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

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

By Sebastian Sinclair

Feb 19, 2021 at 6:16 a.m. UTC

Updated Sep 14, 2021 at 12:13 p.m. UTC

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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.

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