PANews reported on October 29th that Haley H. and Ella Z., research leaders at YZi Labs, recently wrote an article stating that BNB, as the native token of BNB Chain, is evolving from a single-platform token into a Web3 infrastructure asset, undertaking functions such as gas payments, staking, security, and governance, while also providing benefits such as fee discounts and Launchpool/Megadrop access within the Binance CEX ecosystem. The report states that BNB has a deflationary model, with approximately 139 million BNB currently in circulation and over 62 million BNB burned, targeting a total supply cap of 100 million. This structure is described as decentralized, with low unlocking pressure and individual CZ holdings below 1%, which helps build institutional trust. The report also states that BNB Chain ranked among the top public chains in terms of decentralized spot trading volume, number of active addresses, and active stablecoin wallets in October 2025. Its DeFi TVL was estimated at between $13 billion and $16 billion, and its peak daily active addresses reached millions, demonstrating that BNB has become a unified asset gateway connecting DeFi, AI, RWA, Memecoin, and consumer applications. The report further emphasizes that BNB is seen as the next structural opportunity in the US market: BNB-related DAT/ETFs and exchange listing pipelines are progressing, and the amnesty of Binance founder CZ is seen as a signal of improved compliance, potentially releasing incremental compliance funds for BNB in North America. The report concludes that unlike BTC, which is more focused on value storage, and ETH, which is more focused on DeFi infrastructure, BNB is positioned as an efficient settlement and distribution layer spanning the entire chain of issuance, pricing, trading, and allocation, aiming to become the "core engine of the global Web3 economy."