BNB, the native coin of the Binance platform, has become the mainstream cryptocurrency to surpass the previous bull market high after Bitcoin. It reached a new high of $716 before the deadline, with a surge of over 12% in the past 24 hours. At the same time, its market capitalization has exceeded $100 billion, approaching the market value of Sony, one of the world’s largest electronic product manufacturers ($105.03 billion).
With Bitcoin once again surpassing $71,000, the most outstanding performance among the top ten cryptocurrencies by market capitalization is BNB, the native coin of the world’s largest exchange, Binance. According to data from Binance spot market, BNB has been rising since 6 pm last night, and officially surpassed the previous bull market high of $691 at around 8:45 pm. It is the second mainstream coin to reach a new high after Bitcoin. It reached a peak of $716 before the deadline and is currently priced at $707.3, with a 12.06% increase in the past 24 hours.
With BNB reaching a new high, its market capitalization has officially exceeded $100 billion, reaching $104 billion, firmly sitting in the fourth place among the largest cryptocurrencies by market capitalization, surpassing SOL with a market value of $79.3 billion and approaching USDT with a market value of $112 billion. According to real-time data from 8MarketCap, BNB’s market capitalization is close to that of Sony, one of the world’s largest electronic product manufacturers ($105.03 billion), and has surpassed Air Liquide, one of the largest industrial gas suppliers, and EssilorLuxottica, a leading global eyewear manufacturer and eyeglass lens maker, with market values of $103.76 billion and $103.23 billion respectively. This makes BNB the 163rd largest asset in the world.
On the other hand, Binance still dominates the market. According to data from The Block, its market share in the spot trading market reached 44.17% in May, significantly ahead of Bybit with 9.64% and OKX with 6.95%.
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