Love it or Hate it, #Binance is a Crypto Powerhouse! ๐ช๐
We all know Binance is a giant in the crypto world, but love it or hate it, you can't deny their impact. They've been the #1 exchange for 7 years now, ๐ช๐serving tons of users (over 200 million!). ๐ฅ
Sure, they get some flack for unresponsive or listing not-so-great tokens ๐, but hey, even FTX went down! Through it all, Binance has stayed strong. So, how's their $BNB Chain doing? Let's break it down: ๐ป๐๐
๐ Profits: While income wasn't as high as Q1, things are still looking good. ๐
๐ Market Cap Surging: The total value locked in BNB Chain (MCap) is way up, growing over 50% compared to last quarter and a whopping 95% YoY! There are also way more people holding BNB tokens (over 52 million more than last year!). ๐น
๐ Network Buzzing: The BNB Chain network is still active, with over 1 million daily active addresses (like previous quarters) and millions of transactions happening. ๐ฅ
๐ Ecosystem Booming: The total value locked in DeFi projects on #BNB Chain (TVL) is up 41% year-over-year! There's also a thriving NFT scene with millions of new NFTs created in Q2. ๐ค
BNB Chain might not have had a record-breaking quarter, but it's still growing and attracting users. Love it or hate it ๐คท, Binance is a major player in the crypto space. DYOR!! #altcoins
