Binance Coin (BNB), the native token of Binance exchange, which also powers the Binance Smart Chain, has soared to a new peak. BSC is Ethereum's major rival by DeFi projects at the moment, with fees much lower than what ETH offers.
At press time, BNB is changing hands at $618, and it keeps going up.
Since the beginning of 2021, the coin has surged a whopping 1,500 percent. By now, its market capitalization has reached $95,463,278,717.
If this mind-blowing growth rate continues, BNB has good chances of overtaking Ethereum by market cap and pushing it from the second spot on CoinMarketCap.
When Binance conducted its ICO back in 2017, BNB was going at something around $1.
By now, Binance has surged to $632 on the Binance exchange. The rally has been growing at the speed of light as BNB broke above the $400 level on only April 6—less than a week ago.