Exchange-linked cryptocurrencies BNB and LEO are showcasing significant resilience in the market, exhibiting minimal drawdowns from their all-time highs compared to competing exchange tokens.
BNB currently trades approximately 6% below its peak value of $861, demonstrating strong performance despite broader market fluctuations. Its dominance is further solidified by commanding 81% of the total exchange token market capitalization, which stands at $105 billion.
LEO, the token issued by Bitfinex, ranks as the second most valuable exchange token. It remains within 10% of its all-time high, a stark contrast to the performance of other prominent exchange tokens such as CRO and KCS, which are currently down 40-60% from their peak valuations.
This year, BNB has posted a 12% gain, outperforming many other assets within the exchange token category. The relative stability and minimal retracement of both BNB and LEO underscore their dominant positions and perceived strength within the volatile cryptocurrency exchange landscape.