According to Cas Abbé, the BNB Chain network demonstrated remarkable growth in May 2025, with perpetuals (perps) trading volume reaching $17.7 billion, its highest level in 15 months, and decentralized exchange (DEX) volume hitting an all-time high of $178 billion. The monthly transaction count also soared to 402.1 million, the highest in 1.5 years. These robust figures, verified by on-chain data, indicate increasing user engagement and liquidity on BNB Chain, which may attract more trading activity and capital inflows into BNB and related DeFi tokens, regardless of broader market direction (source: Cas Abbé on Twitter, June 11, 2025).

According to Miles Deutscher, mastering on-chain analysis is now more valuable than focusing on perpetuals trading. Deutscher emphasizes that traders who prioritize understanding blockchain fundamentals over technical indicators gain a significant edge in managing trading psychology, identifying emerging crypto trends, and reacting to information asymmetries in real time. This approach enhances decision-making and risk management, which are crucial in today's fast-evolving digital asset markets (Source: @milesdeutscher on Twitter, June 10, 2025).