In the past trading period, BNB Chain's native token BNB experienced significant price fluctuations. From August 23 to September 2, the price of BNB dropped from $598.80 to $502.10 and then slightly recovered to $517. However, this rebound did not boost overall market confidence, especially considering that BNB has failed to stay above $610 since mid-June. Investors hold a cautious attitude toward the future trend of BNB, which in turn affects market sentiment. There was a notable reduction in activity on the BNB Chain, particularly in the decentralized exchange (DEX) sector. In contrast, during the same period, Ethereum saw its activity decline by only 4%. Data shows that the number of active addresses on the BNB Chain fell by 18%, and the active users of the top five DApps also significantly decreased, indicating a decline in the activity level of the BNB Chain ecosystem. It is worth noting that while some market participants expect BNB to rise due to certain factors, such as expectations following CZ's release, these fundamentals seem less solid given the weak activity on the BNB Chain. Facing reduced trading volumes and a decrease in smart contract deposits, BNB still faces serious challenges, and the market remains cautiously optimistic about BNB's long-term performance.