Despite Bitcoin’s failed attempts to hit new highs, exchange tokens for Binance and FTX exchanges are rallying higher than expected as they set new heights.
The Binance token ($BNB) and the FTX token ($FTT) are the latest exchange tokens to see new highs amid the 2021 DeFi fever.
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SEE ALSO: Total Value Locked in DeFi Doubles to $50 Billion in Just 3 Months
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Below are some of the coins on both centralized and decentralized exchanges experiencing new all-time highs:
- Binance Token ($BNB) – Fueling the Binance Smart Chain (BSC)
- FTX Token ($FTT) – Fueling the FTX exchange, the most liquid crypto exchange
- Solana ($SOL) – Fueling the Solana DEX
- PanCakeSwap ($SWAP) – The leading DEX on BSC
As can be seen above, the rise in DeFi and DeFi platforms is driving these exchange tokens to new levels not previously seen.
DeFi locked assets recently hit a new high of above $50 billion showing a growing demand for DeFi products and this trend is expected to continue.
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RECOMMENDED READING: The Total Crypto Market Cap Breaks the $2 Trillion Mark After Doubling in Just 3 Months
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