$BNB dominates the exchange token segment

Binance Coin (BNB) reached its all-time high at the end of July. Although the price of BNB has slightly decreased from this level, at the time of writing, it is still trading at $811.

This has raised the market capitalization of BNB to $114.36 billion, allowing it to surpass Nike and MicroStrategy.

Due to this growth, BNB dominates the exchange token segment, occupying 81% of the total market capitalization of all exchange tokens. This highlights the strength of the Binance brand and the attractiveness of the BNB Chain ecosystem in DeFi, NFTs, and RWAs.

Additionally, BNB is attracting the attention of institutional investors who want to create strategic reserves. Recently, BNC, listed on Nasdaq (formerly Vape), invested $160 million in the purchase of 200,000 BNB, becoming the largest institutional holder of BNB in the world.$PROVE $NOT