币安的代币BNB已经创下了新的ATH。这在以太坊和 Solana 最近价格飙升的情况下至关重要

在最近以太坊和 Solana 价格飙升的情况下，这一点至关重要，因为人们对这些平台开创的 DeFi 和 NFT 生态系统重新产生了兴趣。

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).

币安的原生代币 BNB 于 5 月 12 日创下历史新高 (ATH)，成为近期以太坊 (ETH) 和 Solana (SOL) 价格飙升的一个关键因素。

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 都重新引起了人们对这些平台在很大程度上开创的去中心化金融 (DeFi) 和不可替代代币 (NFT) 生态系统的兴趣。虽然 ETH 保持着领先的 Layer-1 (L1) 智能合约平台的主导地位，但另一方面，Solana 由于其高吞吐量和低交易费用，作为 L1 的替代品获得了巨大的吸引力。

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，另一个引起市场参与者兴趣的说法是币安代币突破了 ATH。在去中心化应用程序 (dApp) 集成和 DeFi 主导地位方面，BNB 通常被视为 ETH 的劣势，但 BNB 的价格走势可能表明市场对该代币的情绪正在发生转变。

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，一些市场专家加倍强调了该代币在即将到来的山寨币季节或“山寨币季节”叙事中发挥关键作用的潜力。尽管在上一周期的用户活跃度或 dapp 集成方面，BNB 的生态系统不如 ETH 或 SOL 受欢迎，但它的生态系统集成了一些著名的 dapp，并创下了较高的用户活跃度。

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 应用程序包括去中心化交易所 PancakeSwap、借贷协议 Venus、硬件加密货币钱包 Trust Wallet、去中心化期权交易所 Alpaca Finance 等。关键 dApp 维持高额交易费用将进一步验证 BNB 投资论点。

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.

最终，尽管存在投机性，但 ETH/SOL DeFi 暴涨与 BNB 代币的突破相结合，为围绕币安生态系统的潜在山寨币季节奠定了基础。

Bybit’s BNB Perpetual Contact drama

Bybit的BNB永续合约剧

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 代币继续保持这种势头，专家认为它可能会导致“BNB-Beta”运行，人们可能会开始投资币安智能链（BSC）上的其他项目。一些著名的项目包括 FLOKI 等模因币、CAKE、AI、ID、TWT、XVS、BEL 和 WHY 等交换代币。从链上的角度来看，专家建议监控代币的交易量、去中心化交易活动、借贷利率和协议收入，以进一步了解这种说法是否成为现实。

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.

与此同时，随着币永续合约上的BNB价格在5月11日短短几分钟内开始下跌-5%，链上侦探将下跌归因于多头交易者的一波清算，特别是那些使用大杠杆的交易者。他写道：“在任何其他交易所以及 Bybit 本身的 BNB/USDT 现货对上都没有观察到如此大幅的下跌。”