Although the crypto market has had a disappointing performance in recent months, Binance has been able to stand out, proving that its successful business model can be seen as an inspiration for other projects.
According to data from Coinlib, BNB -Binance’s native crypto- has had an exceptional performance, starting the year at14th place in the global marketcap and climbing up to the top 10 at the beginning of February. Since then, it fought hard to maintain its position, until it was able to rise to 9th place on March 1st (surpassing TRON TRX) and just one day later, it conquered 8th place by displacing Stellar (XLM) from its position.
Another chart shows that since the beginning of the year, BNB has been the best performance crypto among the three compared tokens, with a performance of +92%, Tron accounts a 21% while Stellar has experienced a decline of 23%.
BNB’s exceptional performance over the last few days seems to be linked to the stimulus in trading resulting from the launch of the Binance Decentralized Exchange….