BNB Chain Ecosystem Records Notable Surge; BNB Reaches Record High Above $710
The post BNB Chain Ecosystem Records Notable Surge, BNB Reaches Record High Above $710 appeared first on CryptoMantr News.
The BNB Chain ecosystem experienced a significant increase in activity, token value, and trading volume. The trade volume for BNB Chain tokens increased by 124% in the last 24 hours. FLOKI topped the way with a 25% increase, while CAKE saw a 15% rise. The BNB token reached a record high of $710. The surge is attributable to a variety of causes, including token burning, a big user base, and technical capabilities that allow for the establishment of low-cost projects. The popularity of Binance Launch Pool BNB’s rise can also be attributed to the requirement that users possess and stake BNB in order to participate in fresh token offerings on Binance.