BNB Breakout Over $1.1K Leaves Bitcoin, Dogecoin Behind, With Ecosystem Tokens in Focus

BNB's price surge past $1,100 has directed investor interest towards BNB Chain's native protocols, enhancing network activity. Key endorsements from Binance founder Changpeng Zhao have spotlighted BNB Chain projects, boosting its market capitalization rank. Despite the rise, the total value of locked assets in its ecosystem saw only a slight increase, indicating a lack of strong long-term trader commitment. Activity on the network has increased due to rising liquidity in key protocols like PancakeSwap, which saw its CAKE token jump nearly 30% within 24 hours. Newer tokens like ASTER also gained traction with an 18% rise, reflecting a demand for higher-risk assets as BNB's value climbs. However, traditional meme tokens like FLOKI and CAT lag behind, showing that traders are currently more focused on utility and cash-flow potential rather than sentiment-driven bets. Moreover, with over $97 million in BNB-linked futures liquidations, it's clear that spot demand is driving this upward movement, rather than excessive leverage in the market.

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