🔥 BNB Ecosystem Blooms as Token Breaks All-Time High of $710
Projects across the BNB Chain ecosystem saw drastic increases in activity, token prices, and trading volumes as BNB's native token reached a record high of over $710.86. Trading volumes of BNB Chain-based tokens rose by 127%, with memecoin FLOKI and PancakeSwap's CAKE leading gains. Smaller projects like Sensi's SENSI saw a 910% price increase.
The total value locked in BNB Chain projects increased by 8.5%, with net inflows topping $2.6 million. Market observers attributed BNB's price surge to long-term token burns and lock initiatives, cheaper gas fees, and an active user base. Approximately $400,000 worth of BNB tokens were burned in the past week. A Floki developer highlighted BNB Chain's strengths in speed, scalability, and usage.