BNB’s push over $ 1,100 has displaced attention to the BNB chain’s original names, where investors rotate to protocols that catch fees and activity on the chain.
The activity on the network has risen partially because of Binance founder Changpen Zhao’s recent endorsements of BNB chain projects, which brings new-found attention to the fifth ranked token at market value.
Crypto market participants often tend to assign an ecosystem when the base asset climbs higher, with liquidity that tends to remain in this sector. Protocols that charge fees and route orders tend to move first, followed by Memecoins and then lesser -known basic spectacles.
Pancake cake swap cake burst almost 30% over the past 24 hours, a step that usually coincides with deeper liquidity of core basins and tighter spreads over larger pairs.
Newer token’s prisoners also bid: Aster rose approx. 18%, which reflects the search for higher beta exposure when BNB moves on.
In contrast, Meme-tokens like Floki and Simon’s Cat (CAT) has not yet meaningfully reacted, suggesting that dealers prioritize utility and cash flow stories before emotion-driven Meme efforts.
BNB regained $ 1,100 area after several attempts and kept the level through the US Hours, a sign that the spot -demand rather than leverage is driving the speed.
Meanwhile, BNB-bound futures got over $ 97 million in liquidation in the last day, Coinglass data shows, only for Ether bound efforts.
However, the total value of locked assets on the BNB chain ecosystem increased a small 2% over the last day despite the market development of the BNB sign that dealers have not yet awarded long-term financial games on the network beyond the token.
E.g. Pockets pandakeswap just over $ 1.3 million in commercial fees over the last 24 hours, well below an average of over $ 5 million in July, data shows.
