TL;DR:

It’s safe to say the bull market has now begun.

Both Bitcoin (BTC) and Ethereum (ETH) are inches from their all-time highs, the CMC Crypto Fear and Greed Index is barely above neutral territory, and altcoins are exploding left, right, and center.

With that in mind, let’s see how the BNB Chain landscape has shaped up over the last week.

BNB Chain Market Recap

The BNB Chain ecosystem is exploding.

The sector reached a new peak market capitalization (mcap) of $242.8 billion after gaining 16.3% since our last update .

Much of this growth was attributed to the stellar performance of the top three assets:

The vast majority of prominent BEP-20 tokens are in the green this week, with several among the mid-caps doing awe-inspiring numbers:

As always, there are still a few stragglers in the top 100 BNB Chain ecosystem tokens by mcap.This week’s worst performers include:

Overall, the sector is demonstrating extraordinary strength, but the underperformance of some tokens reaffirms the need to adapt when tokens no longer fit the narrative.

Compared to other L1s , BNB Chain continued to show signs of relative growth.

Over the last week, the platform saw a 15% uptick in daily active addresses (DAAs), a 4.8% gain in total value locked ( TVL ), and a 12% increase in DEX trading volume.

Source: Artemis

It continues to be one of the most efficient chains in terms of on-chain fee revenue, with 2.3 million DAAs paying a combined total of just $834K in fees.

BNB Chain News Roundup

It likely comes as no surprise that one of the most bullish weeks on record was also filled with major updates and developments.

Below, we cover some of the most significant to bring you up to speed:

Kickstart Program Upgraded, LaaS Fully Merged : BNB Chain revamped its Kickstart Program into a one-stop builder hub, merging the LaaS initiative, introducing two tracks (DApp Building & Growth), and connecting projects to 50+ service providers across 18 categories.

Binance Futures Adds XNY & AIO Perpetual Contracts : Binance Futures announced USDS-M perpetual contracts for Codatta (XNY) and OlaXBT (AIO) with up to 50x leverage, expanding derivatives access to two BNB-ecosystem AI data projects. Launch: Aug. 13 (UTC).