$BNB According to #CoinTelegraph, data shows that the BNB chain has experienced a decrease in on-chain activity: its total value locked (TVL), DApp transaction volume, and the number of unique active wallets have recently declined. This drop in network usage reduces the intrinsic demand for the token, as many holders of $BNB use the currency to pay transaction fees and interact with decentralized applications.

Additionally, Binance, which traditionally supports the demand for $BNB through various incentives (such as using part of its profits to buy and burn tokens), has been facing regulatory challenges and trading setbacks. These include reduced fiat banking relationships and legal issues that have forced Binance to lose market share to its competitors.