Amidst worldwide regulatory scrutiny against Binance and other crypto centralized finance (CeFi) service providers, the BNB Chain (formerly Binance Smart Chain) has seen close to $2 billion in outflows from its decentralized finance (#DeFi) ecosystem in 2023.Interestingly, Changpeng Zhao (CZ), Binance CEO, had predicted DeFi would outperform CeFi in the next bull run.Binance’s CEO prediction was made live in X Space’s ‘Ask Me Anything’ (#AMA ) session on September 3, where CZ talked about the challenges his company was facing, but also other regulatory matters related to DeFi platforms.However, numbers related to Zhao’s most relevant holdings on the BNB Chain (BNB) native token can pose even more challenges for the crypto-billionaire’s vision for the cryptocurrency market, and Binance’s success in a rumored new focus on the decentralized finance sector.Data retrieved by Finbold from DefiLlama on October 7, shows a loss of $1.85 billion in the total value locked (TVL), year-to-date (YTD) for the BNB Chain. With a registered total value invested of $4.65 billion by January 1, 2023, to around $2.8 billion TVL at the time of publication.BNB Chain (formerly BSC, or Binance Smart Chain) TVL on DeFi. Source: DefiLlamaBNB Chain DeFi protocols are losing TVLTVLNotably, the two leading DeFi protocols on the BNB Chain — PancakeSwap (#CAKE) and Venus (#XVS) — dominate the majority of the total value invested, currently with $1.27 billion and $608.46 million TVL, respectively. Both are also respectively registering outflows of 1.52% and 7.18% in the last 30 days.TVL of the top 5 DeFi protocols on BNB Chain. Source: DefiLlamaInterestingly, the third biggest DeFi protocol by total value locked is actually accounting for ‘Binance staked (#ETH ) ather than in BNB. Therefore, accruing value for the former chain, as investors are just using CZ’s structure while picking ether for staking to receive their passive income.BNB price analysisanalysisBNB price analysisIt is also important to say that the BNB tokens have lost 13.8% of their value YTD. With a starting trading price of $246.66 on January 1, to a current trading price of $212.62 by press time.BNB year-to-date price chart. Source: FinboldThe TVL metric was also impacted by this value loss, considering the total value is measured in USD by DefiLlama, despite being invested in BNB. Nevertheless, there are also fewer BNB tokens locked into its chains’ protocols since the start of 2023.

The beauty of this Blockchain space is that, there too many ways of making it even without trading. Most times, all you need is the willingness to make it.

You don't need to be a badass coder as most people think or say, coding is not the only way out.

In today's guide I'll show you a very good strategy to make more than $10,200 monthly and this has helped me a lot. Most importantly, this works for newbies too.

Steps 🧠

1. The AMA Strategy

This is one of the most underrated strategies of all time in the crypto space, with users missing out on the importance and benefits.

For those who don't know, AMA stands for "Ask Me Anything" or Any Questions. This is an opportunity for individuals to participate in a live session, usually via group calls, live streams and group chats too.

2. AMAs are usually incentivised to keep the listeners or community members engaged and active.

3. Binance AMAs can go as high as $50,000 rewards, depending on the AMA Partners.

The usual range is from $500 and above.

What To Do 🤔

1. Follow #Binance communities on all social media platforms. For those who don't know, Binance has it's communities in different languages and according to each products too : Binance Charity, Binance Africa, Binance academy etc...

2. Set an alarm and make sure to know that most AMAs require users to ask meaningful questions.

3. Drop 5 to 10 questions on the AMA channel immediately it goes live and also make sure to have them copied in your clipboard as this could be a rat race (other users asking too).

4. Invite your friends to join too, this could help as sometimes, you might lose out but your friends might win. Also, there are chances of you all winning 🎉

5. To maximize on this strategy, look out for other personal #AMA s organized by projects such as $SOL , $SAND , Mana, $APE , Sui, Arbitrum etc...

♥️...💱...♥️

Finally, you can see that the #reward or #airdrop is dependent on the projects itself. Being early and active is one strategy that helps a lot. #crypto2023 is still very much fruitful if you start putting in the knowledge.

Take action now, go search for ongoing AMAs and write 10 to 100 down, then start attending 🔥💹

If you need more tips like these, let me know below 👇

Have you ever benefited from AMA before ?

Follow 🛑 Like 🛑 Share Post Too 🛑

NB:

Prices of the AMA are on the pictures above.

Stay safu and always dyor 🛑

As bulls and bears continue to fight over the price trend for Bitcoin (BTC), the flagship decentralized finance (DeFi) asset has been recording increased ‘hodling’ behavior by its whales and sharks, but these users have nonetheless grown their holdings by a massive amount over the past two months.

Specifically, cryptocurrency wallets holding between 10 and 10,000 BTC were holding steady during the final days of May, but their coffers have still grown larger by 93,000 BTC during the last seven weeks, as per the data presented by crypto analytics platform Santiment on May 29.

Careful accumulation

According to the platform’s team, these accumulations have taken place after Bitcoin prices started to decline from their local top in mid-April, and, as of May 29, the percentage of BTC held by these users stood at 66.75%, compared to 66.40% around April 12.

At the same time, as the Bitcoin price has fluctuated between $26,000 and $30,000 over the past month, the BTC sharks and whales (the largest investors in the crypto market) have noticed the volatility trend and appeared “to be staying cautious.”

#BinanceTournament #googleai #AMA #bitcoin #news