Aster Hype
Interestingly, BNB Chain surpassed Solana in terms of daily chain fees and maintained the lead for three consecutive days last month. The renewed momentum on BNB Chain is largely attributed to the hype surrounding Aster, which has sparked massive user engagement and boosted on-chain activity across the ecosystem.
On October 4th, Aster’s TVL reached $2.34 billion, a 570% increase from $347 million, according to data compiled by DefiLlama. The sharp growth indicates that users are increasingly leveraging Aster for decentralized trading and yield farming.
While the BNB Chain Layer 1 recorded a 22% increase in active addresses over the past month, the Layer 2 scaling solution OpBNB, which is built on the OP Stack, also saw an impressive 66.4% increase during the same period. Weighing on the development, analyst Darkfost said,
“All of this puts it ahead of chains like Base, Solana, or even Ethereum. The interest is clearly there right now.”
The increased demand for the BNB Chain ecosystem, combined with shrinking supply and growing on-chain liquidity, has driven the BNB token to record highs.
Record-Breaking BNB Rally
BNB hit a new peak of over $1,189 this week. CryptoQuant found that the futures market is showing renewed buying strength as Taker Buy dominance returns. Taker Cumulative Volume Delta (CVD), which tracks the net difference between market buy and sell volumes over 90 days, is now positive and rising. Historically, a rising 90-day CVD indicates a Taker Buy‑dominant phase, while a falling or negative CVD points to seller dominance.
The current trend suggests strong buying pressure in BNB futures, which supports the possibility of further short‑term gains. However, overly aggressive long positions in the derivatives market can quickly trigger corrections.