Active BNB addresses hit record 3.6 million – Apystst explains network growth
BNB has been one of the strongest performers in recent weeks, emerging as the broader crypto market struggles to stabilize. With this market DOWTturn, the main metrics continue to confirm the increase of BNB saved and the expansion of the network. According to information shared by Cryptoonchain Analyst, BNB Smart Chain (BSC) reached a milestone on October 13, recording daily active addresses – the highest in its history.
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This shift in on-chain activity comes after months of strong pricing that began in June and quickly accelerated after September. The timing is noteworthy: the SPIKE in active addresses followed close to the price of BNB at $1,311 on October 8, revealing a strong connection between the growth of the network and the valuation of the market.
The data suggests that as the price of BNB rose, so did increasing user engagement across the BSC ecosystem – possibly driven by increased trading activity, collaboration, and Retail Fomo. With the network now showing record participation, analysts are looking to see if this momentum can sustain the current correction. A fundamental activity above these levels would strengthen market confidence and establish strong structural support for BNB’s long-term trend.
BNB network data shows a strong connection between price and on-chain activity
According to Cryptoonchain, the latest data shows that as of September 2025, the relationship between the active addresses of BNB and its price has entered a new and synchronized phase. Historically, these two indicators fluctuate independently – price rallies often occurred without a corresponding increase in network activity, and vice versa. However, in the past month, this trend has changed dramatically. The chart now shows the active addresses (green area) and the price of BNB (yellow line) moving almost in perfect tandem.
It is interesting that the price of BNB started a few days before the activity of the network, suggesting that the rally may have caused the participation of users – a classic case of FOMO participation ALL. This behavior often signals increased retail involvement and can reinforce the sense of hurt in the short term.
That said, the latest data shows a decent Cooldown. The price of BNB is set at around $1,212, while daily active addresses are a little cheaper at less than three million. This setback raises an important question: Can the network support this high workload? Keeping user engagement above the three million threshold can help establish a strong support zone for the price of BNB. On the other hand, a significant decrease in active addresses can indicate the top of the zone and the beginning of a deep correction.
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BNB price support BNB key after sharp correction
BNB continues to make significant gains after weeks of strong performance. As shown in the chart, the price fell by about 8.4%, closing near $1,049, marking one of the worst one-day lows since the beginning of August. The correction follows a parabolic rally through $1,311, with the current price action suggesting that the market is entering a consolidation phase.
Despite the short-term pullback, BNB remains structurally supported as long as it holds above its 50-day moving average (currently near $1,018). This strong support is understood near the first breakout point from September, making it an important area to watch. A decisive loss of this level could open the door to a deep recovery at $900, where it remains in the 100-day range.
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The rapid rise over the past two months may have resulted in profit taking among traders, as the Momentum indicators have rallied to excess. However, the long-term trend remains strong, supported by the 200-day moving average that continues to rise near $768. If BNB strengthens above $1,000 and regains momentum, the bulls may try another push towards the $1,200-$1,250 Range. At the moment, the preservation of the psychological level of $ 1,000 is the key to support the confidence of the market.
Featured image from chatgpt, chart from artIngview.com
