BSC!
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THENA's weekly recap!🚀
1- THENA's revenue rises 2.84%!🌟
💹Reaching $246K in Epoch 7️⃣0️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀75.88% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣0️⃣ Highlights:
💸Fees: $143,229.83
💼Incentives: $103,612.25
💰Total Revenue: $246,842.08
📊Cumulative Metrics:
💸Fees: $9,260,936.26
💼Incentives: $9,505,323.95
💰Total Revenue: $18,766,260.21
Dominating as the #️⃣2️⃣ DEX on #BSC by weekly fees & revenue!🏋
2- THENA volume surges 14.53% despite market conditions!🌊
🥊Hitting $184M in Epoch 7️⃣0️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈74.08% volume increase since Epoch 5️⃣6️⃣!
🥉Rank #️⃣3️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.37B+
3- ALPHA Volume skyrockets to $12.75M!🚀
💹72.4% vs last week!
💹113.49% vs Dec's volume!
💹46.20% vs April's volume!
🧩29.50% of Jan's volume!
🧩25.25% of Feb's volume!
🧩21.78% of March's volume!
📊Total traded since Dec: $179.75M+
Hop on the ALPHA Express!🚄
4- Locked $THE surges🚀20.66% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 19.75%
⏫veTHE holders: 2.65%
Since Epoch 5️⃣2️⃣:
💹Locked $THE: 24.82%
📈veTHE: 24.45%
📊veTHE holders: 2.63%
🔒Avg Locked Duration is 1.81 year
Join THE revolution!
1- THENA's revenue rises 2.84%!🌟
💹Reaching $246K in Epoch 7️⃣0️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀75.88% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣0️⃣ Highlights:
💸Fees: $143,229.83
💼Incentives: $103,612.25
💰Total Revenue: $246,842.08
📊Cumulative Metrics:
💸Fees: $9,260,936.26
💼Incentives: $9,505,323.95
💰Total Revenue: $18,766,260.21
Dominating as the #️⃣2️⃣ DEX on #BSC by weekly fees & revenue!🏋
2- THENA volume surges 14.53% despite market conditions!🌊
🥊Hitting $184M in Epoch 7️⃣0️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈74.08% volume increase since Epoch 5️⃣6️⃣!
🥉Rank #️⃣3️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.37B+
3- ALPHA Volume skyrockets to $12.75M!🚀
💹72.4% vs last week!
💹113.49% vs Dec's volume!
💹46.20% vs April's volume!
🧩29.50% of Jan's volume!
🧩25.25% of Feb's volume!
🧩21.78% of March's volume!
📊Total traded since Dec: $179.75M+
Hop on the ALPHA Express!🚄
4- Locked $THE surges🚀20.66% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 19.75%
⏫veTHE holders: 2.65%
Since Epoch 5️⃣2️⃣:
💹Locked $THE: 24.82%
📈veTHE: 24.45%
📊veTHE holders: 2.63%
🔒Avg Locked Duration is 1.81 year
Join THE revolution!
$BNB : Binance Coin's Binance Smart Chain fuels the future of decentralized applications! Don't miss the Binance revolution! 🚀
#BNBToTheMoon! #BSC! #HotTrends #Write2Earn
#BNBToTheMoon! #BSC! #HotTrends #Write2Earn
THENA Roars into Another Stellar Week!🚀
1- $THE Price Skyrockets!🚀
⏫Up 43.95%!
📈From $0.3536 to $0.509!
🌟Highest since April 25, 2024!
Join $THE Revolution!🚀
2- THENA adds 2 innovative pools with voter incentives!🚀
🌟MORE by Stack More: A revolutionary collateral-backed stablecoin (CDP) with >$1 backing!
🌟arcUSD by Arcana Finance: Access institutional-grade yield strategies without staking or lockups!
Boost Your Portfolio now!💹
3- THENA volume erupts 5.76%!🌋
🥊Hitting $219M in Epoch 7️⃣3️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈106.89% volume increase since Epoch 5️⃣6️⃣!
🥈Rank #️⃣2️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $11.85B+
4- THENA's revenue skyrockets 14.34%!🚀
🥊Hitting $327K in Epoch 7️⃣3️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀133.06% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣3️⃣ Highlights:
💸Fees: $230,474.28
💼Incentives: $96,582.25
💰Total Revenue: $327,056.53
📊Cumulative Metrics:
💸Fees: $9,991,111.13
💼Incentives: $9,784,597.06
💰Total Revenue: $19,775,708.19
Dominating as #BSC's #️⃣2️⃣ DEX by weekly fees & revenue!
5- ALPHA May volume closes at a staggering $27.46M!🚀
💹359.60% vs Dec's volume!
💹214.79% vs April's volume!
🔥June volume already at $4.28M!
📊Total traded since Dec: $198.74M+
⭐Trade more & earn more with ALPHA's Trade2Earn program & grab a share of $1000 weekly!
6- Locked $THE surges🚀21.74% since Epoch 5️⃣6️⃣, fueling⚡️:
⏫veTHE: 21.24%
⏫veTHE holders: 2.23%
Since Epoch 5️⃣2️⃣:
💹Lkd $THE: 25.93%
📈veTHE: 25.99%
📊veTHE holders: 2.21%
Vs last Epoch:
⏫Lkd $THE: 0.26%
⏫veTHE: 0.44%
⏬Holders: 0.26%
🔒Avg Locked Duration is 1.81 years!
Spectacular Week for THENA!!🚀
1- $THE Price Skyrockets!🚀
⏫Up 43.95%!
📈From $0.3536 to $0.509!
🌟Highest since April 25, 2024!
Join $THE Revolution!🚀
2- THENA adds 2 innovative pools with voter incentives!🚀
🌟MORE by Stack More: A revolutionary collateral-backed stablecoin (CDP) with >$1 backing!
🌟arcUSD by Arcana Finance: Access institutional-grade yield strategies without staking or lockups!
Boost Your Portfolio now!💹
3- THENA volume erupts 5.76%!🌋
🥊Hitting $219M in Epoch 7️⃣3️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈106.89% volume increase since Epoch 5️⃣6️⃣!
🥈Rank #️⃣2️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $11.85B+
4- THENA's revenue skyrockets 14.34%!🚀
🥊Hitting $327K in Epoch 7️⃣3️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀133.06% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣3️⃣ Highlights:
💸Fees: $230,474.28
💼Incentives: $96,582.25
💰Total Revenue: $327,056.53
📊Cumulative Metrics:
💸Fees: $9,991,111.13
💼Incentives: $9,784,597.06
💰Total Revenue: $19,775,708.19
Dominating as #BSC's #️⃣2️⃣ DEX by weekly fees & revenue!
5- ALPHA May volume closes at a staggering $27.46M!🚀
💹359.60% vs Dec's volume!
💹214.79% vs April's volume!
🔥June volume already at $4.28M!
📊Total traded since Dec: $198.74M+
⭐Trade more & earn more with ALPHA's Trade2Earn program & grab a share of $1000 weekly!
6- Locked $THE surges🚀21.74% since Epoch 5️⃣6️⃣, fueling⚡️:
⏫veTHE: 21.24%
⏫veTHE holders: 2.23%
Since Epoch 5️⃣2️⃣:
💹Lkd $THE: 25.93%
📈veTHE: 25.99%
📊veTHE holders: 2.21%
Vs last Epoch:
⏫Lkd $THE: 0.26%
⏫veTHE: 0.44%
⏬Holders: 0.26%
🔒Avg Locked Duration is 1.81 years!
Spectacular Week for THENA!!🚀
#BABYLONG is the NEXT 1000X gem that you should not missed out !
It's the most promising #memecoin in the space right now.
It's a great time to hop in!
Meanwhile enjoy HOLD + EARN 💸💸
Just hold #BABYLONG in your wallet and enjoy DAILY 0.15% dividend, rewards will be auto distributed to your wallet!
X: @babylong_bsc
#BSCGemsAlert! #BSC! #bscgem #bsc #BSCchain
It's the most promising #memecoin in the space right now.
It's a great time to hop in!
Meanwhile enjoy HOLD + EARN 💸💸
Just hold #BABYLONG in your wallet and enjoy DAILY 0.15% dividend, rewards will be auto distributed to your wallet!
X: @babylong_bsc
#BSCGemsAlert! #BSC! #bscgem #bsc #BSCchain
#PEOPLE $PEOPLE is on the move!
The price is up over 5% today and is currently trading at $0.06124. This is a significant increase from the 7-day low of $0.05757.
The chart shows that the bulls are in control and there is a lot of buying pressure behind $PEOPLE. The 24-hour trading volume is over $978 million, which is a sign of strong market interest.
If you're looking for a memecoin with potential, $PEOPLE is one to watch.
#BinanceTournament #US_Job_Market_Slowdown #Bitcoinarena #BSC! #ETH_ETFs_Approval_Predictions
The price is up over 5% today and is currently trading at $0.06124. This is a significant increase from the 7-day low of $0.05757.
The chart shows that the bulls are in control and there is a lot of buying pressure behind $PEOPLE. The 24-hour trading volume is over $978 million, which is a sign of strong market interest.
If you're looking for a memecoin with potential, $PEOPLE is one to watch.
#BinanceTournament #US_Job_Market_Slowdown #Bitcoinarena #BSC! #ETH_ETFs_Approval_Predictions
crow with knife knife now available on #BSC! #PancakeSwapListing #PancakeSwap #memecoin🚀🚀🚀 $CAW #Memecoin🤑🤑
Unlocking Seamless Cross-chain Transfers With Agatech Bridge
In the fast-paced world of decentralized finance, security and flexibility are paramount. This is why $AGATA, now operable as a Jetton on the #tonecoin blockchain, is taking decisive steps to ensure the highest level of security for its holders. After a series of rigorous checks and meticulous planning, we're excited to announce that the $AGATA token is on the brink of becoming fully bridgeable across multiple blockchains.
At the heart of our expansion lies the deployment of the TON bridge, which has already been successfully integrated with several major blockchains including #BSC! , Celo, Polygon, and Fantom. These connections mark the beginning of a new phase where $AGATA holders will enjoy seamless and secure transfers across these networks.
But we’re not stopping there. Our ongoing efforts are focused on extending this bridge to an additional set of blockchains. Soon, $AGATA will be bridgeable across Harmony, Linea, Ethereum, Avalanche, and Gnosis. The expansion doesn’t end with these; plans are already in place to integrate with Base, Arbitrum, and Optimism, thereby ensuring that $AGATA remains at the forefront of cross-chain operability.
For our community of $AGATA holders, these developments mean more than just technical advancements they represent an enhanced user experience. With the bridging of $AGATA across multiple blockchains, holders can look forward to greater flexibility in managing their assets. Whether it's moving tokens between different ecosystems or taking advantage of unique opportunities on various chains, the enhanced operability ensures that $AGATA remains a versatile and powerful tool in your digital wallet.
Security has always been our top priority, and by carefully rolling out these bridges with thorough testing and scrutiny, we ensure that your assets are protected as they move across the blockchain landscape. The delays we experienced were not setbacks but necessary steps to guarantee that our bridges are as secure and robust as possible.
The ongoing development and deployment of these bridges are a testament to our commitment to innovation and user security. As we continue to expand $AGATA’s operability across more chains, we are building a future-ready token that is equipped to thrive in a multi-chain world. And We’re finishing deploying the TON bridge for Gnosis chain and then they’re all deployed. This means more opportunities for our users and more ways to engage with the #DEFİ ecosystem.
The #Agatech bridging of $AGATA across these 12 blockchains is not just a milestone for our project but a significant leap forward in how decentralized assets can be managed and utilized. With security as our foundation and flexibility as our goal, $AGATA is poised to offer its holders an unparalleled experience in the blockchain space.
Stay tuned as we continue to unlock new potentials and provide even more benefits for our community. The future of $AGATA is bright, and we’re thrilled to have you with us on this journey.
At the heart of our expansion lies the deployment of the TON bridge, which has already been successfully integrated with several major blockchains including #BSC! , Celo, Polygon, and Fantom. These connections mark the beginning of a new phase where $AGATA holders will enjoy seamless and secure transfers across these networks.
But we’re not stopping there. Our ongoing efforts are focused on extending this bridge to an additional set of blockchains. Soon, $AGATA will be bridgeable across Harmony, Linea, Ethereum, Avalanche, and Gnosis. The expansion doesn’t end with these; plans are already in place to integrate with Base, Arbitrum, and Optimism, thereby ensuring that $AGATA remains at the forefront of cross-chain operability.
For our community of $AGATA holders, these developments mean more than just technical advancements they represent an enhanced user experience. With the bridging of $AGATA across multiple blockchains, holders can look forward to greater flexibility in managing their assets. Whether it's moving tokens between different ecosystems or taking advantage of unique opportunities on various chains, the enhanced operability ensures that $AGATA remains a versatile and powerful tool in your digital wallet.
Security has always been our top priority, and by carefully rolling out these bridges with thorough testing and scrutiny, we ensure that your assets are protected as they move across the blockchain landscape. The delays we experienced were not setbacks but necessary steps to guarantee that our bridges are as secure and robust as possible.
The ongoing development and deployment of these bridges are a testament to our commitment to innovation and user security. As we continue to expand $AGATA’s operability across more chains, we are building a future-ready token that is equipped to thrive in a multi-chain world. And We’re finishing deploying the TON bridge for Gnosis chain and then they’re all deployed. This means more opportunities for our users and more ways to engage with the #DEFİ ecosystem.
The #Agatech bridging of $AGATA across these 12 blockchains is not just a milestone for our project but a significant leap forward in how decentralized assets can be managed and utilized. With security as our foundation and flexibility as our goal, $AGATA is poised to offer its holders an unparalleled experience in the blockchain space.
Stay tuned as we continue to unlock new potentials and provide even more benefits for our community. The future of $AGATA is bright, and we’re thrilled to have you with us on this journey.
See original
LIVENoshyy
--
How do I use Binance Smart Chain #BSC
How do I Use the Binance Smart Chain (BSC)?
Binance has seen a lot of growth since they first set foot in the crypto space.
Headed by Changpeng Zhao, famously known as ‘CZ,’ Binance is the leading Centralized Exchange (CEX) globally.
The exchange does a daily volume of over $1 billion, which is a big deal in the crypto space. The entire industry is very young compared to traditional finance (TradFi), only having been around for about eight years.
After operating for a while on Ethereum blockchain, Binance decided to venture on its own path and launched its own chain, the Binance Smart Chain (BSC).
We delve into matters BSC and how to use the chain.
Binance has its Own Blockchain?
Yes. Initially, Binance Coin (BNB) was an ERC-20 cryptocurrency. However, following the massive growth of the exchange, the developers saw it fit to develop their own chain, the Binance Smart Chain (BSC)
High Transaction Fees on Ethereum
The primary reason for its shift was the high fees on Ethereum Network.
Since the move, Ethereum has not improved very much in terms of transaction fees. Currently, Ethereum gas fees range between 41 and 59 Gwei.
While it is significantly low from highs of about 3000 Gwei per transaction, the rise in the price of Ethereum means the dollar value of the fees is high compared to other chains.
Hence Binance developed the Binance Chain (Note: not Binance Smart Chain).
This was the first blockchain that Binance moved to before the upgrade to Binance Smart Chain.
The main difference between Binance Chain and Binance Smart Chain (BSC) is that the former does not support smart contracts and staking while the latter does.
Binance Chain was announced in April 2019. With Binance Chain, anyone can create, use and also trade crypto assets on this blockchain.
Interoperability
Tokens on the Binance Chain follow the BEP2 token standard, while BSC tokens use the BEP20 standard.
Another crucial reason for creating the BSC was interoperability, which is the ability of one chain to interact with other chains.
Binance platform and its ecosystem heavily rely on the Ethereum network. Additionally, almost all the volume on Decentralized Finance (DeFi) was on Ethereum.
Ethereum Virtual Machine Compatibility
For Binance to get a piece of the DeFi pie, they needed to make their chain compatible with Ethereum. Blockchains that are interoperable with Ethereum are called EVM-compatible chains.
EVM stands for Ethereum Virtual Machine, the runtime environment for every smart contract on the Ethereum blockchain.
Because of this compatibility, BSC was able to build a bridge back to Ethereum.
Therefore, the volume on Ethereum can safely cross over to Binance Smart Chain.
Since the launch of BSC and the BEP20 token standard, the Binance ecosystem has grown exponentially.
New projects launch every single day. CoinGecko’s BSC ecosystem has a massive $87 billion market cap with over 200 projects deploying their projects on the chain.
This shows exponential growth for the chain.
What are the Use-cases of the Binance Smart Chain?
The Binance Smart Chain leverages most Ethereum based products but using cheaper transactions fees.
The BSC ecosystem consists of swapping protocols such as PancakeSwap. PancakeSwap (CAKE) is the largest and most popular swapping protocol on BSC.
It works very much like Uniswap (UNI) on Ethereum. The BSC also offers protocols for staking, yield farming, and also liquidity mining.
How to Use the Binance Smart Chain?
For you to make maximum use of the Binance Smart Chain, you need to have a wallet. Since BSC is EVM-compatible, a non-custodial wallet like Metamask is highly recommended.
Despite the apparent advantages of the Metamask wallet, BSC has its own wallet called the Binance Chain Wallet (BCW).
The wallet is easy for anyone to create and use.
Download the Binance Chain Wallet (BCW) by choosing the type of browser you are using. Note that the browser must be a Web3 browser. For example, Chrome, Brave, and Firefox are Web3 browsers.
After you have finished installing the extension on the browser, a pop-up mini-screen will show up. You can create your wallet here using your Gmail account.
Note: If you already have an existing wallet, then you can use your original wallet recovery phrase to log into your wallet account.
Click on ‘Create wallet“. Click on ‘Continue with tKey via: G’ A Gmail pop-up will appear asking you to log in via your Gmail account.
Create a password that you will use to access your wallet. A password is the second layer of protection that you can use if you somehow lose your private key.
A Binance Chain Wallet recovery phrase will appear. You can use this seed phrase to recover your account at any time, at any place on any computer. Binance wallet also allows you to create your own seed phrase.
Recovery phrases usually contain 12, 15, 18, 21, or 24 words in total.
The more the words, the stronger the security.
Recovery phrases are very sensitive, and should they fall into the wrong hands, you can lose all your funds.
Someone with your recovery phrase can change your wallet password.
In more ways than one, it has the same function as your bank account pin or password.
One seed phrase can access all wallets created from it.
After securely storing the seed phrase, click on ‘Continue.’
Congratulations! You now have a working Binance Chain Wallet.
With the wallet, you will be able to receive and send BEP20 tokens.
The wallet also allows you to interact with DApps and DeFi protocols on BSC and Ethereum Blockchains.
You can sign Smart Contracts and also confirm transactions on the blockchain with the wallet.
I Now Have a Binance Smart Chain Functional Wallet. What Next?
Now that your wallet is ready to use, proceed to fund it with BNB.
To deposit funds in your wallet, you can use Wallet Direct.
BNB tokens are the native assets of the BSC ecosystem.
This means that you will use BNB to pay for all transactions fees.
This makes BNB very crucial to the success of BSC.
Since we want to interact with the chain, we have to acquire BNB BEP-20 tokens.
You can deposit BNB into your Binance Chain Wallet from the Binance Exchange Fiat/Spot wallet or from a different wallet.
Depositing from Your Binance Exchange Fiat/Spot Wallet (Binance Exchange Users)
On your Binance Chain Wallet, click on the icon on the far top right.
You will then click on ‘Connect to Binance.com account’
Log into your Binance Exchange account and click on ‘Verify and connect my address.’
A pop-up will appear. Click on ‘Connect to wallet.’ Binance Smart Chain wallet will open up. Click on ‘Connect’
This step requires you to verify that you are the owner of the wallet. After clicking ‘Sign with wallet,’ you will click on ‘Confirm’ on your Binance Chain Wallet that opens up immediately.
Several Binance Exchange authentication steps will follow. These are a necessary final layer of security.
However, they are nothing uncommon to the Binance Exchange users.
After the verification process, your Binance Exchange account will be successfully linked to your Binance Chain Wallet.
To transfer funds from Binance Exchange to your wallet, click on ‘Receive’ and select ‘Wallet Direct.’
Your Binance Exchange Fiat/Spot balances will appear.
You can now set the amount transfer BNB to your Binance Chain Wallet.
Depositing BNB from another Wallet
It is also possible to deposit funds from another wallet directly.
For example, we can transfer BNB from Binance Exchange to Binance Chain Wallet without Wallet Direct.
It is noteworthy that most users prefer this form of funds deposit because it is shorter and less tedious.
Proceed to the Binance Exchange withdrawal page
Select Binance Smart Chain network (BEP-20)
On your Binance Chain Wallet, click on ‘Binance Chain Native Token.’ Proceed and click ‘Receive.’
A QR code will pop up. Scan the code or copy the address and use it to withdraw tokens from your Binance Exchange wallet.
Note: This address can also be used to receive other BEP-20 tokens (apart from BNB) from other wallets such as Trust Wallet and Metamask.
To enjoy the wallet function, you will need to view your balances.
The wallet only shows BNB balances by default. Also, some of the approved token balances can be seen.
For other tokens, they need to be added manually for the balances to reflect.
How to Add New Tokens to your Binance Chain Wallet
At the bottom of the Binance Chain Wallet, click on the + button.
Search for the token you would like to add. There is a list of over 100 Binance-Pegged Ethereum tokens and also BSC native tokens like PancakeSwap (CAKE)
When you find the token you are looking for, check the token. Checking the token makes it available on the ‘Balances’ page.
Note: Your wallet will still receive tokens even if they have not been added to the wallet.
Connecting Your Binance Chain Wallet to the Binance Smart Chain (BSC)
With your funded wallet, you can begin to explore the endless possibilities on the Binance Smart Chain.
One of the most basic operations you can do on any chain, including BSC, is to swap tokens for other tokens.
This is common when you want to cash out on a project you have been holding for some time. On BSC, the go-to swap protocol is PancakeSwap. Hence, by using PancakeSwap, you are already using the BSC.
But how exactly do you connect, though?
Go to the PancakeSwap website and click on the ‘Connect’ button on the top right of the page.
Select ‘Binance Chain Wallet.’ You will also see a list of other wallets supported on the Binance Smart Chain.
For now, use Binance Chain Wallet.
You will now have to connect your Binance Chain Wallet to the PancakeSwap DApp. Click on ‘Connect.’
After a successful wallet connection, your wallet address will appear on the top right corner of the page.
Advantages of Using the Binance Smart Chain (BSC)
While connected to the BSC, you can make transactions at extremely low costs.
Transactions go through for less than a dollar. This makes BSC a lucrative blockchain for blockchain startups.
Lately, projects have been migrating from Ethereum to BSC. The latest project to migrate entirely is GameXChange (EXP), formerly Tapcoin (TTT).
In a nutshell, BSC supports the development of dApps. And since BSC is an EVM-compatible chain (meaning it uses solidity programming language), dApps on the chain can later be bridged back to Ethereum, where all the volume is.
The State of the Binance Smart Chain (BSC)
Despite the functional advantages of Binance Smart Chain, the chain has seen a reduction from its all-time high total value locked (TVL). This is because BSC is a layer-1 EVM-compatible blockchain.
Lately, Layer-2 alternatives have been sprouting up. The likes of Polygon, Optimism, and even Arbitrum have seen much of the volume migrate from Layer-1 protocols. Layer-2 Blockchains are more secure and more decentralized.
Most of the EVM-based Blockchains threatened to ‘kill’ Ethereum because of their cheaper and faster transactions.
However, in doing so, they sacrificed security and decentralization.
These two critical metrics are what have kept Ethereum on top. Binance Smart Chain has been accused of over-centralization. The network operates on a Proof of Stake consensus mechanism.
However, unlike Ethereum’s over 77,000 node validators, BSC only has a total of 21 node validators. 11 of them are responsible for the governance of the network.
#binanacesquare #Binanceblockchain
Disclaimer: Includes thrid-party opinions. No financial advice.
Noshy
Binance has seen a lot of growth since they first set foot in the crypto space.
Headed by Changpeng Zhao, famously known as ‘CZ,’ Binance is the leading Centralized Exchange (CEX) globally.
The exchange does a daily volume of over $1 billion, which is a big deal in the crypto space. The entire industry is very young compared to traditional finance (TradFi), only having been around for about eight years.
After operating for a while on Ethereum blockchain, Binance decided to venture on its own path and launched its own chain, the Binance Smart Chain (BSC).
We delve into matters BSC and how to use the chain.
Binance has its Own Blockchain?
Yes. Initially, Binance Coin (BNB) was an ERC-20 cryptocurrency. However, following the massive growth of the exchange, the developers saw it fit to develop their own chain, the Binance Smart Chain (BSC)
High Transaction Fees on Ethereum
The primary reason for its shift was the high fees on Ethereum Network.
Since the move, Ethereum has not improved very much in terms of transaction fees. Currently, Ethereum gas fees range between 41 and 59 Gwei.
While it is significantly low from highs of about 3000 Gwei per transaction, the rise in the price of Ethereum means the dollar value of the fees is high compared to other chains.
Hence Binance developed the Binance Chain (Note: not Binance Smart Chain).
This was the first blockchain that Binance moved to before the upgrade to Binance Smart Chain.
The main difference between Binance Chain and Binance Smart Chain (BSC) is that the former does not support smart contracts and staking while the latter does.
Binance Chain was announced in April 2019. With Binance Chain, anyone can create, use and also trade crypto assets on this blockchain.
Interoperability
Tokens on the Binance Chain follow the BEP2 token standard, while BSC tokens use the BEP20 standard.
Another crucial reason for creating the BSC was interoperability, which is the ability of one chain to interact with other chains.
Binance platform and its ecosystem heavily rely on the Ethereum network. Additionally, almost all the volume on Decentralized Finance (DeFi) was on Ethereum.
Ethereum Virtual Machine Compatibility
For Binance to get a piece of the DeFi pie, they needed to make their chain compatible with Ethereum. Blockchains that are interoperable with Ethereum are called EVM-compatible chains.
EVM stands for Ethereum Virtual Machine, the runtime environment for every smart contract on the Ethereum blockchain.
Because of this compatibility, BSC was able to build a bridge back to Ethereum.
Therefore, the volume on Ethereum can safely cross over to Binance Smart Chain.
Since the launch of BSC and the BEP20 token standard, the Binance ecosystem has grown exponentially.
New projects launch every single day. CoinGecko’s BSC ecosystem has a massive $87 billion market cap with over 200 projects deploying their projects on the chain.
This shows exponential growth for the chain.
What are the Use-cases of the Binance Smart Chain?
The Binance Smart Chain leverages most Ethereum based products but using cheaper transactions fees.
The BSC ecosystem consists of swapping protocols such as PancakeSwap. PancakeSwap (CAKE) is the largest and most popular swapping protocol on BSC.
It works very much like Uniswap (UNI) on Ethereum. The BSC also offers protocols for staking, yield farming, and also liquidity mining.
How to Use the Binance Smart Chain?
For you to make maximum use of the Binance Smart Chain, you need to have a wallet. Since BSC is EVM-compatible, a non-custodial wallet like Metamask is highly recommended.
Despite the apparent advantages of the Metamask wallet, BSC has its own wallet called the Binance Chain Wallet (BCW).
The wallet is easy for anyone to create and use.
Download the Binance Chain Wallet (BCW) by choosing the type of browser you are using. Note that the browser must be a Web3 browser. For example, Chrome, Brave, and Firefox are Web3 browsers.
After you have finished installing the extension on the browser, a pop-up mini-screen will show up. You can create your wallet here using your Gmail account.
Note: If you already have an existing wallet, then you can use your original wallet recovery phrase to log into your wallet account.
Click on ‘Create wallet“. Click on ‘Continue with tKey via: G’ A Gmail pop-up will appear asking you to log in via your Gmail account.
Create a password that you will use to access your wallet. A password is the second layer of protection that you can use if you somehow lose your private key.
A Binance Chain Wallet recovery phrase will appear. You can use this seed phrase to recover your account at any time, at any place on any computer. Binance wallet also allows you to create your own seed phrase.
Recovery phrases usually contain 12, 15, 18, 21, or 24 words in total.
The more the words, the stronger the security.
Recovery phrases are very sensitive, and should they fall into the wrong hands, you can lose all your funds.
Someone with your recovery phrase can change your wallet password.
In more ways than one, it has the same function as your bank account pin or password.
One seed phrase can access all wallets created from it.
After securely storing the seed phrase, click on ‘Continue.’
Congratulations! You now have a working Binance Chain Wallet.
With the wallet, you will be able to receive and send BEP20 tokens.
The wallet also allows you to interact with DApps and DeFi protocols on BSC and Ethereum Blockchains.
You can sign Smart Contracts and also confirm transactions on the blockchain with the wallet.
I Now Have a Binance Smart Chain Functional Wallet. What Next?
Now that your wallet is ready to use, proceed to fund it with BNB.
To deposit funds in your wallet, you can use Wallet Direct.
BNB tokens are the native assets of the BSC ecosystem.
This means that you will use BNB to pay for all transactions fees.
This makes BNB very crucial to the success of BSC.
Since we want to interact with the chain, we have to acquire BNB BEP-20 tokens.
You can deposit BNB into your Binance Chain Wallet from the Binance Exchange Fiat/Spot wallet or from a different wallet.
Depositing from Your Binance Exchange Fiat/Spot Wallet (Binance Exchange Users)
On your Binance Chain Wallet, click on the icon on the far top right.
You will then click on ‘Connect to Binance.com account’
Log into your Binance Exchange account and click on ‘Verify and connect my address.’
A pop-up will appear. Click on ‘Connect to wallet.’ Binance Smart Chain wallet will open up. Click on ‘Connect’
This step requires you to verify that you are the owner of the wallet. After clicking ‘Sign with wallet,’ you will click on ‘Confirm’ on your Binance Chain Wallet that opens up immediately.
Several Binance Exchange authentication steps will follow. These are a necessary final layer of security.
However, they are nothing uncommon to the Binance Exchange users.
After the verification process, your Binance Exchange account will be successfully linked to your Binance Chain Wallet.
To transfer funds from Binance Exchange to your wallet, click on ‘Receive’ and select ‘Wallet Direct.’
Your Binance Exchange Fiat/Spot balances will appear.
You can now set the amount transfer BNB to your Binance Chain Wallet.
Depositing BNB from another Wallet
It is also possible to deposit funds from another wallet directly.
For example, we can transfer BNB from Binance Exchange to Binance Chain Wallet without Wallet Direct.
It is noteworthy that most users prefer this form of funds deposit because it is shorter and less tedious.
Proceed to the Binance Exchange withdrawal page
Select Binance Smart Chain network (BEP-20)
On your Binance Chain Wallet, click on ‘Binance Chain Native Token.’ Proceed and click ‘Receive.’
A QR code will pop up. Scan the code or copy the address and use it to withdraw tokens from your Binance Exchange wallet.
Note: This address can also be used to receive other BEP-20 tokens (apart from BNB) from other wallets such as Trust Wallet and Metamask.
To enjoy the wallet function, you will need to view your balances.
The wallet only shows BNB balances by default. Also, some of the approved token balances can be seen.
For other tokens, they need to be added manually for the balances to reflect.
How to Add New Tokens to your Binance Chain Wallet
At the bottom of the Binance Chain Wallet, click on the + button.
Search for the token you would like to add. There is a list of over 100 Binance-Pegged Ethereum tokens and also BSC native tokens like PancakeSwap (CAKE)
When you find the token you are looking for, check the token. Checking the token makes it available on the ‘Balances’ page.
Note: Your wallet will still receive tokens even if they have not been added to the wallet.
Connecting Your Binance Chain Wallet to the Binance Smart Chain (BSC)
With your funded wallet, you can begin to explore the endless possibilities on the Binance Smart Chain.
One of the most basic operations you can do on any chain, including BSC, is to swap tokens for other tokens.
This is common when you want to cash out on a project you have been holding for some time. On BSC, the go-to swap protocol is PancakeSwap. Hence, by using PancakeSwap, you are already using the BSC.
But how exactly do you connect, though?
Go to the PancakeSwap website and click on the ‘Connect’ button on the top right of the page.
Select ‘Binance Chain Wallet.’ You will also see a list of other wallets supported on the Binance Smart Chain.
For now, use Binance Chain Wallet.
You will now have to connect your Binance Chain Wallet to the PancakeSwap DApp. Click on ‘Connect.’
After a successful wallet connection, your wallet address will appear on the top right corner of the page.
Advantages of Using the Binance Smart Chain (BSC)
While connected to the BSC, you can make transactions at extremely low costs.
Transactions go through for less than a dollar. This makes BSC a lucrative blockchain for blockchain startups.
Lately, projects have been migrating from Ethereum to BSC. The latest project to migrate entirely is GameXChange (EXP), formerly Tapcoin (TTT).
In a nutshell, BSC supports the development of dApps. And since BSC is an EVM-compatible chain (meaning it uses solidity programming language), dApps on the chain can later be bridged back to Ethereum, where all the volume is.
The State of the Binance Smart Chain (BSC)
Despite the functional advantages of Binance Smart Chain, the chain has seen a reduction from its all-time high total value locked (TVL). This is because BSC is a layer-1 EVM-compatible blockchain.
Lately, Layer-2 alternatives have been sprouting up. The likes of Polygon, Optimism, and even Arbitrum have seen much of the volume migrate from Layer-1 protocols. Layer-2 Blockchains are more secure and more decentralized.
Most of the EVM-based Blockchains threatened to ‘kill’ Ethereum because of their cheaper and faster transactions.
However, in doing so, they sacrificed security and decentralization.
These two critical metrics are what have kept Ethereum on top. Binance Smart Chain has been accused of over-centralization. The network operates on a Proof of Stake consensus mechanism.
However, unlike Ethereum’s over 77,000 node validators, BSC only has a total of 21 node validators. 11 of them are responsible for the governance of the network.
#binanacesquare #Binanceblockchain
Disclaimer: Includes thrid-party opinions. No financial advice.
Noshy
DEX volume on #BSC! has surpassed #Solana for three consecutive days (August 21, 22, and 23), making it the second-highest ranked chain, trailing only behind #Ethereum.
#bnbchain
#bnbchain
Exciting Expansion From Agaswap Adds Arbitrum For Faster, Lower-fee Trading
#AgaSwap continues to innovate and expand, bringing even more opportunities for our users. We're exited to announce that #Arbitrum will be the next supported chain on AgaSwap. Our commitment to enhancing your trading experience remains strong, and we are diligently working to fix minor bugs, ensuring a seamless and user-friendly platform.
AgaSwap currently operates on #BSC! ,#Polygon , and #Ethereum , providing a robust and versatile decentralized exchange. The addition of Arbitrum is a significant step forward, offering users faster transactions and lower fees, further cementing AgaSwap's position as a leading DEX. Our platform supports the swapping of a vast array of tokens, ensuring you have access to a wide range of trading options.
Our separate bridge, supporting 12 blockchains exclusively for $AGATA, underlines our dedication to security and efficiency. With Arbitrum, users can look forward to a more efficient trading experience, enhancing both accessibility and flexibility. Stay tuned for more updates as we continue to improve and expand, making AgaSwap your go-to platform for decentralized trading.
AgaSwap currently operates on #BSC! ,#Polygon , and #Ethereum , providing a robust and versatile decentralized exchange. The addition of Arbitrum is a significant step forward, offering users faster transactions and lower fees, further cementing AgaSwap's position as a leading DEX. Our platform supports the swapping of a vast array of tokens, ensuring you have access to a wide range of trading options.
Our separate bridge, supporting 12 blockchains exclusively for $AGATA, underlines our dedication to security and efficiency. With Arbitrum, users can look forward to a more efficient trading experience, enhancing both accessibility and flexibility. Stay tuned for more updates as we continue to improve and expand, making AgaSwap your go-to platform for decentralized trading.
Did You Know?
Binance, the world’s largest cryptocurrency exchange by trading volume, isn’t just about trading! 🚀
In addition to its exchange services, Binance has launched Binance Smart Chain (BSC), a blockchain platform enabling developers to build decentralized applications (DApps) and DeFi solutions with high performance and low transaction fees. 🌐✨
With over $20 billion in daily trading volume, Binance continues to lead in innovation by supporting an ecosystem of projects and offering a comprehensive suite of services, from education (Binance Academy) to token launches (Binance Launchpad).
Stay tuned for more exciting updates from Binance as it shapes the future of blockchain technology! 💡🔗
#Binance #Crypto #Blockchain
#BSC!
Binance, the world’s largest cryptocurrency exchange by trading volume, isn’t just about trading! 🚀
In addition to its exchange services, Binance has launched Binance Smart Chain (BSC), a blockchain platform enabling developers to build decentralized applications (DApps) and DeFi solutions with high performance and low transaction fees. 🌐✨
With over $20 billion in daily trading volume, Binance continues to lead in innovation by supporting an ecosystem of projects and offering a comprehensive suite of services, from education (Binance Academy) to token launches (Binance Launchpad).
Stay tuned for more exciting updates from Binance as it shapes the future of blockchain technology! 💡🔗
#Binance #Crypto #Blockchain
#BSC!
According to a CoinGecko report, Solana, Sui, and Binance Smart Chain have the highest real transactions per second (TPS) among blockchain networks. Solana leads with an average of 1,053 daily TPS, followed by Sui with 854.1 TPS, and Binance Smart Chain with 378.3 TPS. The report evaluated blockchains based on transaction volume, with Solana's 1,053 TPS being just 1.6% of its theoretical 65,000 TPS. Ethereum ranks seventeenth, trailing behind most Layer 1 and Layer 2 networks. Bitcoin, processing 10.7 TPS, is in the bottom 10. The rankings were based on the top 30 blockchains by total value of assets locked (TVL) and their maximum transactions in the past year, highlighting the utility and adoption potential of these networks.
$SOL $SUI
#ETHETFS #ETFvsBTC #BSC!
$SOL $SUI
#ETHETFS #ETFvsBTC #BSC!
What a reaction $CATI
Nothing gonna stop this train IMO
CZ out of jail in 3 days, full send the #BSC! coins
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #AqibAlpha
Nothing gonna stop this train IMO
CZ out of jail in 3 days, full send the #BSC! coins
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #AqibAlpha
🚨 Breaking Crypto Update!‼️🤯
Tron and BSC networks have seen a remarkable surge in gas revenue for August! According to recent data from Lookonchain, Tron experienced a massive 46.54% increase in gas revenue compared to July. Meanwhile, BSC isn’t far behind, recording a 6.63% year-on-year rise for the same month.
But it's not all good news across the board. Ethereum's gas revenue took a hit, dropping by 33.44% year-on-year in August. Solana also faced a significant decline, with a 48.51% drop in gas revenue. Bitcoin, often seen as the market leader, saw a 16.85% decrease in gas revenue during this period.
Stay informed, as these shifts could impact network activity and pricing.
#CryptoNewss #TRON✅ #BSC! #EthereumSignal #Bitcoin❗
Tron and BSC networks have seen a remarkable surge in gas revenue for August! According to recent data from Lookonchain, Tron experienced a massive 46.54% increase in gas revenue compared to July. Meanwhile, BSC isn’t far behind, recording a 6.63% year-on-year rise for the same month.
But it's not all good news across the board. Ethereum's gas revenue took a hit, dropping by 33.44% year-on-year in August. Solana also faced a significant decline, with a 48.51% drop in gas revenue. Bitcoin, often seen as the market leader, saw a 16.85% decrease in gas revenue during this period.
Stay informed, as these shifts could impact network activity and pricing.
#CryptoNewss #TRON✅ #BSC! #EthereumSignal #Bitcoin❗
Top 10 #Altcoins are on the brink of a Breakout on the Weekly Chart 📈🚀 potential 3-5x short term 🙌🙌
1.Kaspa ( $KAS)
2.Babylong (#BABYLONG)
3. Aave ( $AAVE)
4. Crow with knife ( $CAW)
5. JasmyCoin ( $JASMY)
6. RETARDIO ( #RETARDIO)
7. Wexo ( $WEXO)
8. VGX Token ( $VGX)
9. BabyDogeCoin ( #BABYDOGE)
10. Helium Mobile ( $MOBILE)
#BSCGemsAlert! #BSC! #bnbchain
1.Kaspa ( $KAS)
2.Babylong (#BABYLONG)
3. Aave ( $AAVE)
4. Crow with knife ( $CAW)
5. JasmyCoin ( $JASMY)
6. RETARDIO ( #RETARDIO)
7. Wexo ( $WEXO)
8. VGX Token ( $VGX)
9. BabyDogeCoin ( #BABYDOGE)
10. Helium Mobile ( $MOBILE)
#BSCGemsAlert! #BSC! #bnbchain
THENA's week in review!🚀
1- Testing at ARENA is underway!🚀
Thrilled to be selected as a tester! Here's a sneak peek at the user interface (subject to change based on feedback):
🏆Rankings!
🆔THENA IDs!
👤User Profile!
🏁Competitions!
Get ready for epic trading battles!⚔️
2- THENA volume navigates market conditions!🌊
🥊Hitting $161M in Epoch 6️⃣9️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈51.97% volume increase since Epoch 5️⃣6️⃣!
🥈Rank #️⃣2️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.18B+
3- THENA's revenue is showing robust performance!
💹Reaching $240K in Epoch 6️⃣9️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀71% revenue increase since Epoch 5️⃣6️⃣!
Epoch 6️⃣9️⃣ Highlights:
💸Fees: $132,014.23
💼Incentives: $108,015.56 (Highest since Epoch 3️⃣6️⃣!)
💰Total Revenue: $240,029.79
📊Cumulative Metrics:
💸Fees: $9,117,594.60
💼Incentives: $9,403,362.30
💰Total Revenue: $18,520,956.90
Dominating as the #️⃣2️⃣ DEX on #BSC by weekly fees & revenue!🏋️
4- ALPHA Volume skyrockets to $7.39M!🚀
💹241% vs last week!
💹23.80% vs Dec's volume!
🧩84.79% of April's volume!
📊Total traded since Dec: $174.39M+
THE best is yet to come for ALPHA!🌟
5- Locked $THE surges🚀 20.14% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 19.44%
⏫veTHE holders: 2.84%
Since Epoch 5️⃣2️⃣:
💹Locked $THE: 24.16%
📈veTHE: 24.13%
📊veTHE holders: 2.83%
🔒Avg Locked Duration is 1.81 years!
1- Testing at ARENA is underway!🚀
Thrilled to be selected as a tester! Here's a sneak peek at the user interface (subject to change based on feedback):
🏆Rankings!
🆔THENA IDs!
👤User Profile!
🏁Competitions!
Get ready for epic trading battles!⚔️
2- THENA volume navigates market conditions!🌊
🥊Hitting $161M in Epoch 6️⃣9️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈51.97% volume increase since Epoch 5️⃣6️⃣!
🥈Rank #️⃣2️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.18B+
3- THENA's revenue is showing robust performance!
💹Reaching $240K in Epoch 6️⃣9️⃣!
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀71% revenue increase since Epoch 5️⃣6️⃣!
Epoch 6️⃣9️⃣ Highlights:
💸Fees: $132,014.23
💼Incentives: $108,015.56 (Highest since Epoch 3️⃣6️⃣!)
💰Total Revenue: $240,029.79
📊Cumulative Metrics:
💸Fees: $9,117,594.60
💼Incentives: $9,403,362.30
💰Total Revenue: $18,520,956.90
Dominating as the #️⃣2️⃣ DEX on #BSC by weekly fees & revenue!🏋️
4- ALPHA Volume skyrockets to $7.39M!🚀
💹241% vs last week!
💹23.80% vs Dec's volume!
🧩84.79% of April's volume!
📊Total traded since Dec: $174.39M+
THE best is yet to come for ALPHA!🌟
5- Locked $THE surges🚀 20.14% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 19.44%
⏫veTHE holders: 2.84%
Since Epoch 5️⃣2️⃣:
💹Locked $THE: 24.16%
📈veTHE: 24.13%
📊veTHE holders: 2.83%
🔒Avg Locked Duration is 1.81 years!
Top 5 Low Market Cap DeFi Projects with Potential to Explode on Binance
In the ever-evolving world of #decentralize finance (#DeFi ), finding the next big thing can be a daunting task. With so many projects emerging, it’s crucial to identify those with low market caps but high potential. Here, we spotlight five DeFi projects available on Binance that are poised to blow up in the near future. Dive in to discover your next investment opportunity!
1. Alpaca Finance ($ALPACA )
Market Cap: ~$60 million
What is it?
Alpaca Finance is a leading leveraged yield farming protocol built on Binance Smart Chain (#BSC! ). It allows users to earn amplified yields on their crypto holdings by providing leverage to yield farmers.
Why the Potential?
Strong Community: Alpaca Finance boasts a dedicated and growing community, which is critical for any DeFi project’s success.
Innovative Features: The platform's introduction of leveraged yield farming and staking pools has positioned it as a pioneer in the DeFi space.
Security: Alpaca Finance has undergone rigorous security audits, ensuring a safer environment for investors.
Key Takeaway: Alpaca Finance's innovative leverage features and strong community support make it a standout project with significant growth potential.
2. Cream Finance ($CREAM )
Market Cap: ~$30 million
What is it?
Cream Finance is a decentralized lending protocol for individuals, institutions, and protocols to access financial services. Built on Ethereum, it has expanded its services to Binance Smart Chain.
Why the Potential
Interoperability:Cream Finance supports multiple blockchains, including Ethereum and BSC, providing greater flexibility and reach.
Partnerships: Strategic partnerships with prominent DeFi platforms like Yearn Finance enhance its credibility and network effect.
Continuous Innovation: The team behind Cream Finance is constantly innovating, adding new features and services to attract more users.
Key Takeaway: Cream Finance's strong partnerships and multi-chain support position it as a versatile and promising DeFi project.
3. Bella Protocol ($BEL )
Market Cap: ~$20 million
What is it?
Bella Protocol aims to simplify the DeFi experience by offering a suite of user-friendly, open finance products. It includes automated yield farming, lending, and borrowing services.
Why the Potential?
User-Friendly: Bella Protocol focuses on making DeFi accessible to the average user, reducing the complexity associated with decentralized finance.
Institutional Support: Backed by Binance Labs, Bella Protocol has strong institutional support, which is crucial for long-term success.
Yield Optimization: The platform's automated yield farming feature optimizes returns for users, making it an attractive option for passive income.
Key Takeaway: Bella Protocol’s commitment to user-friendliness and strong backing from Binance Labs make it a DeFi project with significant growth potential.
4. Spartan Protocol (SPARTA)
Market Cap: ~$15 million
What is it?
Spartan Protocol is a liquidity and synthetic asset protocol built on Binance Smart Chain. It enables the creation of synthetic assets and incentivizes liquidity provision through yield farming.
Why the Potential?
Innovative Solutions: Spartan Protocol's synthetic asset creation and liquidity provision mechanisms offer unique value propositions in the DeFi space.
Active Development: The team is continuously improving the protocol, adding new features and enhancing existing ones.
Community Engagement: A robust community actively participates in governance and development, ensuring the protocol evolves to meet user needs.
Key Takeaway: Spartan Protocol's innovative approach to liquidity and synthetic assets, coupled with active community involvement, positions it as a DeFi project with explosive potential.
5. Wing Finance (WING)
Market Cap: ~$10 million
What is it?
Wing Finance is a credit-based lending platform designed for the DeFi market. It offers innovative solutions for borrowing and lending, incorporating credit scores to incentivize responsible borrowing.
Why the Potential?
Credit System: Wing Finance's unique credit scoring system sets it apart from traditional DeFi lending platforms, promoting responsible borrowing and lending.
Cross-Chain Capabilities: The platform supports cross-chain operations, enhancing its reach and usability across different blockchain ecosystems.
Growing Ecosystem: Wing Finance is part of the Ontology ecosystem, benefiting from Ontology's robust infrastructure and development support.
Key Takeaway: Wing Finance's innovative credit-based lending system and cross-chain capabilities make it a promising DeFi project with considerable growth potential.
Conclusion
Investing in DeFi projects with low market caps can be a high-risk, high-reward strategy. The five projects listed above—Alpaca Finance, Cream Finance, Bella Protocol, Spartan Protocol, and Wing Finance—are all available on Binance and show significant potential for explosive growth. As always, thorough research and due diligence are crucial before making any investment decisions. Keep an eye on these projects as they continue to develop and innovate in the DeFi space.
#Write2Earn! #DeFi #BinanceSquareFamily
1. Alpaca Finance ($ALPACA )
Market Cap: ~$60 million
What is it?
Alpaca Finance is a leading leveraged yield farming protocol built on Binance Smart Chain (#BSC! ). It allows users to earn amplified yields on their crypto holdings by providing leverage to yield farmers.
Why the Potential?
Strong Community: Alpaca Finance boasts a dedicated and growing community, which is critical for any DeFi project’s success.
Innovative Features: The platform's introduction of leveraged yield farming and staking pools has positioned it as a pioneer in the DeFi space.
Security: Alpaca Finance has undergone rigorous security audits, ensuring a safer environment for investors.
Key Takeaway: Alpaca Finance's innovative leverage features and strong community support make it a standout project with significant growth potential.
2. Cream Finance ($CREAM )
Market Cap: ~$30 million
What is it?
Cream Finance is a decentralized lending protocol for individuals, institutions, and protocols to access financial services. Built on Ethereum, it has expanded its services to Binance Smart Chain.
Why the Potential
Interoperability:Cream Finance supports multiple blockchains, including Ethereum and BSC, providing greater flexibility and reach.
Partnerships: Strategic partnerships with prominent DeFi platforms like Yearn Finance enhance its credibility and network effect.
Continuous Innovation: The team behind Cream Finance is constantly innovating, adding new features and services to attract more users.
Key Takeaway: Cream Finance's strong partnerships and multi-chain support position it as a versatile and promising DeFi project.
3. Bella Protocol ($BEL )
Market Cap: ~$20 million
What is it?
Bella Protocol aims to simplify the DeFi experience by offering a suite of user-friendly, open finance products. It includes automated yield farming, lending, and borrowing services.
Why the Potential?
User-Friendly: Bella Protocol focuses on making DeFi accessible to the average user, reducing the complexity associated with decentralized finance.
Institutional Support: Backed by Binance Labs, Bella Protocol has strong institutional support, which is crucial for long-term success.
Yield Optimization: The platform's automated yield farming feature optimizes returns for users, making it an attractive option for passive income.
Key Takeaway: Bella Protocol’s commitment to user-friendliness and strong backing from Binance Labs make it a DeFi project with significant growth potential.
4. Spartan Protocol (SPARTA)
Market Cap: ~$15 million
What is it?
Spartan Protocol is a liquidity and synthetic asset protocol built on Binance Smart Chain. It enables the creation of synthetic assets and incentivizes liquidity provision through yield farming.
Why the Potential?
Innovative Solutions: Spartan Protocol's synthetic asset creation and liquidity provision mechanisms offer unique value propositions in the DeFi space.
Active Development: The team is continuously improving the protocol, adding new features and enhancing existing ones.
Community Engagement: A robust community actively participates in governance and development, ensuring the protocol evolves to meet user needs.
Key Takeaway: Spartan Protocol's innovative approach to liquidity and synthetic assets, coupled with active community involvement, positions it as a DeFi project with explosive potential.
5. Wing Finance (WING)
Market Cap: ~$10 million
What is it?
Wing Finance is a credit-based lending platform designed for the DeFi market. It offers innovative solutions for borrowing and lending, incorporating credit scores to incentivize responsible borrowing.
Why the Potential?
Credit System: Wing Finance's unique credit scoring system sets it apart from traditional DeFi lending platforms, promoting responsible borrowing and lending.
Cross-Chain Capabilities: The platform supports cross-chain operations, enhancing its reach and usability across different blockchain ecosystems.
Growing Ecosystem: Wing Finance is part of the Ontology ecosystem, benefiting from Ontology's robust infrastructure and development support.
Key Takeaway: Wing Finance's innovative credit-based lending system and cross-chain capabilities make it a promising DeFi project with considerable growth potential.
Conclusion
Investing in DeFi projects with low market caps can be a high-risk, high-reward strategy. The five projects listed above—Alpaca Finance, Cream Finance, Bella Protocol, Spartan Protocol, and Wing Finance—are all available on Binance and show significant potential for explosive growth. As always, thorough research and due diligence are crucial before making any investment decisions. Keep an eye on these projects as they continue to develop and innovate in the DeFi space.
#Write2Earn! #DeFi #BinanceSquareFamily
THENA's Weekly Recap: Fees Triumph Over Incentives!
🚀
1- THENA volume erupts to $207M in Epoch 7️⃣2️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈95.61% volume increase since Epoch 5️⃣6️⃣!
🥉Rank #️⃣3️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.83B+
2- THENA's revenue skyrockets past $286K in Epoch 7️⃣2️⃣!🚀
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀103.82%% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣2️⃣ Highlights:
$
💸Fees: $198,626.52
💼Incentives: $87,418.68
💰Total Revenue: $286,045.20
🔥Accumulated Fees CRUSH Incentives in a historic first!
💸Fees: $9,715,114.40
💼Incentives: $9,687,735.01
💰Total Revenue: $19,402,849.41
Dominating as #BSC's #️⃣2️⃣ DEX by weekly fees & revenue!
3- Locked $THE surges🚀21.43% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 20.71%
⏫veTHE holders: 2.49%
Since Epoch 5️⃣2️⃣:
💹Lkd $THE: 25.60%
📈veTHE: 25.44%
📊veTHE holders: 2.47%
Vs last week:
⏫Lkd $THE: 0.29%
⏫veTHE: 0.97%
⏬Holders: 0.06%
🔒Avg Locked Duration is 1.81 years!
4- ALPHA Volume soars to $25.28M!🚀
💹38.87% vs last week!
💹323.19% vs Dec's volume!
💹189.85% vs April's volume!
🧩58.48% of Jan's volume!
🧩50.08% of Feb's volume!
🧩43.19% of March's volume!
📊Total traded since Dec: $192.28M+
Hop aboard the ALPHA express!🚆
5- Thena's ALPHA is now SUPERCHARGED by Orbs's Perpetual Hub!🔥
This revolutionary new architecture unlocks a new era of on-chain derivatives trading with:
💰Deeper liquidity!
💹Enhanced Capital Efficiency!
🏛️Decentralized, Reliable & Robust Price Oracle!
Experience the future of DeFi trading with ALPHA!🚀
🚀
1- THENA volume erupts to $207M in Epoch 7️⃣2️⃣!
🛡️Volume over $150M since Epoch 5️⃣7️⃣!
📈95.61% volume increase since Epoch 5️⃣6️⃣!
🥉Rank #️⃣3️⃣ DEX by weekly volume on #BSC!
📊Total traded volume: $10.83B+
2- THENA's revenue skyrockets past $286K in Epoch 7️⃣2️⃣!🚀
💫Surpassed $190k since Epoch 5️⃣7️⃣!
🚀103.82%% revenue increase since Epoch 5️⃣6️⃣!
Epoch 7️⃣2️⃣ Highlights:
$
💸Fees: $198,626.52
💼Incentives: $87,418.68
💰Total Revenue: $286,045.20
🔥Accumulated Fees CRUSH Incentives in a historic first!
💸Fees: $9,715,114.40
💼Incentives: $9,687,735.01
💰Total Revenue: $19,402,849.41
Dominating as #BSC's #️⃣2️⃣ DEX by weekly fees & revenue!
3- Locked $THE surges🚀21.43% since Epoch 5️⃣6️⃣, driving⚡️:
⏫veTHE: 20.71%
⏫veTHE holders: 2.49%
Since Epoch 5️⃣2️⃣:
💹Lkd $THE: 25.60%
📈veTHE: 25.44%
📊veTHE holders: 2.47%
Vs last week:
⏫Lkd $THE: 0.29%
⏫veTHE: 0.97%
⏬Holders: 0.06%
🔒Avg Locked Duration is 1.81 years!
4- ALPHA Volume soars to $25.28M!🚀
💹38.87% vs last week!
💹323.19% vs Dec's volume!
💹189.85% vs April's volume!
🧩58.48% of Jan's volume!
🧩50.08% of Feb's volume!
🧩43.19% of March's volume!
📊Total traded since Dec: $192.28M+
Hop aboard the ALPHA express!🚆
5- Thena's ALPHA is now SUPERCHARGED by Orbs's Perpetual Hub!🔥
This revolutionary new architecture unlocks a new era of on-chain derivatives trading with:
💰Deeper liquidity!
💹Enhanced Capital Efficiency!
🏛️Decentralized, Reliable & Robust Price Oracle!
Experience the future of DeFi trading with ALPHA!🚀
🚀 Ready for the BSC Meme Run? 🚀
It's time to buckle up, Binance fam! Curious about how to navigate the BSC meme run like a pro? We've got you covered! Join dappOS and Four as they drop some major alpha on what's coming and how to position yourself for success! 📊💰
Hosted by none other than @Web3 Live , this is one AMA you won't want to miss!
September 5th, 2:30 PM UTC
Set your reminders now: [Join the AMA](https://twitter.com/i/spaces/1rmxPoVMAMqJN)
Get your strategies ready and be part of the action—this meme run could be a game-changer! 💥🚀
#dappOSTheFutureofIntents #BinanceWeb3Wallet #CryptoVibes #BinanceLive_AMA #BSC! @dappOS_com
It's time to buckle up, Binance fam! Curious about how to navigate the BSC meme run like a pro? We've got you covered! Join dappOS and Four as they drop some major alpha on what's coming and how to position yourself for success! 📊💰
Hosted by none other than @Web3 Live , this is one AMA you won't want to miss!
September 5th, 2:30 PM UTC
Set your reminders now: [Join the AMA](https://twitter.com/i/spaces/1rmxPoVMAMqJN)
Get your strategies ready and be part of the action—this meme run could be a game-changer! 💥🚀
#dappOSTheFutureofIntents #BinanceWeb3Wallet #CryptoVibes #BinanceLive_AMA #BSC! @dappOS_com
