Some of the more well-known and most popular NFT games like Alien Worlds and Axie Infinity run on the blockchain behind BNB. Another area where Binance's blockchain and token play a significant role is that of GameFi - or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum: The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.ĭeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021 partly due to traffic overload and high gas prices on Ethereum as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Check vital information to help with your. Conflux is +2. Get the latest Binance Coin USD (BNB-USD) cryptocurrency price, charts, news, analysis, and investment tools. CFX to USD price is updated in real-time. ![]() In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain or BSC (called BNB Chain since February 2022). The live price of Conflux is 0.171363 per (CFX / USD) with a current market cap of 593.11M USD. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. Find real-time live price with technical indicators to help you analyze XRP/USDT changes. Discover current price, trading volume, historical data, MATIC news. Trade XRP to USDT and other cryptocurrencies in the world’s largest cryptocurrency exchange. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH) - a cryptocurrency where BNB initially originated in 2017 before coming on its own years later.īNB's history: From reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin or BNB originally started as an extension of the trading platform - the most used cryptocurrency exchange in the world. - The live price of MATIC is 0.897055 with a market cap of 8.33B USD. BNB history Binance got its start in 2017, quickly launching an ICO in which it sold and allocated BNB tokens. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. The BNB price chart above shows the BNB coin price history. dollars - a value that very different to the all-time high of 600 U.S. ![]() In December 13, 2023, for example, a single BNB coin was worth more than 254.95 U.S. The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022.
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