BNB Chain Hits Record 12M USDT Addresses, BNB Price Surges Past $600

April 15, 2025 — BNB Chain has reached a major milestone, recording nearly 12 million active USDT (Tether) addresses in the past month—cementing its status as the top Layer-1 blockchain for stablecoin activity. According to data shared by BNBChain, this figure represents 38% of all active USDT wallets, placing it ahead of competitors like TRON and Ethereum.

Source : cryptorank

The surge in USDT adresses has fueled momentum across the BNB ecosystem. At the same time, $ BNBthe network’s native token has broken above the $600 mark. This is signaling renewed investor confidence. As per data from CoinGecko and Binance, BNB currently trades at $600.33, with its market cap exceeding $84 billion, and eyes a key resistance level at $620.

Low Fees, High Demand Drive Growth

BNB Chain’s appeal lies in its low transaction fees, high throughput, and EVM compatibility. It makes it a favorite for developers and users engaging in DeFi, trading, and remittances.

The broader picture is equally bullish. BNB Chain logged 27.7 million monthly active addresses over the past year, according to BlockchainReporter, capturing 17.7% of total Layer-1 blockchain activity—second only to Solana and far ahead of Ethereum’s 6.6 million.

Tokenomics Strengthen BNB’s Position

BNB’s value proposition is further enhanced by Binance’s quarterly token burns, which have reduced its circulating supply to 140.89 million. It is down from the original 200 million. This scarcity mechanism contributes to long-term price appreciation.

With strong fundamentals, increasing adoption, and dominance in stablecoin use, BNB Chain is well-positioned to maintain its upward trajectory. Analysts suggest the combination of scalability, affordability, and a vibrant ecosystem will continue to push BNB forward. in the ongoing Layer-1 race.