A recap of the BNB bullish performance as it outperforms its peers, and a look at BSC's performance as it announces new projects.
BNB is one of the top gainers this week as it extends its bullish run. Is a new all-time high on the horizon?Binance Coin
Like most cryptocurrencies, it tanked at the start of the month, but its press time price level indicated that it had recovered to pre-crash levels.Most top cryptocurrencies are currently trading at significant discounts from their ATHs. BNB is only a 23% gain a way from achieving a new ATH.Part of the reason for BNB’s performance is robust demand for BNB is its DeFi ecosystem. Speaking of, the Binance Smart chain is expanding through new projects.
BSC’s TVL peaked above $22 billion at the height of the 2021 rally. Just like most top blockchain networks, its TVL embarked on a ruthless downturn during the subsequent crypto winter.The Binance Smart chain’s TVL has since recovered to $4.39 billion as at press time. A significant recovery but still way below its previous high. BSC’s on-chain volume also demonstrated a similar observation.
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