BNB first breaks above the $800 USD mark (USDT), marking a notable milestone in the token’s recovery momentum. According to Binance data, BNB traded above 800 USDT on September 21, with its 24-hour gains at times exceeding 6%. The rally coincided with Bitcoin’s rebound, while the broader crypto market regained momentum.
Market backdrop
One of the noteworthy factors behind the BNB Chain ecosystem is the rapid expansion of the tokenized stock market. Based on the provided data, the capitalization of tokenized stock on BNB Chain increased by more than $1.1 billion, accounting for roughly 36% of the total market capitalization of $3.06 billion.
This trend aligns with data released by Binance Research in September, showing that the market cap of tokenized stock has been growing significantly faster than earlier in the year. By September 9, the operating market cap reached about $4 billion, while monthly trading volume rose to $7.9 billion in August. BNB Chain and Robinhood Chain have also accounted for a large share of trading activity in the recent period.
Ecosystem activities
BNB Chain is also benefiting from the expansion of on-chain products that provide access to traditional assets. Binance Wallet has just launched its first Pre-Access campaign for pPOLY, a token issued by Paimon Finance and deployed on BNB Smart Chain. The program allows users to gain indirect access to a private company before it is publicly listed.
Notably, Binance emphasized that Pre-Access Tokens do not represent equity ownership, voting rights, or direct IPO rights.
Market backdrop
One of the noteworthy factors behind the BNB Chain ecosystem is the rapid expansion of the tokenized stock market. Based on the provided data, the capitalization of tokenized stock on BNB Chain increased by more than $1.1 billion, accounting for roughly 36% of the total market capitalization of $3.06 billion.
This trend aligns with data released by Binance Research in September, showing that the market cap of tokenized stock has been growing significantly faster than earlier in the year. By September 9, the operating market cap reached about $4 billion, while monthly trading volume rose to $7.9 billion in August. BNB Chain and Robinhood Chain have also accounted for a large share of trading activity in the recent period.
Ecosystem activities
BNB Chain is also benefiting from the expansion of on-chain products that provide access to traditional assets. Binance Wallet has just launched its first Pre-Access campaign for pPOLY, a token issued by Paimon Finance and deployed on BNB Smart Chain. The program allows users to gain indirect access to a private company before it is publicly listed.
Notably, Binance emphasized that Pre-Access Tokens do not represent equity ownership, voting rights, or direct IPO rights.