3 reasons why Binance Coin (BNB) hit a new all-time high at $148
Source: Dune AnalyticsTo make up for this loss of market share, Binance integrated brand-new DeFi components, including the production of Binance DEX which supports a couple of interoperability-focused DeFi projects.Binance likewise increased the number of tokens readily available on its staking platform and the exchange raised the interest rates for each token to motivate financiers to stay on the exchange rather of chasing after yields at SushiSwap and Uniswap. BNB plays a role in fee settlement and transfers, hence enhancing its volume and value over the previous few months.New listings and partnerships Binance has actually not been shy about rapidly listing brand-new projects from the DeFi sector and these listings frequently spark a sharp increase in the trading volume and rate of the freshly noted token. Jobs like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which operates on the Binance chain, were bred on Binance Launchpad and have because ended up being recognized DeFi tasks that continue to gain momentum.
Title: 3 reasons Binance Coin (BNB) struck a brand-new all-time high at $148Sourced From: cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148Published Date: Wed, 10 Feb 2021 21:05:00 +0000
Source: Dune AnalyticsTo make up for this loss of market share, Binance incorporated brand-new DeFi elements, consisting of the production of Binance DEX which supports a couple of interoperability-focused DeFi projects.Binance likewise increased the number of tokens offered on its staking platform and the exchange raised the interest rates for each token to encourage financiers to remain on the exchange rather of chasing yields at SushiSwap and Uniswap. BNB plays a role in charge settlement and transfers, hence boosting its volume and worth over the past few months.New listings and partnerships Binance has actually not been shy about rapidly listing brand-new tasks from the DeFi sector and these listings often spark a sharp boost in the trading volume and price of the newly listed token. Tasks like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which runs on the Binance chain, were incubated on Binance Launchpad and have because become recognized DeFi tasks that continue to acquire momentum.
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