Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses

Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana

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CEX Platform Tokens And Solana Project Tokens See Significant Gains

In the world of cryptocurrency, both centralized exchange (CEX) platform tokens and tokens associated with the Solana project have experienced notable gains in recent trading sessions.  Binance Coin (BNB) surged past the $630 mark, registering a remarkable 24-hour increase of 15.64%, while OKB recorded a 24-hour gain of 9.5%. Solana (SOL) also saw a notable uptick, rising by 11.66% in the span of just 24 hours.  CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a 24-hour increase of 15.64%, and OKB had a 24-hour increase of 9.5%. SOL rose 11.66% in 24 hours,

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BNB Chain Launches Rollup-as-a-Service to Bolster L2 Blockchain Development

BNB Chain Launches Rollup-as-a-Service to Bolster L2 Blockchain DevelopmentOn Thursday, the team behind BNB Chain introduced a novel Rollup-as-a-Service (RaaS) offering for the development of layer two blockchains (L2s) atop the BNB Chain. The team detailed that the service equips sizable decentralized applications (dapps), enterprises, and the BNB Chain with the essential technological framework required for launching specific L2s on BNB Smart Chain […]

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Binance Completes 26th Quarterly BNB Token Burn, Removing $636M Worth

Binance Chain has successfully executed its 26th quarterly BNB token burn, as officially announced by the BNB Foundation.  In this latest burn, a total of 2,141,487.27 BNB were eliminated, equivalent to approximately $636 million in market value, according to statements released by Binance. BNB serves as the native cryptocurrency within the BNB Chain ecosystem, powering various components such as the opBNB L2s, BNB Greenfield blockchain, BNB Smart Chain, and BNB Beacon Chain.  Holders leverage BNB not only as a means of transactional value but also as a governance token for engaging with projects developed on these chains. According to Binance’s

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$BNB Takes the Lead In New Addresses Across Popular Blockchains

Following a significant surge in recent weeks, investors are optimistic about the continued bullish momentum of Binance Coin (BNB). Reports from coin98 analytics indicate that the BNB chain stands out, boasting the highest number of total addresses created among popular blockchains, reaching 413 million with an impressive growth rate of 74%. Polygon’s native cryptocurrency, MATIC, has also experienced a notable breakout above $1 during the current upward movement in prices. Notably, with a market valuation of $9.61 billion and a price of $1.006, MATIC has seen a 2% increase at the time of this report. Total unique addresses on popular

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