BNB Gains 45% in 24 Hours as PancakeSwap ‘Flippens’ Uniswap Volume

19/02/2021 by No Comments

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 from Messari.

Read more: PancakeSwap Brings Whopping DeFi Volumes to Binance Smart Chain
BNB Gains 45% in 24 Hours as PancakeSwap ‘Flippens’ Uniswap Volume
(Sirtravelalot/Shutterstock)

The exchange’s native token is up 45% and trading around $265.