The BNB Chain sector continued its slide, shedding a further $13.9 billion (~6.3%) from its market capitalization (mcap) since our last update.
TL;DR:
- BTC dominance slips as altcoins rebound; fear still looms in the market.
- BNB Chain sector -6.3% mcap; WLFI and small caps show resilience.
- Builders keep shipping: Thena–Orbs, GANA exploit, VanEck BNB ETF.
Following a shaky start to the week, many altcoin sectors are beginning to show signs of recovery.
Bitcoin (BTC) dominance dropped to 57.9% as altcoins continued to gain ground on the OG cryptocurrency.
Despite this, the CMC Crypto Fear and Greed Index remains at 15, reflecting the panicked tone of the market.
With that in mind, let’s take a look at how the BNB Chain sector held up this week.
BNB Chain Market Recap
The BNB Chain sector continued its slide, shedding a further $13.9 billion (~6.3%) from its market capitalization (mcap) since our last update.
Source: BNB Chain Ecosystem Tokens
Overall, the sector has retraced three months of growth in one of the most significant altcoin market drawdowns of 2025 so far.
BNB (BNB) held up better than most this week, with a 7.3% drawdown, but World Liberty Financial (WLFI) was the best performer among the top 10, gaining 13.3% thanks to aggressive token buybacks.
In line with this, the large majority of BEP-20 tokens are in the red, with some of the worst-affected tokens losing upwards of 30% week-on-week (WoW).
These include:
Despite the broad drawdown, some tokens remain particularly resilient. Roughly one-third of the top 100 BEP-20 tokens by mcap managed to resist the decline this week, while a handful went on to skyrocket.
This week’s biggest winners (and their catalysts) include:
- Audiera (BEAT): +75.8% (Jumped on new CEX/futures listings)
- Pieverse (PIEVERSE): +52.8% (Multiple listings and AI/agent integrations)
- Folks Finance (FOLKS): +45.9% (Major listings plus fresh incentive campaigns)
- RealLink (REAL): +44% (BingX BNB Chain Integration)
Like many layer-1s, BNB Chain saw modest reductions in most on-chain activity metrics this week, including a 58.6% decline in DEX trading volume, a 2.1% decline in daily active users (DAUs), and a 5% decline in total value locked (TVL).
Source: Token Terminal
Per Token Terminal, BNB Chain remains the most active blockchain in terms of DAUs.
BNB Chain News Roundup
Despite the downturn, several developments occurred in the BNB Chain space this week.
Below, we’ve summarized a handful of the most significant:
Orbs dSLTP Brings CEX-Style Orders On-Chain: Orbs deployed its dSLTP (decentralized stop-loss & take-profit) protocol on BNB Chain, bringing CEX-style risk management directly on-chain. Thena is the first DEX integrating it, showcasing Orbs’ L3 infra for advanced automated execution.
https://twitter.com/orbs_network/status/1991809145520234879
GANA Payment Exploited for $3.1M on BNB Chain: Payments project GANA Payment suffered a ~$3.1M exploit on BNB Chain after an attacker drained its PancakeSwap liquidity, bridged funds to Ethereum, and laundered them via Tornado Cash.
https://twitter.com/GANA_PayFi/status/1991424973190361394
VanEck Pushes Ahead With Spot BNB ETF Filing: VanEck advanced its spot BNB ETF bid by updating its S-1 filing for the proposed VBNB fund on Nasdaq, excluding staking rewards.
https://twitter.com/TheCryptoLark/status/1993326348295692378
BNB Chain Phases Out Erigon, Promotes Reth-BSC Client: BNB Chain refined its execution client roadmap by announcing it will end Erigon support by Dec. 31, 2025, and promote Reth-BSC instead, urging node operators to migrate early for better performance, stability, and multi-client resilience.
https://twitter.com/BNBChainDevs/status/1993016938394423399
>> That’s all for this update. Check back in next week for the latest BNB Chain developments.
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