BNB eyes new year-to-date highs as BNB Chain DApp activity increases and a new Binance incentive program launches.
BNB (BNB), the native token of BNB Chain, began a recovery on Jan. 26, rising by 3% to reclaim the $300 level. Although BNB remains weak, the ongoing recovery is backed by increasing network activity.
A significant portion of the BNB token’s value comes from reduced trading fees and exclusive launchpad offers and services from Binance.
A recently launched “dual investment” product from Binance could add to BNB’s volumes, which have exceeded $998 million over the last 24 hours.