DeFi adoption on the Binance Smart Chain reaches new highs
Decentralized finance protocols on the Binance Smart Chain saw their token prices and total value locked rise toward new highs after a series of protocol upgrades and cross-chain integrations. Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network continue to deal with wild fluctuations in gas fees and transaction times,....
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Here at Bicoinist, we’re covering the Binance Smart Chain’s growth as it happens. They might be the world’s biggest cryptocurrency exchange, but we’re still in awe of what Binance built seemingly overnight. And about the contributions they’ve made to the DeFi space in such a short period of time. But, can the Binance Smart Chain […]
The runaway success of Binance Smart Chain has helped propel the exchange’s utility token to the top of the crypto market top ten, and has attracted some of the industry’s top projects to the chain already. The latest project to expand to Binance Smart Chain is leading DeFi protocol EasyFi. Here’s how this latest move […]
Binance Coin passes Tether to become the third-largest crypto by market cap as daily transactions on Binance Smart Chain surpass Ethereum. Binance Coin (BNB) has been on an absolute tear in the month of February. It traded at $48.93 on Feb. 1 and grew to trade at $304 at the time of publication, amounting to a 521% month-to-date gain and 707% year-to-date gain.This price rally has led BNB to become the third-largest cryptocurrency, with a $46.5 billion market capitalization. BNB achieved its all-time high of $342.88 on Feb. 19. This price rally and leap in market capitalization could be....
A preconfigured Binance Smart Chain wallet will soon be added to the Brave browser. The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain wallet, according to a recent announcement, opening up the browser’s users to BSC’s ecosystem of DeFi products.Although Brave can already be configured to jump onto Binance Smart Chain manually, the addition of a preconfigured wallet is expected to simplify the process, requiring no special apps, wallets or additional tinkering.In the meantime, the token at the center of the Brave browser, Basic Attention Token (BAT),....
BNBMatrix.io is a yield farming Dapp on BSC. The goal is to make the most of the Binance Smart Chain without having to spend too much time and/or resources. The Binance Smart Chain (BSC) has seen an increase in the activity on its blockchain from token swaps, dApps to NFTs, and decentralized money markets. One of the best features of the BSC is that it offers cross-chain atomic swaps with gas fees that are almost 20 times lower than other chains. Its Proof-of-stake Authority (PoSA) consensus allows for it to be a high-speed infrastructure, helpful for DeFi apps. This makes it suitable for....