BinanceCoin, the digital currency of Binance Exchange, ranked third in the digital currency market

BinanceCoin, the digital currency of Binance Exchange, reached the third rank of the digital currency market, the price of BinanceCoin (BNB) has become the third best currency in the digital currency market after crossing the border of Tetra and Polkadot. BinanceCoin is currently valued at $ 46 billion.

According to “The Block”, on Friday morning, BinanceCoin was able to cross the market value of Tetra and Polkadot and be in the third place in the digital currency market. In the meantime, the interesting thing is that 20 days ago, this digital currency was in the tenth place.

After the BNB price reached $ 230, its market value increased sharply. The price of Binance Coin has increased almost 6 times in the last few weeks.

Binance has reportedly been working since September on features that can be used in decentralized finance (DeFi). John Dantoni, a leading analyst, said:

While studies show that China Binance is more decentralized than the Atrium network, it has been able to generate good demand for its services by using high fees.