Why it is in the 11
- Solid narrative (trending on CoinGecko right now)
- Solid positioning (-1% funding, $23.86M open interest)
- Fair liquidity depth ($73.36B market cap)
sounding live water._-~=+*#*+=~-_.
Loading market readingsBNB BNB
The BSC chain token: a large stablecoin float and exchange-anchored demand.
53/ 100
Rank #8 of 11 · Keel anchorDrainingHigh confidence
BNB scores 53: narrative leads (trending on CoinGecko right now), with real demand the soft spot.
Price$544.32
Market cap$73.36B
Fair-waterwithin band
What this page answers
BNB carries a Pick Score of 53 of 100 and is ranked 8 in the Deep 11. BNB scores 53: narrative leads (trending on CoinGecko right now), with real demand the soft spot. The score is a sounding of open data: liquidity depth, real demand, valuation, trend, positioning, and narrative, less a risk penalty.
The score, broken open
Seven components, then a risk penalty. Bars show each component's 0 to 100 reading; the percentage is its weight in the composite. A greyed bar means we had no data and read it neutral.
Liquidity depth20%53
$73.36B market cap
Real demand20%30
1.0% daily turnover, $637.5K a day in fees
Valuation15%39
315x market cap to annual fees
Trend quality15%52
0.79x its long trend, -24% over 30 days
Positioning10%64
-1% funding, $23.86M open interest
Narrative10%68
trending on CoinGecko right now
Source coverage10%100
6 of 6 reads backed by live open data
Risk penalty-0.8Low risk
Fair-water band
Where the models say the water sits. A model-implied range from open data, not a price target and not advice.
now $544.32
$271.02fair $492.76$714.50
within the fair-water bandMedium confidence
- Long trend$692.45200-day average price, a mean-reversion anchor
- Fees$293.07peer median market-cap to annualised fees, applied to this asset's fees
A model-implied range from open data, not a price target and not advice. Read it as where the water sits, not where it is going.
What would remove it
A further slide in real demand (1.0% daily turnover, $637.5K a day in fees) would pull it out.
- chain depth draining -6% this week
Depth against price
The chain's liquidity depth (TVL) against BNB's price on a shared timeline. The divergence between them is the reading.
Depth vs price · 179d
trackingWhere BNB liquidity parts from BNB
$7.19B$4.81B$948.79$550.36
Jun 30$4.81B$558.67
Depth and price are moving together. Much of the TVL swing is the token repricing, not new liquidity arriving or leaving.
Depth from DeFiLlama chain TVL, price from the open DeFiLlama coins feed (CoinGecko id). TVL is in dollars, so it moves partly with price by construction, the reading here is the gap between them, not a forecast. Information, not financial advice.
Derivatives pressure
Funding, annualised-1%
Open interest$23.86M
Open interest / market cap+0.0%
Funding and open interest from Hyperliquid's public perps API. Funding is the cost of holding leverage, a read of which way the crowd is leaning, not a forecast.
The source trail
Every number on this page is a sounding of open, keyless data.
- CoinGecko price, market cap, and supply
- DeFiLlama chain TVL, fees, and stablecoin depth
- Hyperliquid perp funding and open interest
Bathymark reads these open numbers and renders its own sounding. This is information, not financial advice. Confidence is high, set by how complete the data is.
Connected to BNB
Drawn from the entity graph, so a question that starts here always has somewhere to go.