$BNB BNB, Binance's native cryptocurrency, has seen notable developments recently. It's trading higher, even approaching its all-time high of $793.86 (reached in December 2024), with some analysts eyeing targets up to $950-$1000. This upward momentum is fueled by several factors:

* **Ecosystem Growth:** BNB Chain continues to expand its utility. A recent partnership with Ondo Finance, enabling tokenized U.S. stocks/ETFs on BNB Chain, significantly boosts its real-world asset (RWA) ecosystem.

* **Deflationary Measures:** Binance's ongoing auto-burn mechanism consistently reduces BNB's supply, with over $1 billion BNB burned in the 32nd quarterly burn, aiming for a total supply of 100 million by 2028.

* **Increased Investor Interest:** Derivatives data shows BNB Open Interest hitting a yearly high, indicating renewed confidence and new capital entering the market.

* **Technical Strength:** BNB has been closing at record weekly highs, with strong technical indicators suggesting a continuation of the bullish trend.

However, some concerns remain, including general crypto market volatility and the impact of regulatory clarity.