![]() ![]() This price rise has been called the “Binance Effect”, with a 41% increase for newly listed tokens. ![]() That’s at the cutting edge of blockchain when it comes to speed and efficiency, though still only a test network. Sui’s aim is smart contract scalability, with an impressive 120,000 transactions per second on its test network. Sui, meanwhile, increased by 1,840% shortly after it launched on Binance. This ecosystem focuses on gaming and is owned by Dapper Labs (the same company that developed Crypto Kitties, a wildly popular Ethereum game). Tokens Often Rise Soon After Binance Listingsįlow Token rose in price by 61% hours after a Binance listing announcement. Ultimately, this means that tokens can often rise in price when their Binance listings are announced. This is because Binance is the world’s largest exchange by trade volume, peaking at $76 billion in a 24-hour period during August 2022, and has an extremely rigorous vetting process.
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