The digital asset created and backed by the crypto giant Binance is surging, fueled by memecoin trading and corporate treasuries.

BNB just shattered its all-time high, touching $1,316 while up 8.8% in 24 hours, with trading volume surpassing $3 billion.

This rally also stems from new institutional bets on the altcoin.

CEA Industries says it now has a $611 million BNB treasury holding 480,000 tokens, while Kazakhstan’s Alem Crypto Fund named BNB its first national reserve asset.

Says CEA Industries CEO, David Namdar,

“BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.

We view BNB not just as a token, but as the fulcrum of a massively integrated ecosystem.”

In addition, BNB’s Q3 DEX volume has soared 185% to $37.1 billion, driven by the decentralized exchange (DEX) aggregator Aster’s whopping $29 million in daily fees.

BNB was created as the native token of the BNB Chain, powering transactions, staking and offering traders who pay their fees with BNB a discount.