Key Takeaways

• What is BNB?
  • BNB is the native token on the BNB Chain ecosystem, and was created by Binance in 2017
• Token Utility
  • Superior token utility in comparison to other CEX tokens, including highly profitable launchpad opportunities.
  • Decent value accrual which feature a token burn mechanism similar to Ethereum’s
• Comparing BNB to its incumbents
  • BNB outperforms in terms of utility due to Binance's extensive ecosystem and superior perks. (e.g. Higher fee discounts and rebates, Binance’s highly profitable Launchpad)
• On-chain Data Observations
  • Investors likely taking profit on BNB’s rally in recent weeks.
  • Resilient price performance despite declining chain activity. Prices...