CEA Industries (a NASDAQ-listed company) CEO David Namdar stated that BNB recently breaking through $1300 to reach a new high is not an "unexpected result or rare peak," but rather a testament to the credibility of the network. The company has also become the largest BNB treasury in the world.
In a recent interview with Cointelegraph, Namdar described BNB as the "most overlooked blue chip in the market" and believes that this rise reflects the fundamentals that have been underappreciated for years finally coming to light.
"The market is waking up to the credibility, scale, and utility of the BNB ecosystem," he noted, highlighting the impressive throughput, active users, and continuous growth in DeFi and gaming on the BNB chain.
According to DefiLlama, the current total value locked (TVL) in the BNB Smart Chain (BSC) is $8.66 billion, making it the third-largest blockchain. In the past day, the network had 2.52 million active users and over 20.7 million transactions.
Continuing growth, updates from Messari and the official BNB chain show that usage of BSC and opBNB is high, with product innovation and ecosystem delivery continuing to advance," he added.
Namdar pointed out that macro factors such as a rebound in liquidity and ETF inflows have positively impacted BNB's recent performance, but he emphasized that the token's intrinsic strength is the real driving force. "I think macro funds contributed a part," he said, "but a larger part is still the unique ecological strength of BNB (PancakeSwap trading volume, opBNB daily active users, a broader application portfolio)."
BNB has also benefited from Binance's growing influence. The exchange's global network now encompasses infrastructure, wallets, payments, and Web3 applications. The expansion of new regulatory licenses and local partnerships in Europe, the Middle East, and Asia has also bolstered investor confidence.
Last week, Japan's PayPay, supported by SoftBank, acquired a 40% stake in Binance's Japanese subsidiary, which will become an equity-method affiliate of PayPay starting September 2025.
NASDAQ-listed CEA Industries, with the ticker BNC, operates what it claims to be the world's largest corporate BNB treasury. Last week, the company announced it holds 480,000 BNB tokens, with total cryptocurrency and cash holdings reaching $663 million.
Last week, there was also a surge in meme coin trading activity on the BNB chain, with Binance founder Changpeng Zhao (CZ) referring to this trend as "BNB meme szn."
Marwan Kawadri, head of DeFi at the BNB chain, stated that the network is evolving into the "heartbeat of on-chain trading," as it sets new records in active users and decentralized exchange trading volume.
Bubblemaps data shows that over 100,000 on-chain traders have participated in the BNB meme coin wave recently, with about 70% achieving profits. Some users have seen significant gains, with one trader earning over $10 million and hundreds achieving six-figure profits.
Related: Bitcoin (BTC) ETF continues strong performance in "Uptober," with weekly net inflows reaching $2.71 billion.
Original article: “BNB called the 'most overlooked blue chip' by CEA Industries CEO, token price hits all-time high”
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