Cryptocurrency markets have rebounded from final week’s plunge, with Bitcoin and Ethereum regaining $70,000 and $3,600 respectively.
As competitors between the Ethereum and Solana communities intensifies, BNB Chain quietly beats each by way of transaction quantity.
On March 24, the day by day buying and selling quantity of BNB Chain, the first-layer blockchain supported by Binance, exceeded $2.2 billion, accounting for greater than 1 / 4 of the whole buying and selling quantity of decentralized exchanges tracked by Dellama.
This places it forward of Ethereum and Solana, that are vying for the highest spot within the Memecoin craze for the primary time since Might 2023.
Lengthy-established decentralized alternate PancakeSwap continues to dominate buying and selling exercise on the BNB chain, processing greater than $1.3 billion value of transactions in its V2 and V3 iterations previously 24 hours.
Prime tokens embody the USDT stablecoin, BNB, the community’s native token VENOM, the not too long ago launched Layer 1, and a memecoin known as Cat in a Canine’s World (MEW).
BNB’s market capitalization has greater than doubled since Binance agreed to a multibillion-dollar settlement with the SEC in November, with buying and selling exercise growing since then.
Bitcoin recovers $70,000
Cryptocurrency markets continued final week’s constructive momentum, with Bitcoin hitting an intraday excessive of $71,420. The world’s Most worthy cryptocurrency has gained 8% previously seven days.
In the meantime, Ethereum briefly topped $3,600 for the primary time since March 18 and is presently altering arms at $3,580.
Prime movers in the present day embody Layer 1 blockchains Aptos (APT) and Web Laptop (ICP), that are up 15%, and Solana-based memecoin DogWifHat, which is surging 16%.
