Binance Coin Now Is the Third Largest Coin by Market Cap

by in Cryptocurrency News

BNB sets records

The price of Binance native token BNB grew by 50% just in a day surpassing $276. If we consider the previous 7 days, the price has gone up by 100%. At the moment, BNB trades at above $265.

Related: Number of Binance Chain daily transactions bypassed Ethereum

The coin's market cap surged over $40 Billion overtaking that of Tether's ($33 B) and Polkadot's ($30 B).

On February 10, the CEO of the cryptocurrency exchange Binance Changpeng Zhao informed via a tweet that the platform got ahead of Ethereum in terms of transactions.

The volume of daily transactions also reached a new all-time high breaking $14 billion today.

In late 2020, Binance introduced Binance Smart Chain-based decentralized exchange, PancakeSwap. During the last weeks, the platform has been growing immensely. PancakeSwap can be described as a clone of Uniswap running on the Binance blockchain. On February 17, the volume of the protocol ($1.6 B) surpassed that of UniSwap's ($1.2 B).