The BNB coin of Binance, which operates cryptocurrency trading, is the largest in terms of volume and traffic in the world.
BNB reached a new all-time high of $ 576 at 04:58 UTC on the Binance trading platform, extending its bullish range spectacularly.
The value of the cryptocurrency has increased by almost 1500% since the beginning of 2021.
And by more than 20% in the last 24 hours and by 66% in the last week, which means that the currency’s rally continues to rise.
At this point, BNB has already reached 35% of the market value of Ethereum, which means that Binance will need less than three times as much here to beat its main competitor.
Over the past month, the “Binance Smart Chain” blockchain has emerged as a viable alternative to Ethereum due to its lower fees, especially with applications like “PancakeSwap” that provide decentralized trading at lower fees than the Uniswap platform, the latter built on the Ethereum blockchain that is the leader of the DEX decentralized trading platforms. .
Some analysts fault that blockchain finance is fast because it is more centralized than Ethereum.
Among them is Mr. Ryan Watkins of “Messari”, who recently told on Twitter:
The reason why BSC blockchain finance is faster and more scalable is not because of some magical technological innovation.
No, it’s the magic of centralism instead …
Binance has incredible access and influence over blockchain Binance and has marketed it well by directing new users of decentralized finance (DeFi) toward it.
It is possible that the BNB coin will witness further gains, especially after the approaching burning process, which was announced by “CZ” CEO of Binance on Twitter: