BNB Surges Beyond All-Time High, Reviving Ecosystem
CryptoNewsTerminal Staff05 Jun, 2024
BNB Surges Beyond All-Time High, Reviving Ecosystem
BNB, the native token of the Binance exchange, has surged past its all-time high, infusing the entire ecosystem with renewed vigor. Over the past 24 hours, trading volume for tokens built on the BNB chain has soared by 124%, with FLOKI and CAKE rallying by 25% and 15%, respectively. Furthermore, DeFi Llama data indicates an 8% surge in total value locked (TVL) within BNB's DeFi ecosystem, reversing a trend of net outflows observed since May 30. At the time of writing, BNB is trading at $699.62, representing an 8.76% gain since yesterday.
