The growing activity on the BNB chain is also reflected in the BNB price. Rumors are spreading that the “BNB season” has begun. What is certain is that activity is rapidly increasing on both centralized and decentralized exchanges (CEXs and DEXs). According to the data, Binance is currently the most popular centralized exchange in terms of app downloads.
Binance is experiencing tremendous growth: BNB price advantages
According to an X-Post from @crypto_rand, Binance records almost 60 million monthly visits, supports more than 400 coins and recorded about 4.83 million downloads in February alone. This number is more than double the number of downloads from OKX, which was in second place.
Trust Wallet leads the way in decentralized wallets
Trust Wallet, a wallet app from Binance, is also experiencing rapid growth. According to a post on X by @Axel_bitblaze69, shared by former Binance CEO CZ, Trust Wallet was downloaded about 35% more than other wallets such as MetaMask, Phantom, Coinbase Wallet, and Bitget this month.
Axel said he started using Trust Wallet in 2021 when he installed it during “$BNB meme season.” Since then, the app has grown rapidly, with more than 200 million downloads, 2.5 million new users per month, and support for more than 100 blockchains.
Trust Wallet is currently running a promotion where you pay no swap fees for transactions on the BNB smart chain. This promotion runs until March 27 and is contributing to the increased usage.
According to Axel, Trust Wallet remains the main wallet for users active on the BNB chain. He also pointed out that the DEX volume on the BNB chain recently exceeded that on Solana.
Will the BNB price continue to rise?
The BNB price has been on an upward trend recently. This is partly due to the increase in meme tokens on the BNB chain. Some analysts consider $640 to $665 to be important resistance levels. If these are broken, the BNB price could potentially rise towards $875.
Last week, BNB surpassed Solana in DEX volume, signaling greater interest. Binance has also announced 0% trading fees until September, which could lead to additional activity.
Analysts are calling BNB a “silent winner” because it is performing well despite the market turmoil. Some X users warn that the “BNB season” could be short-lived. If Solana attracts attention again with popular meme tokens, the attention for BNB could quickly fade.
Short-lived Trump rumors around BNB
On March 13, the BNB price rose 4% after the Wall Street Journal reported that the Trump family was in talks to invest in Binance.US. According to the article, Binance was also working on a presidential pardon for CZ.
CZ immediately denied this. “Unfortunately, I have to disappoint you, but the article is wrong,” he wrote on X. He added that there had been no talks about a deal with Binance.US or a pardon.
