Standard Chartered forecasts that Binance’s native token, BNB, could more than double in value, reaching approximately $1,275 by the end of 2025. The bank further anticipates BNB’s price climbing to $2,775 by 2028. As of May 6, BNB is trading near $600, with a fully diluted valuation of around $84 billion.
Analyst Geoff Kendrick notes that since May 2021, BNB’s performance has closely mirrored an unweighted basket of Bitcoin and Ethereum in terms of returns and volatility. He expects this correlation to persist, suggesting BNB could serve as a benchmark for digital asset prices.
Despite BNB Chain’s comparatively lower developer activity and its ecosystem being heavily centered on decentralized exchanges (DEXs), accounting for over 60% of on-chain activity, Standard Chartered views this concentration as a potential source of stability. The bank believes that as long as Binance remains a leading centralized exchange, BNB’s value drivers are unlikely to change significantly.
BNB Chain currently ranks as the fourth-largest layer-1 blockchain, with nearly $6 million in total value locked, according to DeFiLlama. In a related development, asset manager VanEck filed on May 5 to list the first BNB exchange-traded fund (ETF) in the United States.
