The native token of one of the world’s largest cryptocurrency exchanges is astral planing above new heights.
Binance Coin (BNB) is having its time in the sun, up 50% and trading at around $271, thanks to increased interest in decentralized exchanges and a relatively new decentralized finance (DeFi) project known as PancakeSwap.
The DeFi project has flipped its doppelganger Uniswap, as Binance’s CEO Changpeng Zhao noted on Twitter a short time ago.
The token has also overtaken stablecoin tether to stand at number three in terms of market value, according to data from Messari.
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