After last week’s activities, there are updates from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz covers some of the updates from the third week in February.
In this week’s article, Binance Smart Chain (BSC) rebrands to BNB Chain. Among other updates, BNB Chain announced the launch of the DeFi League. Let’s take a look at the latest updates.
1 – BSC Rebrands to BNB Chain
During the week, the Binance Smart Chain (BSC) announced it will rebrand to the BNB Chain ecosystem. Notably, the Binance Smart Chain (BSC), Binance Chain, and the $BNB utility token make up the new BNB Chain ecosystem.
This development will give BNB Chain more opportunities for innovations, developments, and adoption, it’s also expected to continue the previous BSC programs and initiatives.
The next step in the evolution of #BSC is here🤩
A new blockchain ecosystem designed for the age of MetaFi, powered by the BNB token.
BSC is now #BNBChain🔶
⏬Read the announcement⏬https://t.co/KaRPBF1UJP
— BNB Chain 🔶 (@BinanceChain) February 15, 2022
2 – BNB Chain Launch DeFi League
After rebranding to BNB Chain, the platform is launching the first initiative dubbed “the DeFi League”. This initiative involves a group of projects working together to develop a collaborative community. Also, it will improve innovations, improving security for users, data and assets.
#BNBChain DeFi League is here! 🔥
A joint effort of leading #DeFi projects who teamed up to boost innovation, security, and grow the community.
DeFi League will bring together visionary teams to tackle the challenges and opportunities in decentralized finance.
Thread below👇 pic.twitter.com/kMwRdKVlXy
— BNB Chain 🔶 (@BinanceChain) February 16, 2022
Besides, the league has 13 renowned founding members, they are:
- Venus Protocol
- Deri Protocol
- Celer Network
- Alpaca Finance
- LayerZero Labs
3 – Safest Score of BNB Chain Projects
Also, Certik reported about the safety score of BNB Chain projects. According to the report:
- PancakeSwap ($CAKE) and Biswap ($BSW) are joint top with a safety score of 96.
- Metahero ($HERO) and Swipe ($SXP) are next with a safety score of 95.
- MOBOX ($MBOX) is next with a safety score of 94.
TOP PROJECTS WITH HIGHEST SAFETY SCORE ✅@PancakeSwap $CAKE@Biswap_Dex $BSW@Metahero_io $HERO@Swipeio $SXP@MOBOX_Official $MBOX@bakery_swap $BAKE@AlpacaFinance $ALPACA@ForTubeFi $FOR@VCGamers_io @safemoon $SFM#BSC pic.twitter.com/hi4QOqQOtv
— BSCDaily (@bsc_daily) February 15, 2022
4 – BNB Chain Projects by Altrank
During the week, a LunarCrush report revealed the latest rankings of BNB Chain projects by Altrank. Based on the report:
- Feed Every Gorilla ($FEG) is the top-rated BNB Chain project in 4th place.
- Position Token ($POSI) is the second-rated BNB Chain project in 9th place.
- EverRise Inu ($RISE) is the third BNB Chain project and in 10th place.
- PancakeSwap ($CAKE) is the fourth BNB Chain project and just outside the top ten in 12th place.
TOP BSC PROJECTS BY ALTRANK ‼@FEGtoken $FEG@PositionEx $POSI@EverRise $RISE@PancakeSwap $CAKE@Metahero_io $HERO@catecoin $CATE@beefyfinance $BIFI@yooshi_official $YOOSHI@travalacom $AVA@BinemonNft $BIN#BSC pic.twitter.com/AAMtDb1ifx
— BSCDaily (@bsc_daily) February 14, 2022
5 – dApps Performance on the BNB Chain Ecosystem
Finally, according to the dApp report showing the performance of dApps based on the BNB Chain in terms of transaction volume. The report is based on a seven-day timeframe:
- PancakeSwap ($CAKE) is 1st in terms of transaction volume with $2.6 billion within a seven-day timeframe.
- Venus Protocol ($XVS) is 2nd with $1.19 billion in transaction volume within a seven-day timeframe.
- Biswap ($BSW) is 3rd with $1.02 billion in transaction volume within a seven-day timeframe.
- The top is 4th with $467.87 million in transaction volume within a seven-day timeframe.
Top BSC Dapps By Transaction Volume 7 Days 😍$CAKE @PancakeSwap$XVS @VenusProtocol$BSW @Biswap_Dex@solo_top$MDX @Mdexswap$ALPACA @AlpacaFinance$BANANA @ape_swap
$1INCH @1inch$ACSI @acryptosdao$DODO @BreederDodo#BSC pic.twitter.com/HRA9dYhoiP
— BSCDaily (@bsc_daily) February 15, 2022
$BNB Price Outlook
As of the time of publication, the price of BNB is currently trading at $393.43 with a 24-hour trading volume of $1.1 billion. Also, the price of BNB increased by 3.0% over the last 24 hours. Besides, it has a circulating and total supply of 168.1 Million BNB coins.
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