BNB Attestation Service (BAS) Jumps Over 59% After Binance Futures Announces Listing

BNB Attestation Service (BAS) surged more than 59% on Tuesday, reaching a new all-time high of $0.016. The rally followed an announcement from Binance, one of the world’s largest cryptocurrency exchanges, that it would list BAS perpetual contracts on its platform.

Binance announced the launch of the BASUSDT perpetual contract earlier today. The contract will offer up to 50x leverage, giving market participants expanded trading options.

Trading Rules and Market Access

According to the exchange, the BAS listing will also be part of the Binance Futures New Listing Fee Promotion. Additionally, the contract will be available for Futures Copy Trading within 24 hours of its debut.

At launch, the maximum funding rate is set at +2.00% / -2.00%, with funding fees settling every four hours. Binance noted that contract specifications, such as leverage, margin requirements, tick size, and funding fees, may change based on market risk conditions.

Importantly, Binance added that its Multi-Assets Mode will enable users to trade the BAS contract using various collaterals, such as BTC, subject to applicable haircuts. The exchange also highlighted that perpetual futures listings are independent of spot market listings, meaning a token listed on Binance Futures does not guarantee a spot market listing.

BAS Trading Activity and Market Valuation

Beyond Binance, BAS tokens are actively traded on both centralized and decentralized exchanges. PancakeSwap V3 (BSC) remains the most popular platform, with the BAS/WBNB pair recording $39.59 million in trading volume over the past 24 hours. Other exchanges offering BAS include KuCoin and XT.COM, providing users with additional liquidity options.

Data shows the token’s overall trading volume reached $42.52 million in the last 24 hours, up 74.20% from the previous day. The increase highlights a surge in market activity and growing interest in the asset.

BAS’s fully diluted valuation (FDV) now stands at $162.19 million, based on a maximum supply of 10 billion tokens. The FDV reflects a statistical projection of the maximum market capitalization if all tokens were in circulation today. However, the actual timeline to reach this figure will depend on BAS’s emission schedule, which may extend over several years.

BAS Outperforms BNB Chain as Market Activity Surges

Notably, the project has shown significant performance over the past week. According to on-chain aggregator CoinGecko, BAS recorded a 137.70% price increase in the last seven days. The performance outpaced both the broader crypto market and the BNB Chain ecosystem.

While the global cryptocurrency market slipped 0.20% during the same period, BAS maintained strong upward momentum. Similar BNB Chain ecosystem tokens remained flat, highlighting BAS’s relative outperformance.

The recent price surge underscores the impact of major exchange listings on token activity. Market observers often view such announcements as catalysts for liquidity expansion and higher visibility.

For BAS, the listing marks a significant milestone in its presence on major trading platforms. Still, long-term performance will depend on adoption, ecosystem demand, and the introduction of the token’s supply into circulation.

In a related development, Stader (SD) has also captured attention despite the broader market downtrend. According to CoinTab, the token experienced a sharp 24-hour price surge of over 30% following its listing on Bithumb, one of South Korea’s leading exchanges.

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