Key Points
- The BNB token reached a new ATH of $712 today.
- Projects across the BNB Chain ecosystem surged in activity today.
BNB recorded a new ATH today of $712. At the moment of writing this article, the coin is up by over 8%.
BNB’s market cap is currently around $103 billion.
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Nick Ruck, head of growth at Bitcoin yield project BitU, said recently that the price of BNB is benefiting from years of token burns and token lock initiatives for their Launchpad program.
He also noted that the BNB protocols have ramped up campaigns and activities due to cheaper gas fees and have cultivated a large and energetic user base.
BNB Chain ecosystem projects recorded a surge in activity, token prices, and trading volume
The projects across the BNB Chain ecosystem have recorded a jump in activity, token prices, and trading volume as well, following the new ATH reached by BNB.
According to the latest reports from CoinGecko, the trading volumes of BNB Chain-based tokens surged by 132% in the past 24 hours.
The trading volume in 24 hours is now about $1.1 billion and the total value locked on the BNB ecosystem projects is $5.7 billion, according to the same data.
According to a Floki developer, the BNB Chain is perhaps the most underrated chain in all of crypto. The dev also said that from the fundamentals perspective, the BNB Chain is one of the best chains to build on: fast, scalable, and arguably the most used chain by the majority of the non-Wester world.
The BNB Chain was initially developed as Binance Smart Chain and the exchange still supports its development and funding.
Speaking of Binance, the exchange recently made headlines after the Head of CEE & CIS Kyrylo Khomiakov, clarified rumors about potential stablecoins delisting.
During a meeting at Binance Campus, which Crypto.ro attended as well, he addressed the important matter that has been in the media for a while, regarding a potential ban/delisting of stablecoins, and highlighting the upcoming changes.
