Binance’s weekly volume passes $51B: Can BNB price break past $645?

Key Insights

• Binance’s BNB Chain pulled off impressive figures last week in terms of daily active users, TVL, and trading volume.
• Network activity has been rising since early 2024, with transaction counts averaging more than 100M per week.
• BNB price needed a breakout above $645 to make a move towards $700, but bears were making it tough.

Binance (BNB) has recently been a topic of discussion in the crypto community, both positively and negatively. However, while most of the circulating claims were unverified, the technical and on-chain data were accurate. It did not lie.

Binance had been accused of manipulation in the recent liquidations, with CZ at the center of it. However, he distanced himself from this as he stepped down from Binance leadership.

These claims did not stop Binance from pulling out impressive figures this week. This signaled heightened network activity on BNB Chain.

Binance Coin: How are TVL and Volume Fairing?

On-chain data showed Binance Chain had an average of 4.7 million daily active users on both BSC and opBNB. BSC had an average of 2.9 million daily active users, and opBNB added 1.8 million.

By February 4, the end of the period, the total value locked (TVL) had reached $8.9 billion. Of this, roughly 19% of the circulating supply, about 25.79 million BNB, was locked in staking.

For $613, it placed the valuation of the staked supply at nearly $16 billion. These figures affirmed the network’s security. The impressive numbers did not end there. The total trading volume this week was $51.4 billion.

But what did these figures say in detail? They indicated that users were active and money was flowing well in the BNB ecosystem. It further cemented BNB Chain’s position in the larger cryptocurrency market.

These numbers gave an idea of the ecosystem’s strength at press time. That led to more examination of the network activity and, in particular, the transaction count front.

BNB Chain’s Transaction Count Averaging 100M Per Week

Since early 2023, network activity has been going up steadily. This extended the earlier weekly prospects to a longer-term scale, lasting more than three years.

As per Token Terminal, the weekly transaction counts have been above 100 million on average since the year started. This showed that users were properly utilizing the chain, broadly in the DeFi section.

Notably, activity picked up in the middle of 2024 and stayed high through 2025. During this period, several weeks have been well over the 100M mark.

Even though there were occasional small pullbacks, overall throughput remained structurally higher than before 2024.

This steady flow of transactions confirmed that there was a stable demand for block space. This supported the overall trend in network usage metrics, but was it the same case for BNB price action?

Binance Coin Price Prediction: Will Bulls Push for a Breakout?

Binance price was trading in a buy zone above the long-term 100-week exponential moving average (EMA). While this was a buying zone, the RSI was at 33. This reading indicated sellers were in control but near exhaustion as Binance Coin was close to being oversold.

At the same time, the broken EMAs were yet to reverse. This showed that bull strength had not yet faded, even as bears put up a hard fight.

However, for any move toward $700 to be real, the price needed to break out clearly above $645. The $700 level was just above the $50-week EMA. Higher levels past the 20-week EMA were $800 and beyond.

However, failure to get back to $645 could mean more consolidation between the 50 and 100 EMA bands. Therefore, traders should monitor their risk and wait for confirmation.

The setup was cautiously bullish, as it traded at a key EMA support level. But sellers were making it tough to breach higher zones.

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