Every week, there are updates and developments from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz covers some important updates from the second week of March.
From last week, limit orders became available on PancakeSwap. In addition, we cover the performance of decentralized applications on the BNB Chain. Let’s take a look at the BNB Chain news.
1 – BNB Chain-Supported dApps Among Most-Used dApps
During the week, a DappRadar report showed that three BNB Chain-supported dApps were among the five most-used dApps (over a seven-day period). These dApps were:
- PancakeSwap ($CAKE) with 1.1 million users.
- Alien Worlds with 290.46k users.
- MOBOX: NFT Farmer with 182.98k users.
Three out of the top five most-used dApps over the past 7 days are running on #BNBChain🔶
Shoutout to @PancakeSwap @AlienWorlds & @MOBOX_Official 🥳
Source @DappRadar pic.twitter.com/FPV3y9bFPm
— BNB Chain 🔶 (@BNBCHAIN) March 10, 2022
2 – Users Can Now Access Limit Orders on PancakeSwap
BNB Chain-supported, PancakeSwap, is partnering with Gelato Network to launch Limit Orders on its platform.
Besides, it’s important to note that limit orders make it possible for users to create token swaps that are filled when the market price equals the chosen price.
📝🔁 Limit Orders are now available on #PancakeSwap !
Brought to you by the collaboration between PancakeSwap and @gelatonetwork. Limit orders allow you to set up token swaps that will be filled when the market price matches the desired price.
👉 https://t.co/sGtKKhBdjj pic.twitter.com/3YfFsEwAlm
— PancakeSwap 🥞 #BSC (@PancakeSwap) March 8, 2022
3 – dApps Performance on the BNB Chain
According to a dApp report, the performance of decentralized applications existing on the BNB Chain ecosystem are as follows:
- Venus Protocol ($XVS) enjoyed the most transaction volume. It had a total of $1.25 billion within a seven-day timeframe.
- PancakeSwap ($CAKE) is in 2nd place with a total of $1.13 billion in transaction volume within a seven-day timeframe.
- Alpaca Finance ($ALPACA) is 3rd with a total of $660.87 million in transaction volume within a seven-day timeframe.
- Biswap ($BSW) is 4th with a total of $500.31 million in transaction volume within a seven-day timeframe.
- MDEX BSC makes the top five. It has a total of $150.91 million in transaction volume within the seven-day timeframe.
Top BSC Dapps By Transaction Volume 7 Days$XVS @VenusProtocol$CAKE @PancakeSwap$ALPACA @AlpacaFinance$BSW @Biswap_Dex@solo_top$CREAM @CreamdotFinance$ACSI @acryptosdao$BANANA @ape_swap$MDX @Mdextech$FOR @ForTubeFi#BSC pic.twitter.com/eQktU1Ki7D
— BSCDaily (@bsc_daily) March 8, 2022
4 – Weekly Performance of BNB Chain DeFi Projects
Finally, we’ll cover the BNB Chain ranking of DeFi projects from last week. Based on the report:
- PancakeSwap ($CAKE) had the best performance with $4.3 billion in Total Value Locked (TVL).
- Venus Protocol ($XVS) has the second-best performance with $1.52 billion in Total Value Locked (TVL).
- Alpaca Finance ($ALPACA) has the third-best performance with $0.75 billion in Total Value Locked (TVL).
- Tranchess ($CHESS) takes fourth place with $0.62 billion in Total Value Locked (TVL).
In addition, 9.74 million transactions were completed during the week. There is also $11.67 billion in Total Value Locked (TVL).
Weekly #BNBChain DeFi report👇
Top 5 this week:@PancakeSwap @VenusProtocol @AlpacaFinance @Tranchess @Ellipsisfi pic.twitter.com/mHGFhEke1v
— BNB Chain 🔶 (@BNBCHAIN) March 11, 2022
$BNB Coin Price Outlook
As of the time of publication, the BNB price was $368.30 with a 24-hour trading volume of $1.15 billion. BNB price also dropped by 1.9% over the last 24 hours. Besides, it has a circulating and total supply of 168 million BNB coins.
We hope you’ve enjoyed from the latest BNB Chain news.
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