TokenInsight February Report: BGB's market capitalization increased by 434%, making it the second largest platform token by trading volume

According to ChainCatcher news and data from Tokeninsight, after November 2023, as market trading enthusiasm increased, the market capitalization of platform tokens saw a significant rise, with BGB and MX experiencing the largest increases of 434% and 248%, respectively. The market capitalization of BNB also rebounded to near its peak from mid-last year.

In 2024, BGB continued last year's upward trend, breaking its ATH price and rising above $1 for the first time on February 17. The daily trading volume of BGB subsequently rose to over $50 million. The highest daily trading volume occurred on February 18, reaching $83 million. The trading volume share of BGB shows a clear upward trend, making it the second-largest platform token by trading volume. In terms of IEO, the Bitget platform covers more popular tracks in the crypto market, with an average ATH ROI of 23.1 times.