain payment experiments into the real market.
For example, luxury online shopping platform Farfetch, women's clothing brand MAINLESS, virtual number service platform Onlinesim, and travel platform Travala, among dozens of well-known platforms, have integrated BNB Chain, supporting payments in BNB and other cryptocurrencies, allowing for online consumption with an almost "Web2 experience."
In addition to RWA, BNB Chain has also built an increasingly完善 stablecoin ecosystem, including established stablecoins like FDUSD, TUSD, USDT, and USDC.
In 2025, the Trump family's crypto project World Liberty also deployed its stablecoin USD1 on BNB Chain, with over 90% of its supply now deployed on BNB Chain, establishing trading pools on platforms like PancakeSwap, making BNB Chain the ecological base for USD1.
This stablecoin system not only provides a liquidity foundation for DeFi protocols but also offers rich combinations for on-chain payments, lending, clearing, and asset issuance.
Based on the liquidity foundation of stablecoins, BNB Chain initiated the Builder Support Program, which includes hackathons, the MVB (Most Valuable Builder) accelerator, and an incubation fund support system. Many DeFi, GameFi, and SocialFi projects in the ecosystem choose to prioritize deployment on BNB Chain for the following reasons:
Mature foundational liquidity of stablecoins, facilitating the construction of lending pools, AMM pools, and payment channels;
A low-fee, high-throughput on-chain interaction environment suitable for financial-grade micropayments and flash trading;
Early user acquisition support provided by the official team and partners, making it easier for entrepreneurial projects to scale and promote.
As the BNB team describes:
“From Wall Street to Main Street, BNB Chain powers real users, real builders, and real results. Performance, fairness, and cost-efficiency — not just in theory, but in every block.”
This infrastructure capability, which can be utilized by entrepreneurs and genuinely used by users, allows BNB to maintain strong ecological vitality even during periods of lacking new narratives.
Looking back at the development paths of the BNB ecosystem, whether in off-chain payments or on-chain finance, the underlying logic remains unchanged—to cover more ordinary users with low-threshold on-chain interactions and richer liquidity, seeking possibilities for scalable expansion.
BNB, a New Cross-Border Species
The story of BNB is transcending the inherent boundaries of crypto assets.
From the initial exchange token to public chain gas, to the construction of payment networks and developer ecosystems, it has now stepped into the realm of real-world assets (RWA) and the U.S. capital markets…
BNB is no longer just a simple label of "platform coin" or "public chain coin," but is evolving towards "cross-border financial infrastructure": a new cross-border species that connects on-chain and off-chain, serves users and institutions, and possesses both financial liquidity and public chain performance, accepted by both traditional markets and decentralized ecosystems.
In the centralized crypto world, BNB is the core asset of the Binance ecosystem, participating in practical scenarios like transaction fee discounts, Launchpool, and airdrops, binding the liquidity and user network of the world's largest trading platform;
In the decentralized on-chain environment, BNB is the gas token of BNB Chain, serving as fuel for various contract interactions in DeFi, payments, gaming, RWA, etc., with its low-fee and efficient on-chain environment becoming the first choice for entrepreneurs to deploy and realize projects;
In the real world, with the integration of RWA and compliant financial projects like xStocks, Ondo, and USD1, BNB is becoming the "anchor" for mapping traditional financial assets, and some U.S. companies are beginning to use BNB as a reserve asset.
This makes BNB one of the few "hybrid assets" that can simultaneously capture centralized financial returns, on-chain infrastructure value, and the bridging potential of real-world assets.
Therefore, BNB can not only meet the needs of institutional compliance for entry but also support the liquidity network built by developers, maintaining its narrative dominance with ease between centralization and decentralization.
This may be the true meaning of BNB as a "new species"—
From Wall Street to Main Street,
beyond the value storage of Bitcoin and the smart contracts of Ethereum,
BNB is carving out a new path of "usability + financial attributes + user scale."
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