This afternoon Binance Coin (BNB) has posted its latest all -time high (ATH), to $ 576 on the Binance exchange.
Indirectly, this token managed to prove its capabilities with a jump of almost 1,500% since early 2021.
On that record, BNB has actually reached 35% of Ethereum’s market value. This means, the token needs to soar three times higher to overtake its main competitor.
Binance Smart Chain has become a top choice as an alternative to Ethereum due to its low cost with apps like PancakeSwap ahead of Uniswap as the premier on DEX (decentralized exchanges).
Supporting BSC’s growing position in the crypto sector, researcher at Messari Ryan Watkins attributed the victory not to its network technology innovation but to its centralized features.
Binance has garnered strong support and strong influence from across the ecosystem, and used those benefits to connect the dumping of new users in DeFi.
“Binance is also punctual. That's why BSC won. " he said through a tweet uploaded on the Twitter page.
At the time of writing, BNB is trading at $ 566.52, up over 19% in 24 hours.
