📉 BNB cryptocurrency rose 12% in the week ending March 29, reaching a nearly two-week high of $620. However, BNB Chain data suggests a possible market overheat:

- With inflows into Grayscale GBTC funds and Bitcoin spot ETFs dwindling, the price of BNB increased by 61.7% in the first half of March

- Total value locked (TVL) on BNB Chain fell 55% from a peak of $15.7 billion to $7.1 billion

- BNB Chain activity looks encouraging, with nearly 2 million active addresses interacting with DApps on BNB Chain over the past week

- However, demand for leverage in BNB perpetual futures remains at 0.6% per week, indicating an optimistic mood among traders.