BNB Is Quietly Beating Bitcoin in Late October — and the Chain Behind It Is Still Growing

On October 29, the crypto market told two stories at once. The headline was weakness: according to FXEmpire's October 29 report, total market capitalisation stood at $2.67 trillion, and Bitcoin reversed from its 50-day moving average near $81,700 to about $79,900. The quieter story was BNB. BNB rose 0.6% on the day, making it the outperformer among major assets, extending gains from the previous four days, continuing an uptrend that began on October 19, and closing above its 50-day moving average on Wednesday.

### The late-October reversal, in numbers

Bitcoin's reversal from near $81,700 to about $79,900 framed the day. Against that backdrop, BNB's 0.6% gain mattered precisely because it was not a broad rally: it was relative strength while the market leader faded. BNB had already gained on each of the previous four days, and the move since October 19 has kept it above its 50-day moving average after Wednesday's close — a technical foothold that traders watch, even if a single close does not settle a trend.

A CoinGecko snapshot at 20:30 UTC on October 29 put BNB at $732.55, down 2.58% over 24 hours, up 1.95% over 7 days and down 1.46% over 30 days, with a 24-hour range of $737.63-$760.02. That snapshot also underlines how far the token remains from its peak: its all-time high was $1,369.99 on October 13, 2025, leaving it about 46% below that peak and down 32.78% over one year. In other words, late-October outperformance is a relative story, not a claim that BNB has reclaimed its highs.

### The chain behind the token: Q3 in numbers

The case for looking past the price chart rests on BNB Chain's third-quarter data. Q3 revenue was $54.2 million. Daily active addresses were 2.10 million, down 14% quarter on quarter. Q3 transactions reached 1.51 billion, up 7.5% quarter on quarter. Falling active addresses alongside rising transactions is a mixed signal: fewer daily users, but more activity per user or more automated and application-driven throughput. It is growth in usage, not a simple surge in new users.

Supply discipline is part of the same story. The 37th quarterly burn on October 19, 2026 removed 1,646,196.44 BNB from circulation. Burns do not guarantee price gains, but they are a regular, verifiable reduction in supply that long-term holders cite when they argue BNB's economics differ from purely speculative tokens.

### Jenner: payments as the next test

The forward-looking piece is the Jenner hard fork, now live on the BSC testnet, which reserves 5% of block gas for eligible payments. If that design works in production, it would carve out dedicated capacity for payments rather than leaving payment transactions to compete for the same block space as everything else. That is a practical, unglamorous upgrade — and that is the point. Chains that want everyday payments need predictable throughput, not just headline transaction counts.

### A small-sample warning on market opinion

One market-opinion datapoint deserves a clear caveat. A Morfi opinion market put BNB at 36% versus Hyperliquid at 30%, based on just 14 traders and $69,418 in volume. That is a small sample, not a broad market verdict, and it should not be read as proof of wider sentiment. It is interesting as a snapshot of a niche market; it is not a poll of the crypto market.

### Why this is distinct from the altcoin-split story

Earlier on October 29, Zimbuck's altcoin-split coverage noted BNB's resilience in a single section alongside Solana and Chainlink. This article is different: it is a dedicated BNB deep-dive built on the afternoon's FXEmpire report, the 20:30 UTC CoinGecko snapshot, the 37th burn, Q3 chain data, and the Jenner testnet upgrade. The question it asks is narrower — whether BNB's strength is a chain story or simply a Binance-linked trade — and it answers with chain-level numbers rather than a cross-asset comparison.

### FAQ

**Why did BNB outperform Bitcoin on October 29?** According to FXEmpire's October 29 report, BNB rose 0.6% while Bitcoin reversed from near $81,700 to about $79,900. BNB had gained on the previous four days and had been in an uptrend since October 19, closing above its 50-day moving average on Wednesday.

**What was BNB's price in the October 29 snapshot?** CoinGecko at 20:30 UTC on October 29 showed BNB at $732.55, down 2.58% in 24 hours, up 1.95% in 7 days and down 1.46% in 30 days, with a range of $737.63-$760.02.

**How far is BNB from its all-time high?** Its all-time high was $1,369.99 on October 13, 2025, so the snapshot price was about 46% below peak, and BNB was down 32.78% over one year.

**What did BNB Chain report for Q3?** Q3 revenue of $54.2 million, 2.10 million daily active addresses (down 14% quarter on quarter), and 1.51 billion transactions (up 7.5% quarter on quarter).

**What was the 37th quarterly burn?** On October 19, 2026, it removed 1,646,196.44 BNB.

**What is the Jenner hard fork?** A BSC testnet upgrade that reserves 5% of block gas for eligible payments, aimed at giving payment transactions dedicated capacity.

**Should the Morfi opinion market be taken as broad sentiment?** No — it showed BNB at 36% versus Hyperliquid at 30%, but with only 14 traders and $69,418, it is a small sample with a clear caveat.

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Related reading: Binance Hit by Suspected $2.5 Billion Wallet Drain — What We Know, and What Is Still Unconfirmed at https://zimbuck.com/blogs/401/Binance-Hit-by-Suspected-2-5-Billion-Wallet-Drain-What

This article is market news and general information only, not financial advice.