1 August 2026
Binance Coin (BNB) Rises to All Time High With 40 Percent Surge.
Binance Coin (BNB)- the native token of the Binance blockchain launched as a utility token for trading on its exchange has skyrocketed a whopping 40% past 24 hours.
For the first time in history, Binance Coin has surged in price and pushed its market capitalization to $36 billion, which is more than the entire Tether supply. BNB also became the top-performing crypto assets of the day by hitting an all-time high of $250 during the Asian trading session.
Over the past seven days, BNB has surged 87%, which is nothing compared to 530% it has gained since the beginning of 2021. The token began its momentum on Feb. 18 and hasn't stopped climbing since then.
This gigantic move has shaken up the market cap tables and knocked XRP out of the top five for the very first time in 6 years. BNB also managed to flip Cardano, Polkadot, and Tether to settle right behind Ethereum on the third spot.
Changpeng Zhao- Binance CEO, commented that the BNB could flip Ethereum next, which drew the ire of the crypto community. Prominent crypto investor and industry observer 'DCinvestor' stated that such comments would positively influence newbie retail traders. In terms of market cap, Ethereum is ahead with $220 billion. For BNB to catch it, the coin should be priced at around $1,500.
However, it is believed that the BNB's momentum may be coming from its latest Launchpool announcement- a liquidity farm for DODO, which is a decentralized Chinese exchange that runs on the Binance Smart Chain.
From Today, Binance users will be able to deposit BNB, its stablecoin BUSD, and for the first time staked ETH, or BETH, into three farms to earn a million DODO tokens that will be distributed over the coming fortnight. Additionally, Binance has also offered compounded staking opportunities on an asset that has already been staked and locked on the Beacon Chain.
According to Coingecko, DODO prices have benefitted the price doubling and hitting an all-time high over the past 24 hours. Recently, Binance Smart Chain and its projects have gained traction as gas fees on Ethereum offer retail traders and DeFi newbies more practical and cost-effective alternatives.
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