500 percent growth: Binance Coin overtakes Cardano, Polkadot and Tether

The price rally of Binance Coin (BNB) has reached a new dimension: BNB has not only overtaken the top coins Polkadot (DOT) and Cardano, but also recently the Stable Coin Tether. Binance boss Changpeng “CZ” Zhao is now courting the Ethereum dApp developers. The market update.In the field of tension between CeFi and DeFi, Binance has created its own niche: With the Binance Smart Chain (BSC), the crypto exchange launched its own blockchain for smart contracts in September, which primarily targets the booming decentralized sector Aims financial services. So far, with resounding success: The price of Binance Coin (BNB), which has a central function in the smart chain that is comparable to Ethereum, literally exploded in February. At around 6:00 a.m. on February 19, BNB printed a fresh all-time high of $ 267.At the time of going to press, BNB is trading at a whopping 30-day plus of almost 500 percent at $ 256. The Binance Coin has not only overtaken Cardano (ADA) and Polkadot (DOT) in terms of market capitalization. Even Tether, the stable coin that dominates Bitcoin trading, has been knocked off its pedestal from BNB.The success can mainly be attributed to the DeFi sector, which is rapidly picking up speed at the BSC. And Ethereum is increasingly digging the water away.For example, Pancakeswap, a decentralized exchange (DEX) on BSC, has developed into a veritable competitor to Ethereum-DEX Uniswap. According to Dappradar, a data aggregator for decentralized applications (dApps), Pancakeswap and Uniswap are almost the same in terms of user numbers in a daily comparison. At the time of going to press, around 48,760 users had used Uniswap in the last 24 hours — a little more than one percent less than the day before. With PancakeSwap, the number of users increased by 10 percent to around 46,890…