幣安的代幣BNB已經刷新了新的ATH。這在以太坊和 Solana 最近價格飆升的情況下至關重要

在最近以太坊和 Solana 價格飆升的情況下，這一點至關重要，因為人們對這些平台開創的 DeFi 和 NFT 生態系統重新產生了興趣。

Binance’s native token BNB has smashed a new all-time high (ATH) on May 12, emerging as a key narrative within the recent price surges observed in Ethereum (ETH) and Solana (SOL).

幣安的原生代幣 BNB 於 5 月 12 日創下歷史新高 (ATH)，成為近期以太坊 (ETH) 和 Solana (SOL) 價格飆升的關鍵因素。

As covered, both ETH and SOL have seen renewed interest in the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems that these platforms have largely pioneered. While ETH maintains its dominance as the leading Layer-1 (L1) smart contract platform, Solana, on the other hand, has gained significant traction as an alternative L1 due to its high throughput and low transaction fees.

如前所述，ETH 和 SOL 都重新引起了人們對這些平台在很大程度上開創的去中心化金融 (DeFi) 和不可替代代幣 (NFT) 生態系統的興趣。雖然 ETH 保持著領先的 Layer-1 (L1) 智能合約平台的主導地位，但另一方面，Solana 由於其高吞吐量和低交易費用，作為 L1 的替代品獲得了巨大的吸引力。

However, another narrative that has been intriguing market participants is the Binance token smashing past its ATH. Often regarded as an underdog to ETH in terms of decentralized application (dApp) integration and DeFi dominance, BNB’s price action might be indicating a shifting sentiment towards the token in the market.

然而，另一個引起市場參與者興趣的說法是幣安代幣突破了 ATH。在去中心化應用程式 (dApp) 整合和 DeFi 主導地位方面，BNB 通常被視為 ETH 的劣勢，但 BNB 的價格走勢可能表明市場對該代幣的情緒正在轉變。

As such, several market experts have doubled down on the token’s potential to play a pivotal role in the upcoming altcoin season, or “Altseason,” narrative. Despite being less popular than ETH or SOL in terms of user activity or dapp integration in the previous cycle, BNB’s ecosystem integrated some notable dapps and recorded high user activity.

因此，一些市場專家加倍強調了該代幣在即將到來的山寨幣季節或「山寨幣季節」敘事中發揮關鍵作用的潛力。儘管在上一周期的用戶活躍度或 dapp 整合方面，BNB 的生態系統不如 ETH 或 SOL 受歡迎，但它的生態系統整合了一些著名的 dapp，並創下了較高的用戶活躍度。

Some of these Web3 applications include the decentralized exchange PancakeSwap, lending and borrowing protocol Venus, hardware cryptocurrency wallet Trust Wallet, decentralized options exchange Alpaca Finance, among others. Sustaining high transaction fee accrual to key dApps would further validate the BNB investment thesis.

其中一些 Web3 應用程式包括去中心化交易所 PancakeSwap、借貸協議 Venus、硬體加密貨幣錢包 Trust Wallet、去中心化選擇交易所 Alpaca Finance 等。關鍵 dApp 維持高額交易費用將進一步驗證 BNB 投資論點。

Ultimately, while speculative, the confluence of ETH/SOL DeFi pumps combined with the BNB token’s breakout sets the stage for a potential alt season centered around the Binance ecosystem.

最終，儘管存在投機性，但 ETH/SOL DeFi 暴漲與 BNB 代幣的突破相結合，為圍繞幣安生態系統的潛在山寨幣季節奠定了基礎。

Bybit’s BNB Perpetual Contact drama

Bybit的BNB永續合約劇

If the BNB token continues this momentum, experts feel that it could lead to a “BNB-Beta” run, where people might start investing in other projects on the Binance Smart Chain (BSC). Some notable projects include meme coins like FLOKI, exchange tokens such as CAKE, AI, ID, TWT, XVS, BEL, and WHY, among others. From an on-chain perspective, experts recommend monitoring the coin’s transaction volumes, decentralized exchange activity, lending/borrowing rates, and protocol revenue to gain further insights into whether this narrative is materializing.

如果 BNB 代幣繼續保持這種勢頭，專家認為它可能會導致「BNB-Beta」運行，人們可能會開始投資幣安智能鏈（BSC）上的其他項目。一些著名的項目包括 FLOKI 等模因幣、CAKE、AI、ID、TWT、XVS、BEL 和 WHY 等交換代幣。從鏈上的角度來看，專家建議監控代幣的交易量、去中心化交易活動、借貸利率和協議收入，以進一步了解這種說法是否成為現實。

Meanwhile, as the price of BNB on the coin perpetual contract began to drop by -5% in just a few minutes on May 11, on-chain sleuths attributed the drop to a wave of liquidations of long traders, especially those who used large leverage. “Such a sharp drop was not observed on any other exchange, as well as on the BNB/USDT spot pair on Bybit itself,” he wrote.

同時，隨著幣永續合約上的BNB價格在5月11日短短幾分鐘內開始下跌-5%，鏈上偵探將下跌歸因於多頭交易者的一波清算，特別是那些使用大槓桿的交易者。他寫道：“在任何其他交易所以及 Bybit 本身的 BNB/USDT 現貨對上都沒有觀察到如此大幅的下跌。”