Cryptocurrency

BNB rallies 39% despite smart contract deposits dropping 28% — Should investors be worried?


BNB rallies 39% despite smart contract deposits dropping 28% — Should investors be worried?

Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period.

BNB token’s year-to-date performance remains negative by 43%, but the current $49.5 billion market capitalization ranks it the third largest, excluding stablecoins. Furthermore, the leading decentralized application (DApp) is PancakeSwap — 843,630 active addresses in the past seven days — which runs on BNB Chain.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

15 − 2 =

Back to top button