The BNB Chain sector saw a 0.7% growth week-on-week, nearing its all-time high, with select small caps performing well due to cheaper gas, stablecoins, and airdrops driving activity. Bitcoin approaches $117,000, altcoins show renewed strength, despite the recent U.S. Government shutdown.

BNB Chain remains stable, growing its market capitalization by 0.7% weekly and 11.8% monthly, staying positive amidst market volatility. Despite most BEP-20 tokens being in the red, BNB’s strength buoyed the sector. Smaller tokens saw gains of over 25%.

On-chain metrics show BNB Chain surpassing Solana in daily active addresses briefly, with increased on-chain revenue from Aster but a decline in transaction volumes and DEX activity. BSC halves base gas, speeds up blocks, Binance adds OpenEden airdrops, and zero-fee stablecoins extended to Oct. 31.

Franklin Templeton integrates Benji with BNB Chain, expanding access to regulated, tokenized funds. Stay tuned for more updates on BNB Chain ecosystem developments next week.

Read more at Yahoo Finance: Uptober Kicks Off as Gas Drops and RWA Arrives