{"id":54588,"date":"2021-02-12T09:01:46","date_gmt":"2021-02-12T09:01:46","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=54588"},"modified":"2021-02-12T09:01:46","modified_gmt":"2021-02-12T09:01:46","slug":"market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=54588","title":{"rendered":"Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance\u2019s BNB Token Surges 150%"},"content":{"rendered":"<p><img decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance's BNB Token Surges 150%\" loading=\"lazy\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-768x432.jpg 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-300x169.jpg 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-1024x576.jpg 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-696x392.jpg 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-1068x601.jpg 1068w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-747x420.jpg 747w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-190x107.jpg 190w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-380x214.jpg 380w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150-760x428.jpg 760w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/market-cap-of-exchange-issued-tokens-surpasses-43-billion-binances-bnb-token-surges-150.jpg 1280w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\"><\/p>\n<p><strong>Buoyed by bitcoin\u2019s recent spike, altcoins including exchange-issued tokens recently made significant gains, while several of these crypto-assets went on to set new all-time highs (ATH). According to Messari data, Binance is leading the pack in this category, after its token went up by more than 150% from $47 on February 1 to an ATH of $148 on February 10. Nevertheless, at the time of writing, the token had retreated and was trading at $123.<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-442372 size-full\" title=\"Binance's BNB Token Sets New All Time High After a 150% Surge in Price: Market Capitalization of Exchange Issued Tokens Surpasses $43B\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/bnb.png\" alt=\"Binance's BNB Token Sets New All Time High After a 150% Surge in Price: Market Capitalization of Exchange Issued Tokens Surpasses $43B\" width=\"1076\" height=\"394\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/bnb.png 1076w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/bnb-300x110.png 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/bnb-1024x375.png 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/bnb-768x281.png 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/bnb-696x255.png 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/bnb-1068x391.png 1068w\" sizes=\"auto, (max-width: 1076px) 100vw, 1076px\"><\/p>\n<h2>Centralized Exchange Tokens Lead the Way<\/h2>\n<p>As a result of this surge, the market capitalization of the <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BNB\" target=\"_blank\" rel=\"noopener\">BNB<\/a> token stood at just over $19 billion at the time of writing, while the crypto-asset has now moved up to number 6, as shown by <a href=\"https:\/\/messari.io\/\">Messari.io<\/a> top asset rankings. Also, <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BNB\" target=\"_blank\" rel=\"noopener\">BNB<\/a>\u2019s seven-day change of 116% is one of the highest by a centralized exchange.<\/p>\n<p>Meanwhile, also seeing similar growth action is Asian crypto platform Huobi whose token touched a new ATH of $13.95 on February 10. After starting the month at $6.54, the token was trading at $12.65 press time. As Messari data indicates, the HT token has grown by 170% in the past 30 days and this has resulted in its market capitalization growing to $2.47 billion.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-442373 size-full\" title=\"Binance's BNB Token Sets New All Time High After a 150% Surge in Price: Market Capitalization of Exchange Issued Tokens Surpasses $43B\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/exchange-assets.png\" alt=\"Binance's BNB Token Sets New All Time High After a 150% Surge in Price: Market Capitalization of Exchange Issued Tokens Surpasses $43B\" width=\"904\" height=\"396\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/exchange-assets.png 904w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/exchange-assets-300x131.png 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/exchange-assets-768x336.png 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/exchange-assets-696x305.png 696w\" sizes=\"auto, (max-width: 904px) 100vw, 904px\"><\/p>\n<p>Another Asia based centralized exchange to see its own token grow by more than 100% is FTX, a cryptocurrency derivatives platform. Having commenced trading at $11.16 on February 1, Messari data shows that this exchange\u2019s token went on to set a new ATH of $22.77 on February 10. Yet, at the time of writing, the token was trading at $21.11, which equates to a market capitalization of nearly $2 billion.<\/p>\n<p><!-- growjs zone placement 31 --> <ins> <ins class=\"growjs-placement\"><\/ins> <\/ins> <!-- end of growjs zone placement --> <\/p>\n<h2>Significant 30 Day Growth for Decentralized Exchange Tokens<\/h2>\n<p>Meanwhile, the Uniswap token, which has surged by 274% in the past 30 days, is the highest-ranked decentralized exchange asset with a market capitalization of just over $6 billion. While Uniswap\u2019s token did record its ATH of $22.21 on the same day, as the centralized exchange tokens above, its seven-day value change of 2.35% is still much lower than that of <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BNB\" target=\"_blank\" rel=\"noopener\">BNB<\/a>. Similarly, sushi, the next best performing decentralized exchange asset, had its own ATH of $16.30 on February 4 as well as a slightly higher seven-day change of 5.64%.<\/p>\n<p>In the meantime, the Messari data shows that the exchange assets had an average growth in value of 70% over a seven day period and over 200% in the past month. At the time of writing, the total market capitalization of the 54 exchange assets stood at $43.67 billion.<\/p>\n<p><em><strong>What are your thoughts on the recent performances of exchange tokens? You can share your views in the comments section below. <\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buoyed by bitcoin\u2019s recent spike, altcoins including exchange-issued tokens recently made significant gains, while several of these crypto-assets went on to set new all-time highs (ATH). According to Messari data, Binance is leading the pack in this category, after its token went up by more than 150% from $47 on February 1 to an ATH [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-54588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/54588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54588"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/54588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/54589"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}