Seeing CZ at the Nasdaq opening bell yesterday was quite a moment. He said himself that when BNB was just getting started nine years ago, he never imagined he’d one day ring the bell on Nasdaq for a treasury company holding BNB.
Everyone has seen Binance’s achievements over the past few years. But seeing BNB take center stage feels different from opening Binance every day to check prices.
The company ringing the bell this time was BNB Standard, celebrating its name change and the appointment of a new CEO, with CZ there to show his support. Alongside BNB Chain’s recent plans for a new L1, there are a few developments worth keeping an eye on that relate to our holdings and participation in the ecosystem.
First, the treasury company. U.S. stock investors can gain exposure to BNB’s price through shares, but buying BNC and buying BNB directly are ultimately different things. The company’s financing, expenses, and the premium of its share price relative to the value of its holdings will all affect returns.
For most people holding BNB, what really matters about a treasury company isn’t just whether it keeps buying coins. It’s also whether it can steadily increase the BNB value represented by each share through sensible financing, staking, validator nodes, and ecosystem businesses.
After all, increasing holdings doesn’t necessarily mean increasing value per share. Financing costs, share dilution, management fees, and whether the share price trades at a premium or discount to net asset value all affect the end result.
What I’m more interested in is BNB Chain’s recent plan for a new L1: to build another chain that will continue using $BNB , without issuing a separate native token.”
From the plans, it aims to support low-latency trading, payments, privacy-focused finance, and AI agents. The trading use case is easy enough to understand: when markets are moving fast, even a small difference in the timing of orders, cancellations, or liquidations can make a big difference to the experience. As for AI agents trading and making payments on their own, they’ll also need payment and settlement tools that can run at any time.
The new chain probably won’t lack attention at first. Continuing to use BNB for gas and staking ties these new experiments directly to BNB. The hard part is whether people will keep using it after the initial excitement fades. If it just moves the people and funds from BSC over there, then after all the effort, it’ll still be the same crowd playing.
I also really hope BNB can create more demand, blockchain can be used by more people, and the industry can keep getting better—so I won’t have to spend hours explaining to new friends, “Why should you own crypto assets?” #BSC
Everyone has seen Binance’s achievements over the past few years. But seeing BNB take center stage feels different from opening Binance every day to check prices.
The company ringing the bell this time was BNB Standard, celebrating its name change and the appointment of a new CEO, with CZ there to show his support. Alongside BNB Chain’s recent plans for a new L1, there are a few developments worth keeping an eye on that relate to our holdings and participation in the ecosystem.
First, the treasury company. U.S. stock investors can gain exposure to BNB’s price through shares, but buying BNC and buying BNB directly are ultimately different things. The company’s financing, expenses, and the premium of its share price relative to the value of its holdings will all affect returns.
For most people holding BNB, what really matters about a treasury company isn’t just whether it keeps buying coins. It’s also whether it can steadily increase the BNB value represented by each share through sensible financing, staking, validator nodes, and ecosystem businesses.
After all, increasing holdings doesn’t necessarily mean increasing value per share. Financing costs, share dilution, management fees, and whether the share price trades at a premium or discount to net asset value all affect the end result.
What I’m more interested in is BNB Chain’s recent plan for a new L1: to build another chain that will continue using $BNB , without issuing a separate native token.”
From the plans, it aims to support low-latency trading, payments, privacy-focused finance, and AI agents. The trading use case is easy enough to understand: when markets are moving fast, even a small difference in the timing of orders, cancellations, or liquidations can make a big difference to the experience. As for AI agents trading and making payments on their own, they’ll also need payment and settlement tools that can run at any time.
The new chain probably won’t lack attention at first. Continuing to use BNB for gas and staking ties these new experiments directly to BNB. The hard part is whether people will keep using it after the initial excitement fades. If it just moves the people and funds from BSC over there, then after all the effort, it’ll still be the same crowd playing.
I also really hope BNB can create more demand, blockchain can be used by more people, and the industry can keep getting better—so I won’t have to spend hours explaining to new friends, “Why should you own crypto assets?” #BSC
