The BNB Chain ecosystem recorded a notable surge in activity, token values, and trading volumes. The BNB Chain tokens saw a 124% increase in trading volume in the past 24 hours. FLOKI led the way with 25% gains, while CAKE had a 15% increase. The BNB token hit a record price above $710. The rise is due to multiple factors such as the token burning, the large user base, and the technical features that facilitate the creation of low-cost projects. The popularity of Binance Launchpool, which requires users to own and stake BNB to participate in new token offerings on Binance, has also contributed to BNB’s surge.

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