This Defi token is up 27% after the listing on Binance

Both Bitcoin and Ethereum have stalled, but it looks like altcoins have exploded again. A host of digital assets in the top 100 have grown dozens of percent in the past 24 hours, with some digital assets even doubling.

Source: Coinmarketcap

One such digital asset that outperforms the market leaders is BZRX, the native token of bZx Protocol. It has risen 27% in the last 24 hours, surpassing $ 1 for the first time. BZRX, based on Ethereum, is trading at $ 1.19 at the time of this writing.

Source: TradingView

The reason behind the 24-hour double-digit gain for this Defi token is its listing on Binance. Binance has been quick to step up its listing process in recent weeks as it is a bull market. It is estimated that about two dozen coins have been listed just in the past month.

Currencies listed by notable exchanges like Binance and Coinbase often lead to a recovery in their price since these exchanges are often the first source of real liquidity for these coins. And BZRX is no exception.

You can see the BZRX price here.

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