Kazakhstan-BNB partnership is the first fully state-backed acquisition, highlighting BSC’s scalability, smart contract power, and growing L1 dominance. Unlike private firms, Kazakhstan is focused on long-term on-chain utility and national digital infrastructure. After a 56% Q3 run, it has already put together its most bullish quarter since Q1 2024, outperforming its peers. September alone chipped in almost 15% of that ROI, making it the strongest month of 2025 so far.