In this article, we looked at the native tokens of the most popular centralized crypto exchanges to discover which token performance vs USD in the first quarter of 2021.
The exchange tokens we considered were Binance Coin (BNB), FTX Token (FTT), Huobi Token (HT), LEO Token (LEO), and OKB (OKB).
According to data by CryptoCompare, between 1 January 2021 and 31 March 2021, here is how these five tokens have performed:
- $BNB: from $37.37 to $302.07 for a gain of 709.18%
- $FTT: from $5.76 to $39.89 for a gain of 592.53%
- $HT: from $4.36 to $15.58 for a gain of 257.32%
- $LEO: from $1.39 to $2.03 for a gain of 46.04%
- $OKB: from $7.77 to $16.94 for a gain of 118.02%
As you can see the top three performers were $BNB, $FTT, and $HT.
BNB “powers the Binance ecosystem and is the native asset of the Binance Chain.” It is also “BNB is also powering the Binance Smart Chain, which is an EVM-compatible network.”
Perhaps, it is not surprising to see BNB perform so well so far in 2021 since the popularity of the Ethereum ecosystem has resulted in heavy congestion on that network and very high transaction fees, which has driven many users to faster and cheaper L1 blockchains, such as Binance Smart Chain (BSC).
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.