The recent price surge of BNB is strongly linked to an all-time high in user activity on the Binance Smart Chain (BSC), according to a new report from CryptoQuant.
The analytics firm found that the number of daily active addresses on BSC hit a record 3.62 million, marking the most active period in the network’s history. This milestone coincided with a strong BNB price rally that peaked at $1,311 on October 8.
BNB’s price and network participation has become unusually synchronized since September 2025. This contrasts with historical behavior where the two often diverged. Analysts suggest this identical movement represents a new phase for BNB, with the latest spike in active addresses likely reflecting “FOMO-driven demand” following the token’s rapid price appreciation.
However, the data shows a slight cooling-off, with the number of daily active addresses falling back below 3 million after hitting the peak. CryptoQuant warns that maintaining over three million daily active users is crucial for the bullish trend to continue. If network participation keeps declining, it could signal a local top and increase the likelihood of a significant price correction.
October 2025, Cryptoniteuae
