BNB: the Core Engine Behind the Global Web3 Economy

Authors: Haley H. (Investment Director of YZi Labs), Ella Z. (Head of YZi Labs)

EXECUTIVE SUMMARY

• BNB (“Build N Build”) is the native token powering BNB Chain, a public blockchain which is becoming a key infrastructure of the future global Web3 world. Compared with other options such as ETH (DeFi infra) or BTC (store of value), BNB is positioned as an efficient trading engine for the Global Web3 Economy. 
• It is a top-tier token and entails a deflationary structure and design. With a fully circulating supply and decentralized on-chain ownership (~67% Public; ~27% Burn; CZ <1%, see the main text for data source), BNB is positioned to substantially reduce unlocking as well as centralized risk and therefore reinforces institutional trust.
• According to Dune and Nansen, BNB Chain ecosystem leads #1 in DEX trading volume, the number of active users and active stablecoin wallet addresses, spanning DeFi, AI, memes, RWA, and consumer apps. BNB gives users one-token access to the broad on-chain ecosystem exposure across comprehensive sectors.
• Critically, BNB is believed to be the only token that may offer users exposure to the full spectrum of Web3 asset issuance and distribution (with ~15-20% historic native holding yield). It covers essentially all tiers of key Web3 assets and sectors: from exchange-listed blue chips to mid-cap narratives and emerging long-tail tokens on BNB Chain. BNB gives users the ability to directly participate in the growth and value across the entire crypto stack, seamlessly bridging CeFi and DeFi.
• BNB has delivered very strong cycle-proven performance among DAT-capable Layer-1 tokens, with the highest annualized price increase once reaching at ~113%, outperforming ETH, BTC, and SOL (see the main text for data source). For institutional portfolios, BNB is positioned to provide structural decoupling and asymmetric upside. It enhances diversification and improves risk-adjusted value gains within multi-asset strategies.
• BNB’s so far limited exposure to the U.S. markets to date is beginning to change: BNB DAT/ETF pipelines and BNB listing pipelines have already started in mainstream exchanges including Robinhood/Coinbase. Diverse BNB-denominated financial products like BNB DAT, ETF, and dividend funds will further help BNB unlock TradFi liquidity and expand financial functionality. In addition, CZ’s recent pardon sends a strong and positive signal to the market, presenting a special window of opportunity to expand the welcoming and adoption of BNB in North America and globally alike.

TABLE OF CONTENTS

1. BNB Overview
2. BNB Economics
3. Growth Story
4. One of the Strongest Structural Performance Historically
5. Strategic Highlight
6. Conclusion: BNB is positioned as an efficient trading engine for the Global Web3 Economy

1. BNB Overview

1.1 BNB Intro

BNB is the native token of BNB Chain and serves as the chain’s core utility and governance token. Originally launched in 2017, BNB has evolved into a high-utility, deflationary token used across a wide range of Web3 applications–from paying gas fees on BNB Smart Chain, to validator staking, to on-chain governance participation.

Beyond the BNB Chain itself, BNB is also adopted by other platforms that integrate it as a utility token. For example, on Binance’s centralized exchange (CEX), users holding BNB enjoy trading fee discounts and access to token launch programs like Launchpool and Megadrop, among other programs. These off-chain use cases, alongside on-chain uses, reflect BNB’s growing role as a multi-context Web3 token spanning both decentralized and centralized ecosystems.

BNB’s token design includes a dual-burn mechanism consisting of a programmatic Auto-Burn (based on on-chain activity and price) and a real-time BEP-95 burn (burning a portion of gas fees). Together, these mechanisms aim to provide a continuous, network-driven reduction of BNB’s supply, helping align supply with network usage. Every transaction on BNB Chain contributes to network sustainability by adjusting supply in proportion to real economic activity, aimed to maintain equilibrium between usage, capacity, and token demand.

This design is intended to ensure that as BNB Chain usage grows, token supply adjusts accordingly (up to a fixed cap of 100 million BNB). All approximately 139 million BNB tokens in existence are already circulating in the market, and over 62 million BNB have been removed via burns to date as the supply contracts toward its cap. This transparent, predictable deflationary model bolsters confidence in BNB’s long-term role in the ecosystem.

1.2 BNB Utility

BNB as a Layer-1 native token

BNB is the digital asset that is intrinsic to the BNB Chain and powers the BNB Chain on multiple levels. It is used as gas for transactions and as collateral for validators to stake as part of securing the network. Holders can delegate BNB to validators and in return receive protocol rewards for helping secure the chain. BNB also enables on-chain governance, allowing stakers to vote on protocol upgrades and important ecosystem proposals.

It runs natively on BNB Chain, a high-performance, EVM-compatible blockchain now expanding into a full tri-chain architecture:

• BNB Smart Chain (L1) – the main execution layer
• opBNB (L2) – optimized for ultra-fast trading dApps
• BNB Greenfield – decentralized storage powering new Web3 primitives

Figure 1: BNB ecosystem's rich diversity and the stellar performance of its sector leaders

BNB is deeply integrated into BNB Chain’s DeFi ecosystem, actively used as collateral, liquidity, and governance stake across protocols like Aster (Perp DEX), Venus (lending), PancakeSwap (DEX), and Lista DAO (liquid staking/BNBFi). According to DeFiLlama, as of Oct 29th, 2025, BNB Chain’s DeFi ecosystem supports approximately $16.2 billion in total value locked (TVL). According to bnbchain.org, approximately 26 million BNB tokens are staked on-chain, representing roughly 19% of total supply. These use cases underscore BNB’s dual nature: it is both infrastructure as fuel for the network and a valuable asset within dApps and the growing modular Web3 stack.

Overall, DEXs on BNB Chain are leading the decentralized trading landscape—especially PancakeSwap—further highlighting BNB’s predominance in on-chain liquidity and its ecosystem development.

Figure 2: According to Blockworks Research, BNB Chain’s DEX spot market share is the largest of any single DEX in the DeFi space

Figure 3: Aster ignites BNB Chain’s breakout with its on-chain perpetuals presenting a significant lead over Hyperliquid

BNB as a Utility Token: Platform Token with Loyalty Program

BNB’s utility extends to acting as a type of loyalty token within the broader ecosystem. Simply holding BNB can provide access to special programs and benefits. For instance, BNB holders are eligible to participate in new token launches via Launchpool, receive airdrops through programs like Megadrop and HODLer, and enjoy other community rewards, such as Binance Alpha. These community membership benefits encourage participants to hold their tokens long-term and to engage on the platform.

Holders are rewarded with exclusive access to token launches, various token giveaways, substantial trading discounts, and other benefits, distinguishing BNB from typical single- or even double-utility tokens.

Figure 4: BNB utility overview

1.3 Landscape

Layer 1 Landscape

BNB’s broad integration—from DEXs like PancakeSwap to RWA tokenization projects—demonstrates its embedded role as infrastructure, powering both on-chain finance and off-chain enterprise collaborations. This ecosystem breadth makes BNB one of the most operationally relevant tokens in the market—critical for any DAT aiming to participate in the full Web3 economy. 

BNB Chain is regarded as one of the strongest Layer-1 blockchains in 2025, leading, amongst others, in user engagement and network activity. Its growth reflects a powerful blend of retail adoption, developer momentum, and ecosystem depth. Compared to peers like Ethereum, Solana, Base, AVAX, SUI and Aptos, we believe that BNB Chain exhibits comparatively superior scalability and user stickiness, demonstrating its strategic value in the broader Web3 ecosystem.

BNB Chain Key Highlights (October 2025):

• #1 in daily active addresses (peak at 3.4M on 13^th Oct)
• #1 in daily DEX trading volume (~$19B/day, ~61.25% Market Share)
• #1 Fastest active address growth among all L1s (+~300% in 2025)
• #1 Largest active unique stablecoin wallet addresses (~20M)

(Datasource: BscScan, Dune, DefiLlama, Blockworks Research, Visa, Nansen)

Figure 5: BNB Chain DEX volumes hit new highs, now leading other top chains with a peak weekly volume of over US$156B 

CEX Landscape

The entrance traffic of cryptocurrency exchanges represents the strategic high ground of the Web3 ecosystem, serving as the primary gateway for new users entering the digital asset ecosystem. With Binance's CEX reportedly capturing approximately 55% of this entry flow, it functions as the first touchpoint for the majority of global crypto participants. At the center of this inbound flow sits BNB, which has historically turned user engagement into an asset engine—offering trading fee discounts, early launchpad access, and ecosystem rewards to convert raw entry traffic into sustained liquidity, network effects, and platform value capture.

This design has strategic implications. At the exchange layer, entrance traffic functions as the demand inflow of the Web3 ecosystem. The linkage of network usage to a native token with defined utility and governance functions, results in network throughput and token utility scale together, aligning adoption incentives with market participation.

Figure 6: Binance captures around 50% of the total CEX spot market share and is positioned to be a primary gateway for Web3 

2. BNB Tokenomics

BNB is programmatically self-balancing. It operates under a programmatically capped supply of 100 million tokens, governed by two complementary mechanisms—Auto-Burn and BEP-95—that reduce circulating supply on a quarterly basis and in real time as a function of activity and value flow.

Together, these mechanisms have permanently retired over 64 million BNB, representing over 31.8% of historical supply, which according to a BNB price of ~$1115 on Oct 26^th, 2025, means ~$72 billion worth of BNB has been burned (refer to Figure 7 below). This model is mechanically deflationary by design, functioning as a supply-adjustment system that links token issuance directly to on-chain activity. As usage increases, the protocol autonomously reduces available supply—a feedback loop that stabilizes value and dampens excess token velocity.

This structure transforms activity into equilibrium: the more the network is used, the more its monetary base self-corrects. When usage and price rise, more BNB is burned, so that supply contracts; when activity falls, burn rates drop so that supply stabilizes. That design principle makes BNB’s supply model a stabilizing mechanism intended for long-term equilibrium.

Figure 7: BNB’s programmatically self-balancing mechanism has removed 30%+ of total supply to date — burning an approximate total of $73.56 Billion worth of BNB to date 

BNB’s ownership profile has evolved to broad ecosystem holding and usage. BNB holdings are widely dispersed across the network: 

• Public
  • ~66–67% — public holders (on exchanges + self-custody)
• Foundation / Exchange / Key Person
  • ~27% — BNB Foundation burn reserve (programmatic burns; not for sale)
  • ~4–5% — Binance.com treasury (operational liquidity & custody)
  • <1% — CZ personal holdings

Figure 8: BNB distribution - decentralized & transparent (~67% public; ~27% burn; CZ <1%)

Roughly two-thirds of supply is held by unaffiliated public holders (on exchanges and in self-custody), while CZ’s personal stake is under 1%. Binance.com’s treasury takes ~4–5% of total BNB in circulation. About 27% of the total BNB in circulation is held by the BNB Foundation and ring-fenced for programmatic burns (not for sale)—a transparent, on-chain mechanism that reinforces BNB’s deflationary design over time. In addition, the largest labeled wallets are burn/operational/custodial, not of control positions, indicating a low insider concentration and a more transparent, decentralized, fair distribution.

3. Growth Story

3.1 BNB Chain Roadmap and Productization

BNB Chain is part of the transition towards “a true global decentralized financial system”, an anticipated high-throughput, multi-chain platform designed for institutional-grade trading, full-spectrum digital asset issuance, and real-world asset integration. The current roadmap targets include:

• >20,000 transactions per second (TPS)
• <150ms block finality
• native zero-knowledge privacy modules to support secure settlement and complaint confidentiality, such as ZK-powered transactions

As a promising example, in mid-2025, Binance launched Binance Alpha, a liquidity incentive and builder program that triggered a sharp increase in on-chain DEX activity. As shown in the chart, BNB Chain’s DEX volume briefly exceeded ~70% of the total on-chain spot volume, demonstrating the ecosystem’s depth of latent user and developer engagement.

Figure 9: Binance Alpha ignites BNB Chain DEX surge, with BNB reaching a 72.5% market share - a strong signal of future value growth for BNB ecosystem

Looking Ahead, we have updated Next-Gen BNB Chain (2026 and beyond) to achieve our next goal of providing a CEX like experience to serve millions of users in the “Global Decentralized Financial System” development. Here’s what’s coming as key features:

• Near-instant confirmations: aimed to achieve under 150 milliseconds for trading, swapping, and interactions
• Nasdaq-level throughput: aimed to enable over 20,000 TPS for complex onchain actions
• Upgradable virtual machine: aimed to support massive parallel execution beyond today’s EVM limits
• Native privacy: aimed to effectively facilitate transfers and contract calls, with compliance-friendly confidentiality protections
• Web2-level simplicity with Web3 control: aimed to provide multisig, key rotation, seamless authentication

Together, these key features will help form a modular trading stack, purpose-built for digital asset issuance, discovery, and settlement. We believe that BNB Chain is positioned to become the go to infrastructure for on-chain financial markets, with BNB as a key aspect of the infrastructure.

3.2 Stablecoins, Payments, and Real-World Adoption

BNB enables users to interact with a broad spectrum of Web3 assets on the BNB Chain. It is evolving into a fully integrated transactional and collateral asset enabling interaction with DeFi, payments, and tokenized applications on BNB Chain. BNB Chain consistently ranks among the top globally in stablecoin transaction volume and active users.

Recent integrations have deepened BNB Chain’s footprint in:

• Tokenized treasuries and benefit-bearing assets (e.g., Ondo Finance, Franklin Templeton collaborations)
• Stablecoin liquidity hubs with Circle (USDC) deployment and cross-chain bridging
• Exchange-linked RWA pilots, including Kraken xStocks and tokenized fund infrastructure

These initiatives move BNB into a fully integrated utility token across DeFi, payments, and even tokenized real-world applications. This breadth of use cases indicates that BNB’s role is expanding beyond the crypto niche into mainstream financial and utility scenarios.

BNB Chain is home to thousands of projects spanning sectors like decentralized finance, gaming, social tokens, and NFTs. As these metrics have grown, BNB’s importance has grown in tandem—it is the unit of value that flows through this entire economy. Users who want to participate in new project launches on BNB Chain, or use the latest DeFi app, often need BNB to do so.

BNB is at the center of both CeFi and DeFi developments. This unique positioning has contributed to sustained demand and a broad user base. As Web3 adoption continues globally, BNB’s multifaceted utility and its deflationary design may support its long-term value in a way that is tied to ecosystem growth rather than speculative cycles.

Figure 10: BNB Chain (BSC) leads in stablecoin wallet activity with the fastest growth over the past 5 years—underscoring a significantly wide on-chain adoption

3.3 U.S. Market Unlock: A Structural Catalyst driven by CZ’s Pardon, BNB DAT/ETF Pipelines and BNB Listing Pipelines in Mainstream Exchanges including Robinhood/Coinbase

BNB’s so far limited exposure to the U.S. markets is beginning to change. The rollout of BNB DATs, BNB ETF and BNB listing pipelines in mainstream exchanges including Robinhood and Coinbase, is enabling indirect access for the U.S.-based participants to have exposure to BNB using fiats. Regulatory clarity in major jurisdictions is expected to increase and accelerate institutional adoptions.

The “full and unconditional” pardon granted to CZ provides a possible path towards lessening the “fit and proper” constraints on CZ that were derived from previous government cases in the U.S.. This is an unprecedented opportunity for the U.S. and U.S. participants to embrace and benefit from the BNB Chain and its new growth, and for the BNB Chain and BNB to facilitate accelerated developer onboarding as well as re-engaging in efforts to achieve enterprise-grade integrations across payments, custody, and Web3 infrastructure in the U.S., all of which will act to serve the historically underweight region and create BNB Chain’s next growth engine.

3.4 Diverse BNB Products: Provide a Broader Range of Investors with Access to BNB Growth Story

A modular stack of BNB-linked products includes regional BNB DATs, BNB ETFs (where permitted), and BNB Yield Funds. They are translating on-chain liquidity into regulated distribution rails. Each form of the BNB-linked products serves a distinct mandate: 

• BNB DATs - including BNB Network Company (NASDAQ:BNC) and potentially more BNB DATs on the roadmap to be launched - for investors aiming for a potential amplified return profile; 
• BNB ETFs - currently undergoing regulatory approval process - for broad broker/RIA access with intraday secondary liquidity, mirroring BNB token price performance;  
• BNB Yield Funds - such as Hash Global BNB Yield Fund - for mandates that cannot hold tokens directly but can invest in yield-generative, BNB-linked funds. 

With effective KYC/AML, independent admin/audit, and standardized disclosures, these products are positioned to reduce operational frictions and expand the addressable institutional and overseas user base. From BNB DATs, BNB ETFs to BNB Yield Funds, these diverse BNB financial products provide different groups of investors with a range of choices across the liquidity–yield spectrum.

4. One of the Strongest Structural Performance in History 

4.1 BNB: Cycle-Proven Performance

Across multiple market cycles, BNB has shown consistent structural outperformance relative to peer Layer-1 networks and benchmark digital assets. Its long-term increase in value reflects a combination of functional utility, programmatic supply discipline, and ecosystem-scale integration.

Unlike peers whose performance is often tightly correlated with broader market beta, BNB shows structural decoupling behavior. Even across bear markets (2018, 2022), BNB retained relative strength and rapidly reclaimed new highs—demonstrating resilience, float compression effects, and demand stickiness that treasury-focused allocators should value.

We believe that the consistency of BNB’s price—rising ahead of narrative rotations and absorbing volatility more efficiently—positions it as the optimal base-layer asset for long-term structured products, particularly those that earn a fee or potential yield.

Figure 11: Across multiple market cycles, BNB stands out as the top-performing web3 assets compared with others, based on structure (from 2017-07-25 to 2025-10-07, rebased to 100) 

Key Insight: BNB’s compounding performance demonstrates how architecture and monetary structure can produce consistent value through self-correction. This leads to a more stable and predictable asset as the foundation to the architecture.

4.2 BNB as a Strategic Asset

BNB is not tailored only to crypto natives, but it is designed to be easy to understand and use for new comers with no prior crypto experiences. Introducing BNB may significantly improve risk-adjusted results; for example, in simulated models, adding 2%–5% BNB to a standard equity-bond-commodity mix increased the Sharpe ratio from 0.95 to as high as 1.25. This demonstrates BNB’s effectiveness as an alternative asset allocation—enhancing diversification and capturing Web3 participation and potentially benefits as well. Current market conditions may present asset managers with a structural opportunity to integrate BNB as an alternative asset.

Figure 12: Adding BNB alongside traditional assets has the potential to significantly improve risk-adjusted performances

BNB demonstrates a rare ability to decouple from broader crypto market trends, maintaining strength even during periods of BTC drawdowns and market-wide corrections. This structural independence is driven by BNB’s dual engine: on-chain economic utility and centralized platform integration. Unlike assets that move purely with macro liquidity cycles, BNB’s price tends to reflect real usage, ecosystem growth, and value creation—which we believe makes it a fundamentally differentiated asset with lower correlation to speculative crypto beta.

4.3 BNB as a Balanced Crypto Asset Across the Asset Trilemma

In crypto, everything begins and ends with the nature of assets. Compared with traditional assets, crypto assets are programmable, composable, and infrastructure-integrated, which make their evaluation multidimensional and uniquely tied to three core asset dimensions: Economic Throughput, Security, and Liquidity—collectively forming what we call the Asset Trilemma, a crypto-native extension of the macroeconomic Policy Trilemma.

BNB operates within the Crypto Asset Trilemma—we view these three forces as shaping how a network grows and sustains itself.

• Economic Throughput: how effectively a network channels real user activity through transactions, settlements, and application deployment; 
• Security: how robustly it protects those activities through consensus, validation, and transparency; 
• Liquidity: how smoothly participants can enter, exit, and exchange with little friction. 

In our experience, most systems trade one dimension for another— networks with higher security often sacrifice economic throughput. BNB’s architecture, through Proof-of-Staked-Authority (PoSA) consensus and deep multi-venue access, is designed to sustain all three in near balance.

BNB’s embedded utility is able to transform it from a passive holding into an active participation gateway. Historically, BNB’s on-platform participation programs have delivered meaningful incentives, significantly outperforming many major crypto assets in terms of user engagement and retention.

BNB intrinsically carries certain privileges and opportunities:

• Access to Exclusive Programs: BNB holders gain access to ecosystem programs, applications, and governance. Launchpool events, airdrops, and governance votes are examples of benefits tied to BNB ownership.
• Integrated User Rewards: Many initiatives on BNB Chain are structured to reward BNB holders and users. These incentives mean that even beyond price appreciation, there are tangible perks to holding BNB over time.
• One-Token Diversified Engagement: Holding BNB gives a form of broad engagement. A user can simply hold BNB and use it across lending, trading, gaming, and more.

This dynamic strengthens the ecosystem: as more people hold BNB to gain these advantages, it drives greater decentralization and activity on BNB Chain.

Figure 13: BNB is designed to be liquid, secure, and creates more significant value compared with others by ecosystem growth and development that is built into, and incentivized by, the ecosystem infrastructure itself

5. Strategic Highlight

5.1 BNB Ecosystem as A Full-Stack High-Efficiency Web3 Asset Issuance and Trading Platform

BNB’s integration across centralized and decentralized platforms positions it as a core participation token of the Web3 era. It combines infrastructure, access, and incentives, which we believe makes it a compelling utility token for long-term engagement.

Strategic Highlights of BNB:

• Ecosystem Incentives: BNB enables participation in various ecosystem programs that have historically provided holders with additional incentives and rewards.
• Core Participation Token: BNB functions as a core participation token in the Web3 era, connecting users to a wide array of blockchain applications and communities.
• Sustainable Value Model: BNB’s combination of utility and deflation can create a sustainable value model. Increased usage drives more burns and more demand for participating in programs, increasing utility value.
• Supportive Ecosystem: The BNB ecosystem has supportive venture ecosystem participants, such as YZi Labs, which are uniquely and strategically situated to onboard investment projects starting at initial proof of concept, through fundraising and initial distribution, and beyond.

Figure 14 & 15: BNB uniquely offers end-to-end exposure to the full lifecycle of Web3 asset issuance, discovery, and participation in the BNB ecosystem 

The BNB ecosystem, through its supportive venture partners such as YZi Labs, offers a robust, efficient, and comprehensive platform for asset issuance. These venture partners are strategically situated to onboard investment projects starting from the initial proof of concept, guide these projects through fundraising and initial distribution, and subsequently facilitate these projects’ global trading and decentralized ecosystem growth via the BNB Chain. By ensuring the establishment of top-performing token pairs (via CEX), BNB is becoming powerful and perhaps one of the most effective full-cycle asset-issuance hubs in the Web3 space. 

In short, the BNB Ecosystem, by integrating:

• YZi Labs and other venture participants: Incubation Starts Here
• BNB Chain: Core Deployment Layer, Growth and On-Chain Utility
• Exchanges: Liquidity, Launchpool and Trading

has built a complete system offering full-stack Web3 exposure — asset issuance, discovery, and participation, all powered by the BNB ecosystem.

5.2 BNB Benefits and Access: Superior Native Benefit Generation with a Possible 15–20% Annual Value Creation

Mechanisms like Launchpool have consistently driven large-scale BNB lockups and generated attractive user benefits, averaging 15–25% annual value enhancements during peak cycles in history. This dynamic not only programmatically reduces token circulation but also enhances user retention and ecosystem engagement, making BNB a powerful engine for both possible value and long-term platform alignment.

Figure 16 & 17: With 15–20% native annual value enhancement and deep ecosystem integration, we believe that BNB transforms standard asset holding into more efficient participation compared with others 

This multifaceted integration positions BNB as a distinct and compelling asset for long-term Web3 exposure. Our research shows that BNB has consistently been one of the leaders in economic value among major Layer-1 assets. BNB historically offers a competitive 15-20% in annual value enhancements, which presents a significant advantage compared to others (for instance, SOL~6.5%/ETH~4.5%, according to third-party data, and both of which in our view rely more on external staking protocols), highlighting BNB’s high asset issuance and value benefits. 

Unlike Bitcoin (which we view as behaviorally similar to digital gold) and Ethereum (which as we view as akin to foundational infrastructure), we believe that BNB is best characterized as a "tech platform" of the Web3 era. We believe it combines an unparalleled ecosystem entry point through the vast traffic of Binance CEX, robust infrastructure via BNB Chain, and a comprehensive operational token system offering utilities like Launchpool, Alpha, and more.

6. Conclusion: BNB is positioned as an efficient trading engine for the Global Web3 Economy

BNB encapsulates access, utility, and programmed price stabilization—all in one token. It provides holders with broad access to the Web3 ecosystem and tangible utility across numerous applications, while a built-in burn mechanism is designed to ensure long-term supply is aligned with network activity. 

BNB is not just a platform token—it is a Web3 infrastructure token that 

• Combines on-chain growth, built-in incentives, top-tier ecosystem access, and long-term supply compression. 
• Provide users with the exposure to the full spectrum of Web3 asset issuance and distribution.
• It covers all tiers of key Web3 assets and sectors: from exchange-listed blue chips to mid-cap narratives and emerging long-tail tokens on BNB Chain. 

While ETH anchors DeFi infrastructure and BTC serves as a store of value, BNB is positioned to be an efficient core engine powering the global Web3 economy and provides an allocation tool for investors entering the web3 world.

About YZi Labs

YZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first—we believe that meaningful results will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech.

 YZi Labs’ portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through our incubation programs. For more information, follow YZi Labs on X.

Disclaimer

This document is for informational purposes only and does not constitute investment, legal, or tax advice. It is not an endorsement, analysis, or recommendation with respect to any digital asset, financial instrument, asset, service, entity, issuer, or any person, entity, or matter. It is not an offer to sell or a solicitation of an offer to buy any digital assets, securities or other assets. The information herein is believed to be accurate as of the date of the presentation but is subject to change without notice. Recipients should conduct their own due diligence and consult professional advisors before making any purchase or investment decisions. Past performance is not indicative of future results. Use of this information is at your own risk. 

Forward-Looking Statements

This presentation contains forward-looking statements, including projections, estimates, and expectations regarding future performance, adoption, and market conditions for BNB and related technologies. These statements are based on current assumptions and beliefs but involve risks and uncertainties that may cause actual results to differ materially. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” and similar expressions identify forward-looking statements. Any references to “growth,” “network effects,” or “ecosystem expansion” reflect the potential scalability and adoption of decentralized technologies, not financial returns or profit-sharing mechanisms. These statements are not guarantees of future performance. We undertake no obligation to update these statements after the date of this presentation.

Key Risk Factors

The following risks and uncertainties described in this document are not intended to be an exhaustive list of all risks that may be relevant. Additional risks, including those that are currently unknown or deemed immaterial, could have a material adverse effect. 

Risk of Loss: Investment in, or purchase of, digital assets, projects associated with distributed ledger technology, to include DeFi projects, involve substantial risk, including the risk of complete loss. This document does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any purchase or investment decisions.

Regulatory Uncertainty: Digital assets and associated projects are subject to rapidly evolving and uncertain regulatory frameworks globally. Future regulatory developments may impose restrictions or obligations that could materially impact operations, liquidity, and value. Applicable regulators may determine that the digital asset constitutes securities, derivatives, or other regulated products, triggering licensing, registration, and compliance obligations. 

Legal Risk: Failure to comply with applicable laws could result in investigations, fines, cease-and-desist orders, or other enforcement actions that could adversely affect operations. In addition, as a result of the occurrence of any of these risk factors or other adverse circumstances, private persons could bring civil legal actions against the company. 

Cybersecurity and Technology Risks: Digital assets may be irretrievably lost due to cyber-attacks, private key compromise, phishing, malware, or custodial failures. Coding or design flaws in protocols or smart contracts may be exploited, resulting in unexpected behavior, loss of funds, or governance failures. Digital assets could be compromised by 51% attacks, Sybil attacks, or other consensus-level threats. 

Operational and Business Risks: High transaction volume or network disruption may delay settlement, increase gas/transaction fees, or impair functionality. Failure of cloud providers, node operators, custodian, or integrated DeFi protocols could adversely affect operations. Network improvements may not succeed, may introduce bugs, or may cause ecosystem splits (e.g., hard forks).

Market Volatility and Liquidity Risks: Digital assets experience significant and unpredictable price fluctuations that may result in substantial loss. There may be insufficient buyers or market-making support to provide an active trading market, limiting exit opportunities. Exchanges and custodian may experience insolvency, fraud, cyber breaches, or operational failures affecting access to our ownership of assets. Valuation may rely on unregulated markets, leading to price manipulation, unreliable price discovery, or abrupt loss of value. 

Governance and Tokenomics Risks: Token-based voting may be susceptible to manipulation or concentration, allowing a small group to exert outsized control. Token issuance schedules may dilute value or shift due to network governance or unforeseen circumstances. Administrative privileges may be misused, exploited, or lost, affecting token functionality of fund safety.