“Binance Smart Chain is becoming an important hub for developers looking to build applications, as demonstrated by the number of DeFi and NFT projects launched on the platform,” said Aaron Henshaw, CTO of Bison Trails.
3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance
Tranchess is live on the Binance SmartChain with a Bitcoin tracking token and yield farming options for investors.
Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects
Binance is set to match bug bounties paid by Immunefi to white hat hackers that discover vulnerabilities in Binance Smart Chain projects.
Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve
ALPHA price turned bullish shortly after the project introduced staking, simplified farming options and a launchpad for new blockchain projects.
Huobi Eco Chain’s TVL surges to $2.7b, but two DApps represent 86% of locked assets
The decentralized exchange Mdex and yield aggregator Filda represent roughly $2.4 billion of Heco’s $2.7 billion TVL combined.
Belt Finance loses millions in latest BSC-based DeFi exploit
Another day, another BSC DeFi protocol gets hacked.
Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit
The latest in a recent spate of decentralized finance hacks.
CipherTrace expands to cover Binance Smart Chain amid wave of exploits
Binance beefs up blockchain analytics amid a surge in DeFi exploits.
Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin.
Binance Smart Chain-based DeFi platform suffers $3M flash loan attack
Funds are safe, Bogged Finance assured after the exploit.
PancakeBunny tanks 96% following $200M flash loan exploit
PancakeBunny is the latest Binance Smart Chain-native DeFi protocol to suffer a vicious exploit, with more than $200 million being drained from the platform.
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.
$50M reportedly stolen from BSC-based Uranium Finance
Uranium Finance joins the growing list of hacked projects on the Binance Smart Chain network.
These 3 Altcoins on Binance Smart Chain Could Skyrocket, Says Lark Davis
Popular crypto YouTuber Lark Davis talked about Binance Smart Chain (BSC) many opportunities for investors. With its low fees and fast transactions, Davis believes this ecosystem provides the kind of experience that the people want.
BSC flagship product PancakeSwap (CAKE) has given its competitor a run for their money and even managed to “eclipse Ethereum” in terms of transaction volume, according to Davis. The analyst cited data from DappRadar that claims BSC outperformed Ethereum on this metric, at least for a 24-hour period.
PancakeSwap experienced an all-time high number of users during the past week and registered some issues due to the high congestion. Davis said:
Binance Smart Chain hit a an all-time of 8.5 million transactions. I think it is pretty obvious what we are seeing right here. People want exposure, they want to get into DeFi. They want to get into crypto and use the different products.
The analyst reiterated Ethereum’s disadvantages and the high number of users that have been price out of the platform. When it comes to adoption, the “numbers speak for themselves”. PancakeSwap’s native token trading volume sits at $1.1 billion in the daily chart. Ethereum DEX Uniswap record a similar number but has been lagging behind its competitor. David added:
I suspect that we’re going to continue to see Pancakeswap moving up the charts and becoming a more and more prominent decentralized exchange. The users are there. The daily volume’s there. Just the market cap is a bit behind in comparison to Uniswap which only does half the daily volume right now.
Binance Smart Chain (BSC) Expansion And New Opportunities
This ecosystem is anything but static and will be making an entry into other crypto trends, like non-fungible tokens (NFT). For that, they will launch the BSC Station to allow users to do auctions for these assets to a “wide” audience. The platform will also integrate a BSC Swap feature along with the NFTs.
This development will be supported by Morningstar Ventures, NGC, BSCPad, x21, and many others. Its growth could positively impact PancakeSwap (CAKE), and the other projects on Davis’ list, Refinable (FINE), and Smoothy Finance (SMTY).
Refinable seeks to leverage the NFT’s nascent period. Davis believes this project could “get a good share of the market”. The platform is supported by Mr. Beast, a YouTuber with 60.4 million subscribers, in cooperation with Binance.
The platform’s native token FINE will give power to their holders, the NFTs creators trading on Refinable. For example, FINE holders can increase the royalties and distribution of an asset and participate in the governance model.
Davis’ second project, Smoothy Finance (SMTY) is also doing some “serious stuff”. Users can leverage their swap feature with 0 slippages to trade different dollar-pegged coins. Davis added:
(…) this is the infrastructure that actually allows DeFi to work in a smooth fashion for people. It allows it to be a good user experience where you’re not getting crushed on fees, you’re not getting crushed on slippage and so this kind of product actually allows users to have that nice user experience.
Binance native token BNB is trading at $500 moving sideways in the daily chart. In the weekly and monthly chart, BNB has a 3.1% loss and a 113% gain in respectively.
PancakeSwap eclipses Ethereum network in 24-hour transactions
Transactions on the Binance Smart Chain are exploding, with PancakeSwap leading the way.
PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance
PancakeSwap has emerged as one of the top DeFi platforms and its Binance Smart Chain integration makes it a liquidity magnet against competitors like Uniswap and SushiSwap.
Binance Smart Chain’s TurtleDex rugpulls shortly after launch
The file storage project has all the markings of a rugpull, but will investors be able to get their funds back?
Ankr gains 137% after becoming the top validator on Binance Smart Chain
Improving fundamentals, new partnerships and a key integration with Binance Smart Chain back Ankr’s recent 137% rally.