BNB 飙升，缩小与以太坊的差距

BNB 最近的飙升已将其价值推升至近 620 美元，缩小了与以太坊的差距。分析师将这种增长归因于现货比特币 ETF 和 DeFi 的势头。尽管总锁定价值（TVL）下降，但 BNB 链仍然活跃，DApp 参与度很高。资金流入现货比特币 ETF 对加密货币市场产生了积极影响，BNB 的价格轨迹一直看涨，3 月份上涨了 61.7%。然而，势头已经减弱，引发了人们对 BNB 是否有能力将涨势维持在 620 美元以上的质疑。

BNB Soars to New Heights, Narrowing the Gap with Ethereum

BNB飙升至新高度，缩小与以太坊的差距

In the rapidly evolving cryptocurrency landscape, Binance Coin (BNB) has emerged as a formidable force, recently registering an impressive 12% surge in value. This upward trajectory has propelled BNB to a valuation of nearly $620, significantly closing the gap with its primary competitor, Ethereum (ETH).

在快速发展的加密货币领域，币安币 (BNB) 已成为一股强大的力量，最近其价值飙升了 12%，令人印象深刻。这种上升趋势已将 BNB 的估值推至近 620 美元，大大缩小了与其主要竞争对手以太坊 (ETH) 的差距。

Driving Factors Behind the Surge

激增背后的驱动因素

Analysts attribute BNB's upward momentum to a confluence of factors, including the impact of spot Bitcoin exchange-traded funds (ETFs) and the sustained growth of decentralized finance (DeFi) projects. The influx of capital into spot Bitcoin ETFs has imparted a positive sentiment to the broader crypto market, although a temporary setback occurred in the week ending March 23. Nevertheless, encouraging indicators, such as the decrease in outflows from funds like Grayscale GBTC, suggest a potential resurgence in investor confidence.

分析师将BNB的上涨动力归因于多种因素的综合作用，包括现货比特币交易所交易基金（ETF）的影响和去中心化金融（DeFi）项目的持续增长。尽管截至 3 月 23 日的一周出现了暂时的挫折，但资金涌入现货比特币 ETF 给更广泛的加密货币市场带来了积极情绪。尽管如此，令人鼓舞的指标（例如 Grayscale GBTC 等基金的资金流出减少）表明，投资者信心可能会复苏。

BNB's price momentum has been undeniable, particularly during the first half of March, when it witnessed a remarkable 61.7% increase. However, this upswing encountered a temporary pause after BNB reached a peak of $645, prompting speculation about whether it has reached its zenith. Contextualizing this surge within the broader context of BNB's historical performance, such as its all-time high valuation of $116 billion in November 2021, provides valuable insights for evaluating its current trajectory.

BNB 的价格势头是不可否认的，特别是在 3 月上半月，其涨幅高达 61.7%。然而，在 BNB 触及 645 美元高点后，这一上涨势头遭遇暂时停顿，引发人们对其是否已达到顶峰的猜测。将这种飙升置于 BNB 历史表现的更广泛背景下，例如 2021 年 11 月达到 1160 亿美元的历史最高估值，为评估其当前轨迹提供了宝贵的见解。

On-Chain Metrics and User Engagement

链上指标和用户参与度

Delving into on-chain data from BNB Chain, which represents deposits in the network's smart contracts, reveals a notable decline in total value locked (TVL). This metric, which peaked at $15.7 billion, has recently fallen to just $7.1 billion. However, it is essential to recognize that this decrease aligns with the broader contraction of DeFi projects since late 2021.

深入研究 BNB 链（代表网络智能合约中的存款）的链上数据，发现总锁定价值 (TVL) 显着下降。这一指标曾一度达到 157 亿美元的峰值，最近已降至 71 亿美元。然而，必须认识到，这种下降与 2021 年底以来 DeFi 项目的更广泛收缩是一致的。

Despite the decline in TVL, BNB Chain continues to demonstrate promising levels of user engagement and adoption. Decentralized applications (DApps) on the BNB Chain, including non-fungible token (NFT) marketplaces, games, and social networks, maintain significant popularity. In the past week alone, nearly 2 million active addresses have engaged with DApps on the BNB Chain, highlighting the platform's sustained relevance and utility.

尽管 TVL 下降，BNB Chain 仍然展现出良好的用户参与度和采用率。 BNB 链上的去中心化应用程序 (DApp)，包括不可替代代币 (NFT) 市场、游戏和社交网络，仍然非常受欢迎。仅在过去一周，就有近 200 万个活跃地址与 BNB 链上的 DApp 进行了互动，凸显了该平台的持续相关性和实用性。

Market Sentiment and Future Prospects

市场情绪和未来前景

The cryptocurrency market's recent uptrend has been significantly influenced by the movement of funds into spot Bitcoin ETFs. Despite experiencing a setback in late March with a net outflow of $890 million, recent figures show a promising decrease in outflows from Grayscale's GBTC fund, hinting at a potential shift in sentiment.

加密货币市场近期的上涨趋势受到资金流入现货比特币 ETF 的显着影响。尽管 3 月底遭遇挫折，净流出 8.9 亿美元，但最近的数据显示，Grayscale 的 GBTC 基金的流出量有望减少，暗示市场情绪可能发生转变。

BNB's price trajectory in the first half of March was undeniably bullish, with a staggering 61.7% increase. However, momentum waned after hitting a peak of $645, coinciding with a market capitalization of $96.4 billion. While BNB reached its all-time high valuation of $116 billion in November 2021, the recent surge has rekindled optimism among investors.

3 月上半月，BNB 的价格轨迹无可否认是看涨的，涨幅高达 61.7%。然而，在触及 645 美元的峰值（此时市值为 964 亿美元）后，势头减弱。尽管 BNB 估值在 2021 年 11 月达到 1160 亿美元的历史新高，但近期的飙升重新点燃了投资者的乐观情绪。

Assessing BNB Chain Metrics

评估 BNB 链指标

A thorough examination of on-chain data from BNB Chain provides valuable insights into the current landscape. Total value locked (TVL) on BNB Chain, representing deposits in the network's smart contracts, experienced a notable decline from $15.7 billion at the peak to just $7.1 billion recently. However, it is essential to contextualize this decrease within the broader crypto market, particularly the contraction seen in decentralized finance (DeFi) since late 2021.

对 BNB 链上链上数据的彻底检查为当前形势提供了宝贵的见解。 BNB 链上的锁定总价值（TVL）（代表网络智能合约中的存款）经历了显着下降，从峰值的 157 亿美元降至最近的 71 亿美元。然而，必须将这种下降与更广泛的加密货币市场结合起来，特别是自 2021 年底以来去中心化金融 (DeFi) 的收缩。

While TVL serves as one metric for evaluating a blockchain's success, it is crucial to consider other factors, such as user activity and adoption. In this regard, BNB Chain's resilience and continued engagement from users paint a positive picture for its future prospects.

虽然 TVL 作为评估区块链成功的指标之一，但考虑其他因素（例如用户活动和采用率）也至关重要。在这方面，BNB Chain的韧性和用户的持续参与为其未来前景描绘了一幅积极的图景。

Can BNB Break Past $620?

BNB能否突破620美元？

As investors and analysts monitor BNB's performance, one question remains: Can Binance Coin break past the $620 mark and sustain its bullish momentum? While on-chain and derivatives metrics provide positive indications, only time will tell whether BNB's rally is just getting started or approaching a peak. In the dynamic world of cryptocurrencies, one thing is certain: expect the unexpected.

当投资者和分析师关注 BNB 的表现时，仍然存在一个问题：币安币能否突破 620 美元大关并维持看涨势头？虽然链上和衍生品指标提供了积极的迹象，但只有时间才能证明 BNB 的反弹是刚刚开始还是已接近顶峰。在加密货币的动态世界中，有一件事是肯定的：期待意外的发生。