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 Author:Martin To create an efficient trading engine for the digital economy, BNB’s ambition is far more than just a token. Recently, YZi Labs released a major in-depth research report on BNB, which analyzed BNB’s positioning, economic model and core competitiveness in detail. The report points out that BNB is evolving from a single platform token to a Web3 infrastructure asset, taking on the role of a global Web3 cost-effective trading engine. Different from the positioning of Bitcoin as a store of value and Ethereum as a DeFi infrastructure, BNB aims to become an efficient settlement and distribution layer throughout the entire process of asset issuance, pricing, trading and distribution.  (Picture: BNB Chain (BSC) leads and has the fastest growing number of active stablecoin wallets in the past five years) BNB’s new positioning: Web3 infrastructure beyond platform coins As the native token of BNB Chain, BNB has developed from a trading platform token in 2017 to a highly practical, deflationary asset. The report points out that BNB’s core competitiveness lies in its multiple application scenarios, including Gas payment, staking, security and governance functions. In the BNB Chain ecosystem, BNB is not only a network fuel, but also a bridge connecting CeFi and DeFi. Holders can not only enjoy handling fee discounts on Binance Exchange, participate in activities such as Launchpool/Megadrop, but also participate in various applications such as DeFi, AI, and RWA on BNB Chain.  (Picture: Overview of BNB’s practicality) The report emphasizes that BNB is the only token that allows users to have full access to the entire process of Web3 asset issuance and distribution. The historical return on native currency holdings is approximately 15-20%. Deflationary economic model: continuous destruction creates scarcity BNB’s economic model design is one of its core strengths. The report shows that BNB has a programmed deflation model and continues to reduce supply through two complementary mechanisms: automatic destruction and BEP-95 real-time destruction. Currently, approximately 139 million BNB have been fully circulated, and more than 62 million BNB have been destroyed in total. The target total supply cap is 100 million. Based on the BNB price of approximately US$1,115 on October 26, 2025, this means that BNB worth approximately US$72 billion has been destroyed. The holding structure of BNB has evolved into a widely dispersed model: about 66-67% is held by the unaffiliated public, about 27% is reserved for destruction, Binance Treasury accounts for about 4-5%, and CZ’s personal holdings are less than 1%.  (Picture: BNB distribution-decentralized and transparent, 67% public； About 27% destroyed ； cz<1%) This decentralized ownership structure significantly reduces unlocking pressure and centralization risks, helping to enhance institutional trust. Ecological advantage: leader in data verification BNB Chain showed strong performance on key indicators. According to the report, BNB Chain ranks at the forefront of public chains in multiple core indicators: during October 2025, its daily active addresses peaked at 3.4 million, and its daily DEX trading volume was approximately US$19 billion, accounting for approximately 61.25% of the market share. BNB Chain's total DeFi lock-up value is approximately US$13 billion to US$16 billion, and the number of daily active addresses has increased by approximately 300% in 2025, showing a strong network effect. BNB Chain is building a three-chain architecture including BNB Smart Chain, opBNB and Greenfield to provide support for different types of decentralized applications. In the future, BNB Chain plans to achieve a throughput of more than 20,000 TPS and a block confirmation time of less than 150 milliseconds, providing users with a CEX-like experience.  (Picture: BNB’s rich ecosystem and the excellence of its industry leaders) Institutional Adoption and Future Opportunities The report pointed out that BNB is ushering in important institutional adoption opportunities, and CZ’s pardon is regarded as an improved compliance signal, creating conditions for BNB to release incremental compliance funds in the North American market. BNB-related DAT/ETF and exchange listing pipelines are progressing and will be launched on mainstream platforms such as Robinhood and Coinbase to further expand its investor base. In the field of RWA, BNB Chain has cooperated with Ondo Finance, Franklin Templeton and other institutions to carry out projects such as the tokenization of treasury bonds, showing its potential in traditional assets on the chain.  (Graphic: BNB has outperformed other assets in multiple market cycles) With its stability, low transaction costs and high throughput, BNB Chain is becoming an important infrastructure for real-world assets to be put on the chain. Conclusion The YZi Labs report depicts the evolution path of BNB from platform currency to Web3 core engine. With its deflationary economic model, wide range of application scenarios and powerful ecosystem, BNB is building a bridge connecting the decentralized world and traditional finance. As technology upgrades and institutional adoption accelerate, BNB is expected to play a more important role in the development of the global Web3 economy. Click to follow the video account to get the latest information  Disclaimer: Readers are requested to strictly abide by local laws and regulations. This article does not represent any investment advice. Article pictures from: YZi Labs  Review of past issues: 1. More than 4 million Bitcoins have been lost 2. BlackRock has bought 3 million ETH 3. Hong Kong’s Stablecoin Ordinance officially comes into effect 4. The story of Bitcoin is happening on Ethereum |
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