BNB rise to the top have been an absolute success, a success that looks like it is just getting started with more space at the top.
BNB's current position as the third largest coin by market capitalization is worth taking a note of
With a market cap of 92 billion just three times shy of Ethereum's 252 billion reflects some possibilities that might have BNB displacing Ethereum for second spot.
Creating demand for BNB to access Binance Smart Chain have been the genius side to BNB's rise as ETH gas fees continues to rise, most have been limited to accessing DeFi applications.
Basic BNB thrives as cheaper paying coin compare to Ethereum.
DeFi's growth have been a catalyst to the rise of BNB with chains tapping into BSC's ecosystem to provide DeFi access to its users, resulting in demand for BNB for transactions.
Significantly ETH's growth can't be over looked, ATHs is being set and broken, upgrades are being rolled out with the latest Berlin scheduled for April 14th.
The position long held by Ethereum is under threat BNB is edging closer by the day as the coin keeps surging with a current trade at $592 and ETH at $2146, I think three months or less from now BNB's market cap will be half that of ETH.
As long as BNB's gas fees remains cheaper than ETH's second spot market cap is up for grabs for BNB.
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