In August, we were still hoping to see BNB hit four digits, and today it finally happened—definitely not an easy feat. Core logic: Previously, we talked about how MicroStrategy's treasury model could be a major boost; Recently, collaborations with traditional financial institutions like Franklin Templeton have been driving BNB's applications in DeFi and real-world assets (RWA), opening up new possibilities for the BNB ecosystem in the RWA space; Of course, the most important factor is still the thriving on-chain ecosystem. USD1 is primarily issued on the BNB Chain, and Binance Alpha has practically become the go-to platform for altcoin TGEs, with a wave of Alpha altcoin seasons significantly boosting on-chain trading volume.