Binance-backed BNB has outpaced the broader cryptocurrency rally, with a 28% increase in market capitalization over the past seven days, prompting questions from the community.
BNB, the native cryptocurrency of the BNB Chain — the layer-1 blockchain developed by Binance — has climbed to become the third-largest digital asset by market capitalization.
After breaking above $1,100 for the first time on Friday, BNB (BNB) achieved a new major milestone on Tuesday by overtaking Ripple-backed XRP (XRP) as the third-largest crypto asset by market cap.
At the time of publication, BNB traded at $1,326, up nearly 30% in the past seven days, with a market capitalization of $182 billion, according to CoinGecko data.
