The impulse of BNB above $ 1,100 has changed attention to the native names of the BNB chain, with investors turning in protocols that capture rates and activity in the chain.
The network activity has increased in part due to the recent support of the founder of Binance Changpeng Zhao of the BNB chain projects, which provide new attention to the token of the fifth classified by market capitalization.
The participants of the cryptographic market often tend to be assigned to an ecosystem when the base asset rises higher, with liquidity that tends to remain within that sector. The protocols that collect rates and route orders tend to move first, followed by memecoins and then less known fundamental works.
The Pancakokeap cake jumped almost 30% in the last 24 hours, a movement that generally coincides with a deeper liquidity in the nucleus pools and the most adjusted differentials in the main peers.
The newest tokens are also catching offers: Aster increased approximately 18%, reflecting the search for greater beta exposure as BNB progresses.
On the contrary, the tokens of memes such as Flowi and Simon’s Cat (CAT) have not yet responded significantly, which suggests that merchants are prioritizing public services and cash flow narratives before the bets of memes based on feelings.
BNB recovered the $ 1,100 area after multiple attempts and maintained the level through the US hours, a sign that the spot demand instead of leverage is promoting the move.
Meanwhile, futures tied to BNB accumulated more than $ 97 million in liquidations in the last 24 hours, according to caramel data, only surpassed by bets linked to the ether.
However, the total value of the assets blocked in the BNB chain ecosystem increased a small 2% in the last 24 hours despite the increase in the BNB market, a sign that merchants have not yet assigned to long -term financial plays in the network beyond the Token.
For example, Pancakakeswap pocketed just over $ 1.3 million in negotiation rates in the last 24 hours, well below an average of more than $ 5 million in July, according to the data.
