$BNB
The price of the blockchain cryptocurrency BNB Chain (BNB), affiliated with the largest cryptocurrency exchange Binance, has for the first time in history exceeded $860. Against this backdrop, the BNB network surpassed Bitcoin in the total amount of user deposits in decentralized finance applications (DeFi), and the fortune of Binance founder Changpeng Zhao (CZ) exceeded $75 billion.
The price of BNB rose above $861 on the morning of July 28, marking an all-time high. According to Binance at 15:20 Moscow time, the rate slightly corrected below $860.
BNB ranks fifth in the Coinmarketcap capitalization ranking with a figure of nearly $119 billion, trailing only Bitcoin ($2.36 trillion), Ethereum ($470 billion), XRP ($192 billion), and the USDT stablecoin from Tether ($163 billion).
Exchange tokens, which also include BNB, may have received a boost from the overall activity in the cryptocurrency market. These assets, according to experts, traditionally benefit from every market growth cycle — when there is rising interest in cryptocurrencies and increased activity on trading platforms, the demand for exchange tokens rises.
Amid the rise of BNB, the token of the largest decentralized cryptocurrency exchange (DEX) Pancakeswap (CAKE) also grew — over the past day, the asset's price increased by more than 15% above $3.22.
$BNB
The price of the blockchain cryptocurrency BNB Chain (BNB), affiliated with the largest cryptocurrency exchange Binance, has for the first time in history exceeded $860. Against this backdrop, the BNB network surpassed Bitcoin in the total amount of user deposits in decentralized finance applications (DeFi), and the fortune of Binance founder Changpeng Zhao (CZ) exceeded $75 billion.
The price of BNB rose above $861 on the morning of July 28, marking an all-time high. According to Binance at 15:20 Moscow time, the rate slightly corrected below $860.
BNB ranks fifth in the Coinmarketcap capitalization ranking with a figure of nearly $119 billion, trailing only Bitcoin ($2.36 trillion), Ethereum ($470 billion), XRP ($192 billion), and the USDT stablecoin from Tether ($163 billion).
Exchange tokens, which also include BNB, may have received a boost from the overall activity in the cryptocurrency market. These assets, according to experts, traditionally benefit from every market growth cycle — when there is rising interest in cryptocurrencies and increased activity on trading platforms, the demand for exchange tokens rises.
Amid the rise of BNB, the token of the largest decentralized cryptocurrency exchange (DEX) Pancakeswap (CAKE) also grew — over the past day, the asset's price increased by more than 15% above $3.22.
$BNB