BNB Gains from Exchange Volume While Lightchain AI Gains from Community-Backed Growth Strategies
A beneficiary of it’s own ecosystem (Binance itself) and high trading volume, Binance Coin (BNB) gains big. BNB is a token that is distributed on the Binance exchange, which is the world’s largest cryptocurrency exchange measured by trade volume, and that provides holders with a 25% reduction on spot trading fees (25% discount using BNB for Spot trading), and 10% reduction on futures trading fees (10% discount using BNB for Futures trading). This facility fosters mainstream use, increases liquidity and strengthens BNB’s value.
BNB is so much more than just a way to lower the cost of trading fees – it is the home currency to the Binance Smart Chain (BSC), which supports smart contracts and decentralized applications (dApps). There has been a 133% increase in decentralized exchange (DEX) volume on the BNB Chain to $62 billion, due to more DeFi activity and user flow. This kind of growth demonstrates the growth of BNB’s utility and adoption.
And Binance also features BNB’s quarterly token burn system which would help reduce BNB’s total supply making it rarer and possibly more valuable in the future. Together, these things strengthen BNB’s role in the realm of crypto, an important asset in the Binance ecosystem.
