BNB Surpasses $1100, Triggering Surge in BNB Chain Assets, CAKE Jumps 40%

The cryptocurrency BNB surpassed $1100 on the 3rd, leading to a renewed interest in the native protocols of the BNB Chain. Accompanying the rise of BNB, which ranks fifth in market capitalization, there has been a spike in network activity.

Recent supportive statements by Binance founder Changpeng Zhao (CZ) have also facilitated capital inflows into related assets. CAKE, the token of PancakeSwap, the largest DEX on the BNB Chain, surged approximately 40% compared to the previous day.

There is also renewed buying interest in emerging tokens, with the decentralized perpetual futures exchange Aster's ASTER token experiencing significant...