BinaryX Soars 200% in One Month: What’s Driving the Surge?

• BinaryX (BNX) has surged over 200% in one month, reaching its 52-week peak of $181.35 on Feb. 13.
• BinaryX is a GameFi platform that operates two play-to-earn games and serves as the platform token for all activities in the BinaryX ecosystem.
• This surge can be attributed to the increase in user growth and the announcement of plans to expand its range of games and split its BNX token in a dramatic 1:100 ratio.

What is BinaryX?

BinaryX is a GameFi platform that operates two play-to-earn games, CyberDragon and CyberChess, both of which run on the BNB chain. As per data from DappRadar, BNX ranks as the 13th largest decentralized app (dapp) on the BNB chain, with over $1 billion locked in smart contracts as of Feb. 17. This marks a 30% increase in one month. The BinaryX platform initially served as a decentralized derivative trading protocol, but the system has since evolved to accommodate the advancements in the GameFi sector. BNX functions as the platform token of BinaryX and serves as a utility token for all activities in the BinaryX ecosystem, including games and the incubation fund.

Why is BNX Rising?

In their year-end report, BinaryX reported a significant increase in user growth, going from 98,000 to 130,000 players. This was met with positive market sentiment, as their BNX token continued to thrive with the growing number of users. However, this excitement didn’t stop there –BinaryX announced plans to expand its range of games and split its BN