The trading activity of tokens within the BNB Chain ecosystem has been active in the past week, with many tokens recording high trading volumes and price movement. Some of the leaders are BNB, alongside other popular tokens, including CAKE, GALA, and TWT.
Leading the Pack: BNB Maintains Dominance
BNB dominates trading on the BNB Chain by a long shot, having turned over $2.96B in the last week. The trading volume has been impressive and is accompanied by a relatively stable increase of 2.2% in the BNB price over the previous week. At a market value of $83.8B, BNB is the most liquidated and impactful in this ecosystem.
DeFi Favorites and Gaming Giants: CAKE and GALA
Other very popular tokens are CAKE (PancakeSwap) and GALA. CAKE registered a weekly trading volume of $425M. Due to the DeFi integration element, CAKE, users can engage in liquidity pools and earn rewards. Nonetheless, the token shed -0.6% of its value over the past week.
With a trading volume of $334M, GALA rose by 10.9%. The market capitalization Of GALA is $757.9M, which clearly explains the importance of connecting gamers to the decentralized ecosystem.
Sports Tokens, Utility Assets, and Market Movers: SANTOS, TWT, G, and WIN
Santos FC football club fan tokens, aka SANTOS, were traded for a volume of $235M. SANTOS also recorded a massive 20.3% price rise in the last week. It has a market capitalization of $20.5M, underlining its small but relatively vibrant market.
Another significant market participant is the Trust Wallet Token (TWT), which reached a $123M trading volume and 3.8% price change. G (Genesis) has attracted significant attention; its trading volume reached $139M. While WIN has a trading volume of $95.6M, its price has improved by 2.9%.
Meme Coins, Market Makers, and Emerging Projects: MASK, OM, and BNX
The BNB Chain also contains a variety of meme tokens and other small Internet tokens such as MASK and OM. MASK reported a weekly trading volume of $226M, but unfortunately, the token fell by 1.8%.
OM and BNX attracted trader’s attention, with trading volumes of $173M and $167M, respectively. OM’s price increased by 7.5%, and BNX decreased by 0.4%.
Lesser-Known but Rising: PROS, HOOK, and LAZIO
PROS, with a trading volume of $117M a week, reported a surge in price by 51.8%. PROS has recently emerged for traders searching for outstandingly high-yield, high-risk investments. At the same time, HOOK and LAZIO displayed robust numbers in terms of weekly volumes, $116M and $112M, respectively. The price change of the HOOK token was 6.5%; meanwhile, LAZIO’s was 17.0%.
The Outliers: BEAM and TRUMP Tokens
The trading volume of BEAM is $89.2M but saw a decline of 0.7% in price in the last week. The TRUMP token increased by 34.1% over the week and attracted traders looking for a profitable pump-and-dump scheme. TRUMP’s weekly volume is $67.9M, meaning it had a smaller but actively involved user base.
Conclusion: A Diverse Market Landscape
The BNB Chain remains active and filled with tokens in trading, including DeFi, gaming, fan, and niche speculative tokens. The volume traded during the week and fluctuations in the prices of different coins show the diverse nature of the BNB chain. Thus, such activity guarantees the BNB Chain’s role in the crypto market and offers good prospects for trading and investing.
Source: https://blockchainreporter.net/exploring-the-top-traded-tokens-on-bnb-chain-this-week-gala-cake-twt-and-others/