BNB turned a sluggish October for Bitcoin into a breakout month, driven by memecoin trading, rising fees and Aster’s ascent despite renewed scrutiny on Binance.
October is historically one of Bitcoin’s (BTC) best-performing months, but this year, BNB (BNB) is stealing the show.
“Uptober” — coined to describe Bitcoin’s typically bullish Octobers — began on a high note this year, when the US government shutdown had just begun. Now, as Washington’s funding deadlock stretches past three weeks, that optimism has faded amid trade tensions and the aftermath of a historic liquidation event.
Meanwhile, BNB, the native token of Binance’s BNB Chain, has set new all-time highs twice this month. The network is experiencing a surge in memecoin trading and is competing directly with Hyperliquid in the decentralized perpetuals market through its Aster platform.