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Binance Coin (BNB) has undoubtedly been one of the best performing altcoins over the past month, now up 53.7% after rallying to an all-time high in Bitcoin (BTC) value.

BNB’s performance has ultimately helped boost the AltDex Exchange Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, more than 32% in the past month, significantly outperforming the overall crypto market.

AltDex Exchange Index

While most other major exchange tokens have traded flat to positive over the past month, KuCoin Shares (KCS), the token associated with the Singapore-based crypto exchange, has fallen more than 27%, bringing its 1-year decline to 94%.

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