Binance’s BNB Chain rebounds from slump

By: bitcoin ethereum news|2025/05/08 22:15:02
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Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward. “This resilience isn’t just about price action — strong fundamentals also back it,” Joao Wedson, CEO of investing analytics platform Alphractal, said in an April X post. “Binance has built a massive ecosystem where BNB is used extensively,” Wedson added. Asset manager Standard Chartered expects the BNB token’s price to continue to rise, reaching highs of $2,775 by the end of 2028. As of May 7, BNB trades at around $600 per coin. It has a market capitalization of nearly $85 billion, according to CoinMarketCap. Meanwhile, asset manager VanEck proposed on May 5 the first BNB ETF in the United States. Related: Standard Chartered predicts BNB will more than double in 2025 DeFi inflows Since the start of 2024, BNB Chain’s TVL has increased from around $3.5 billion to more than $6 billion, according to data from DefiLlama. It still hasn’t recovered fully to all-time highs of more than $20 billion in 2022. As of May 7, BNB Chain ranks fourth among layer-1 blockchain networks by TVL, the data shows. According to Standard Chartered, BNB Chain’s “use cases remain almost entirely on decentralised exchanges [DEXs], lending protocols, and liquid staking. This makes it a much more concentrated and ‘old-fashioned’ smart contract platform than rivals,” it said in a May research note reviewed by Cointelegraph. “While this caps upside potential, it also provides a degree of stability,” according to the asset manager. PancakeSwap is among BNB Chain’s largest DEXs, with roughly $1.5 billion in TVL, according to DefiLlama. Institutional adoption Institutional adoption is growing on the blockchain network, with performance partly driven by its ties to Binance, the network’s affiliated CEX. The exchange clocked an all-time high trading volume of around $76 trillion in 2024. It accounts for roughly 40% of spot trading volumes globally, according to Standard Chartered. In addition, US President Donald Trump-backed stablecoin USD1 has been issued primarily on the BNB Chain. Data from BscScan shows that more than $2 billion worth of USD1 — or 99% of its circulating supply — has been issued on BNB Chain. Magazine: 12 minutes of nail-biting tension when Ethereum’s Pectra fork goes live Source: https://cointelegraph.com/news/binance-bnbchain-stages-comeback-institutional-defi-adoption?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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