cryptopotato.com
$BNB Chain is back in focus in 2025, with its total value locked climbing to the highest level since 2022.
The growth is supported by a steady rise in active addresses and its native token, $BNB, trading close to its all-time high.
$BNB Defies Market Crash
$BNB Chain’s total value locked (TVL) has surged to $13.4 billion. The latest figure represents its highest level since 2022, according to data shared by CryptoRank.
The network has also maintained over 14 million active addresses for nine consecutive weeks, as a result of steady user engagement. This strength is mirrored in $BNB’s price performance, with the token trading just 3% below its recently established all-time high, even as most top cryptocurrencies retreated significantly from their respective peaks.
A crypto analyst stated that $BNB is showing resilience despite the recent market downturn, having printed a fresh all-time high and holding above the key $814 support level. The analyst added that if momentum returns, a new ATH could follow, while potential pullbacks to around $806 or $770 may provide ideal long-entry opportunities.
From Wall Street to Bhutan
Institutional adoption has catalyzed $BNB’s growth. An increasing number of publicly listed companies are diversifying cash reserves with digital assets. Although Bitcoin and Ethereum continue to lead, investors are now eyeing $BNB as a strong alternative.
For instance, companies like Windtree Therapeutics, Nano Labs, and Liminatus Pharma have added $BNB to their treasuries. Meanwhile, $BNB Network Company, which happens to be CEA Industries Inc.’s treasury arm, recently purchased 200,000 $BNB worth around $160 million. The company previously said that it aims to become the largest publicly traded $BNB treasury company in the United States and bring institutional exposure to the asset.
Interestingly, institutional interest is not confined to corporates. Bhutan’s sovereign investment fund, Druk Holding & Investments, also disclosed holdings in $BNB. These developments briefly pushed the crypto asset near $870. It even outpaced household names like Nike and DoorDash in market value.