Projects across the BNB Chain ecosystem experienced a significant rise in activity, token prices, and trading volume with the BNB token reaching an all-time high of over $710. The surge was influenced by token burns, a substantial user base in the Eastern world, and technical capabilities supporting the development of cost-effective projects.
"BNB's price is benefiting from years of token burns and token lock initiatives for their launchpad program," noted Nick Ruck, head of growth at BitU. "BNB protocols have also intensified campaigns due to lower gas fees, attracting a robust and enthusiastic user base."
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