$BNB is second among the 18 constituents of
@SPDJIndices and
@PanteraCapital's new digital asset index, all screened on protocol revenue.
Crypto benchmarks have typically measured what an asset is worth. Revenue only exists if people transact.
BNB Chain averaged ~4.5 million daily active users through Q1 2026. Every protocol team now has a public standard telling them what institutional capital will count.