BNB Active Addresses Hit Record 3.6 Million as On-Chain Correlation with Price Surges
Fresh data from CryptoQuant reveals a major on-chain milestone for BNB, as daily active addresses on the BNB Smart Chain (BSC) reached a record 3.6 million, signaling unprecedented network activity and a strong correlation with price movements.
According to CryptoQuant’s analysis, the surge in daily active addresses has become a key leading indicator for tracking the health of the BSC ecosystem. Analyst @CryptoOnchain noted that wallet activity has shown an “explosive correlation” with BNB’s price action, with both metrics rising in tandem since early October.
At press time, BNB traded around $1,212, just below its recent peak of $1,311. As network engagement accelerates, this elevated address count reflects both heightened DeFi activity and growing adoption across Binance’s broader blockchain infrastructure.
Historically, spikes in BSC wallet activity have aligned with major upward trends in BNB’s valuation, reinforcing the idea that user participation directly fuels token momentum. The data also suggests that institutional and retail interaction with decentralized applications on BSC continues to expand, underpinning its resilience during volatile market phases.
With daily active addresses holding above multi-year highs, analysts say this strong on-chain foundation could serve as a catalyst for BNB’s next major price move, as the network’s usage and valuation remain tightly intertwined.