According to @OnchainDataNerd, Binance Research identifies that BNB's recent price and market cap increase are primarily driven by strong trust from both retail and institutional users in the expanding Binance ecosystem. The report highlights BNB's broad utility, including its use as DeFi collateral, trading fee discounts, governance, gas fees, and payments, which contribute to sustained demand and trading activity. This analysis suggests continued positive momentum for BNB (Binance Coin) as long as ecosystem growth and utility remain robust. Source: Binance Research.