TLDR:BNB price hit $808 before dipping; still up 5.42% weekly amid technical correction.Daily transactions on BNB Chain tripled, hitting 20 million.DEX volumes soared 400%, now above $145B as stablecoins flood the network.Two hard forks cut block times, improving speed and user experience.BNB recently reached an all-time high above $800, attracting interest across crypto circles. That rally, however, didn’t last long. The token has since pulled back sharply, dipping below $770 at the time of writing. Despite the price drop, key on-chain indicators tell a different story: activity and real usage on the BNB Chain are surging. Traders and analysts are now watching closely as momentum builds under the surface.BNB Price Pullback After ATHBNB soared to $808.09 before retracing to around $760, according to CoinGecko data. It’s down over 4% in the last 24 hours but still up 5.42% for the week. Some traders view the correction as a technical reset after a strong breakout.BNB price on CoinGeckoOne analyst from D_DTRADING noted a clean retest of the range highs overnight. They pointed out that the local break of structure gave a textbook short opportunity. For now, they’re monitoring how price reacts at the range lows before making the next move.Axel Bitblaze commented that BNB’s rally was fueled by more than hype. On Binance, the token provides trading fee discounts, staking returns, and airdrop access. This utility keeps holders engaged.Meanwhile, on-chain metrics suggest real traction. Daily transactions tripled to 20 million. Active monthly addresses doubled to 46 million. At the same time, fees dropped 60%, now averaging just one cent. These numbers hint at consistent user growth and low-friction usage.Damn $BNB silently went into price discovery mode and nobody is talking about it yet. let me walk you through on whats really going on:On the @binance exchange side, $BNB gives you trading fee discounts, staking yield, free airdrops via Launchpool all the stuff that keeps… pic.twitter.com/g3YunCzibt— Axel Bitblaze (@Axel_bitblaze69) July 24, 2025BNB Market Volume Tells Its Own StoryBNB Chain’s decentralized trading volumes are also climbing. DEX activity rose 400%, now topping $145 billion. Derivatives volume pushed even higher, hitting $200 billion. Stablecoin supply on the network jumped by $4 billion, now sitting at $11.1 billion.Two recent hard forks also played a role. The Lorentz and Maxwell upgrades lowered block times to under one second. This means faster confirmations and a smoother experience for users and developers alike.BNB’s 32nd token burn took out 1.59 million tokens worth $1.26 billion. This quarterly event reduces supply, putting upward pressure on price over time. It’s not just retail players paying attention.According to Axel, Nano Labs increased its BNB treasury to 120,000 tokens. Windtree, a digital asset firm, also signed a $60 million deal to back a BNB-based strategy. These moves suggest growing institutional confidence in the asset.Despite the recent dip, the core data remains strong. Whether or not BNB retests its recent high, the fundamentals show momentum that isn’t fading quietly. The post BNB Price Falls From New All-Time High as On-Chain Activity Surges appeared first on Blockonomi.