BNB

Floki’s Listing on Binance.US Drives More Adoption in the DeFi Space

by BSC News

April 25, 2023

Floki’s listing on Binance.US sparked a lot of momentum, becoming the leading memecoin in terms of social interactions and market activity in the last 24 hours.

Trending Memecoin in the Industry

On Monday, April 24, Floki recorded one of its most significant achievements yet in the Decentralized Finance (DeFi) space. The MemeFi platform bagged a listing on Binance.US, the world’s most widely used and recognized crypto exchange for U.S citizens.

Following the notable milestone, the platform became the talk of the crypto space, particularly on Twitter. The news also affected the asset’s global adoption, leading the memecoin industry by a mile in terms of trading volume and interaction. According to CoinMarketCap (CMC) data, $FLOKI became the 18th most traded crypto asset in the world while not listed on Coinbase on Binance.

Binance.US listing sparked a lot of momentum for the memecoin. From CMC data, the asset was among the top three most traded cryptocurrencies on industry-leading exchanges, OKX, Gate, and Kucoin. Further, $FLOKI is currently the leading cryptocurrency in the world based on AltRank, according to Lunarcrush, the leading crypto social intelligence platform.

AltRank is LunarCrush's proprietary algorithm that ranks a crypto's popularity based on social and market activity. This data places the protocol’s social and market activity above other memecoins in the industry, including the flagship assets, Bitcoin and Ethereum.

FLOKI/USDT trading on Binance.US went live on April 25 at 12:00 UTC. The token is currently up by 6.05% in the last 24 hours after surging to almost 35% following the listing rumors. The rumor is now a reality, and the protocol will keep pushing for another listing on Binance. In the meantime, congratulations to the team for the notable milestone, as it would further improve its legitimacy in the blockchain industry.

What is Floki:

Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the market's third most popular meme token, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.