Recently, I conducted an in-depth analysis of the platform tokens of major centralized exchanges (CEX) and discovered some interesting market patterns.

First of all, it is undeniable that Binance's BNB token dominates this field. Its all-time high (ATH) reached 1200 dollars, while its fully diluted valuation (FDV) is an astonishing 170 billion dollars, far ahead of its competitors.

Following closely is Bitfinex's LEO token, currently priced at $9.65, with an FDV of approximately $8.9 billion. The third place is taken by Mantle Network's MNT, priced at $2.27, with an FDV of $7.33 billion.

Next is the CRO token of Crypto.com, currently priced at 0.2 USD, with an FDV of 7.3 billion USD. The OKB token of OKX ranks fifth, priced at 222 USD, with an FDV of 4.67 billion USD. In sixth place is the BGB token of Bitget, priced at 5.59 USD, with an FDV of 3.9 billion USD.

From this data, we can clearly see that BNB has a significant market capitalization advantage, far ahead of other platform tokens. It is worth noting that OKB would need to double its market capitalization to reach the level of MNT.

This market capitalization gap reflects the position and influence of different exchanges in the market. However, the cryptocurrency market is constantly changing, and this pattern may also change in the future. When investors pay attention to these platform tokens, they should consider not only the market capitalization but also various factors such as the exchange's user base, innovation capabilities, and regulatory compliance.

With the development of decentralized finance (DeFi), how these Centralized Exchanges' Platform Tokens will respond to challenges and maintain their value is also a question worth paying attention to. In the future, we may see more innovations and competition driving the overall development of the cryptocurrency ecosystem.