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Launched by Changpeng Zhao in 2017, BNB transitioned from the Ethereum blockchain to Binance’s own BNB Chain.

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Regular coin burns and expanding real-world applications make BNB a key player in the blockchain world.As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko.

blockchain in trade finance ✌️【365vc.net】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.The rally was likely to do with the surging popularity ofdecentralized applications(dapps), includingdecentralized finance(DeFi), on the Binance Smart Chain.

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It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain.

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In addition to its core centralized exchange, Binance has also built adecentralized exchangeon the BNB Chain.BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization.blockchain in trade finance Best Investment Funds for High Returns