BNB, the native token of BNB Chain, surged to $614 on Sept. 27, gaining 25.7% over three weeks, its highest since June 2024. Despite speculation, the rally is not strongly linked to Binance founder Changpeng “CZ” Zhao's release from U.S. custody. BNB's price momentum appears to be tied to broader altcoin market trends and its ecosystem, rather than CZ's legal issues. While BNB Chain’s TVL stagnated, rival blockchains like Ethereum and Solana saw growth. DApp volumes also declined across the crypto market, though BNB Chain saw a 4% increase in active addresses. Source: Cointelegraph
