BNB, or Binance Coin, continues to gain popularity in the crypto market. Its market capitalization has reached 112.85 billion USD, enabling it to rank highly among global assets.
BNB's Records in the Crypto Market
Over the past week, BNB grew by 7.72%, achieving a valuation of 112.85 billion USD. This places the altcoin at 191st in the global asset rankings, surpassing companies like DBS Bank and MicroStrategy. Since crossing the 119 billion USD mark, BNB has also overtaken Nike.
Markets are closely watching these developments. Founder of Binance, Changpeng Zhao, publicly expressed gratitude to the many players who contribute to the BNB ecosystem's growth.
Growing Interest in BNB as an Institutional Asset
BNB is no longer just a utility token; it has become a strength indicator in the crypto world. On July 25, Windtree Therapeutics announced a 520 million USD plan to build one of the largest reserves of BNB, indicating that companies outside the crypto ecosystem now view this altcoin as a strategic asset. When publicly traded companies begin to purchase tokens for their treasury, it signals that the asset is no longer just a speculative bet.
Conclusion and BNB's Prospects
Key facts regarding BNB include: * 112.85 billion USD: market capitalization reached in early August; * 191st rank among global assets; * 64% of circulating supply controlled by CZ; * 5.06 billion USD DEX volume on BNB Chain, surpassing Ethereum.
BNB's dominance in the market reflects growing confidence supported by network solidity and the vision of its founder, making it a significant asset for investors.
Thus, BNB continues to strengthen its position as an institutional asset, reflecting trends between traditional finance and blockchain innovations.
