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BNB Gains 45% in 24 Hours as PancakeSwap ‘Flippens’ Uniswap Volume
The exchange's native token is up 45% and trading around $265.
Updated Sep 14, 2021, 12:13 p.m. Published Feb 19, 2021, 6:16 a.m.
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The native token of one of the world's largest cryptocurrency exchanges is astral planing above new heights.
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Binance Coin 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.
Read more: PancakeSwap Brings Whopping DeFi Volumes to Binance Smart Chain
The token has also overtaken stablecoin tether to stand at number three in terms of market value, according to data from Messari.
