Binance Coin (BNB) Has Bigger Market Cap Than All Other Exchange-Based Tokens Combined, But Its Liquidity Is Low

  • Alex Morris
    📊‍ Infographics

    ⚔️💪Binance Coin (BNB) is the only exchange-based token that can rival major cryptocurrencies🔀


Binance Coin (BNB) Has Bigger Market Cap Than All Other Exchange-Based Tokens Combined, But Its Liquidity Is Low
Contents

<>DataLight, the Blockchain startup that analyzes all types of crypto-related data, recently published a new study that specifically focuses on exchange-based tokens. The tokens were grouped according to their market capitalization, daily trading volume, liquidity, and Twitter hype.

👉MUST READ Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?
Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?

The most obvious leader

Binance Coin (BNB), the native token of the number one exchange by daily trading volume, greatly outperforms all other exchange-based tokens. With a market cap of $1.609 bln, it is easily bigger than all other coins from the same category combined (ABBC Coin (ABBC), its closest competitor, occupies only 40th place).

The liquidity problem

It is worth noting that the aforementioned ABBC coin takes the cake when it comes to liquidity (36.7 percent). For comparison, the liquidity of Binance Coin (BNB) stands at 6.5 percent, which is one of the worst results among the cryptocurrencies on the list.  

Meanwhile, DataLight revealed that Bitcoin (BTC) liquidity almost doubled since the beginning of 2019 Ethereum (ETH) liquidity also increased by 2.5 times.
 

Cover image via u.today
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