BNB Gains 45% In 24 Hours As PancakeSwap 'Flippens' Uniswap Volume




  • In Business
  • 2021-02-19 06:16:14Z
  • By CoinDesk
 

The native token of one of the world's largest cryptocurrency exchanges is astral planing above new heights.

Binance Coin (BNB) 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.

The token has also overtaken stablecoin tether to stand at number three in terms of market value, according to data at Messari.

This story is still developing and will be updated accordingly.

See also: PancakeSwap Brings Whopping DeFi Volumes to Binance Smart Chain

  • BNB Gains 45% In 24 Hours As PancakeSwap 'Flippens' Uniswap Volume

  • BNB Gains 45% In 24 Hours As PancakeSwap 'Flippens' Uniswap Volume

  • BNB Gains 45% In 24 Hours As PancakeSwap 'Flippens' Uniswap Volume

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DeFi, social media and data breaches are also acknowledged as "risk factors" for investors in the company's hot-off-the-presses prospectus.

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