Last week, there were updates and developments from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz covers some important updates from the last week of February.
This week’s BNB Chain weekly updates article will cover Chainlink VRF v2 launch on BNB Chain. Also, the BNB Chain DeFi weekly report. Let’s take a look at the latest updates.
1 – Chainlink VRF v2 Goes Live on BNB Chain
During the week, Chainlink VRF v2 officially went live on the BNB Chain in an attempt to improve users’ experience. This improved version is for interested developers in secured and configurable RNG product. Also, giving developers improved scalability, cost-efficiency, and flexibility.
In addition, this new version of Chainlink VRF makes it possible for users to choose the callback gas limit based on the needs of their dApp. Therefore, smart contracts will be able to carry out more complex smart contract logic in a transaction that gives verifiable randomness to their application. Notably, the callback gas limit can be up to 2.5 million gas, this is 10x more than VRF v1.
.@chainlink VRF v2 is now live on #BNBChain🤩
The new and enhanced version of the industry-standard on-chain RNG is here, providing developers with increased scalability, flexibility, and cost-efficiency.
1/7 🧵on #Chainlink VRF v2
— BNB Chain 🔶 (@BNBCHAIN) February 25, 2022
Besides, this initiative is part of a growing relationship that exists between BNB Chain and Chainlink.
2 – Top-Performing dApps on the BNB Chain Ecosystem
In addition, in terms of transaction volume, dApps exists on the BNB Chain ecosystem. The report covers a seven-day timeframe, and it’s as follows:
- PancakeSwap ($CAKE) holds the top spot in the report. It has a total of $1.91 billion in transaction volume within the timeframe.
- Venus Protocol ($XVS) appears in second place with the sum of $1.32 billion in transaction volume within the timeframe.
- Alpaca Finance ($ALPACA) is in third place with the sum of $1.18 billion in transaction volume within the timeframe.
- top follows closely in fourth place. It has a total of $1.04 billion in transaction volume within the timeframe.
- Biswap ($BSW) takes the last spot among the top five. It has a total of $950.83 million in transaction volume within the timeframe.
Top BSC Dapps By Transaction Volume 7 Days$CAKE @PancakeSwap$XVS @VenusProtocol$ALPACA @AlpacaFinance@solo_top$BSW @Biswap_Dex$BANANA @ape_swap$CREAM @CreamdotFinance$ACSI @acryptosdao
$1INCH @1inch#BSC pic.twitter.com/Ln6ZOvOLxV— BSCDaily (@bsc_daily) February 22, 2022
3 – Top DeFi Projects on BNB Chain
Finally, we’ll have a look at the BNB Chain report of the best DeFi projects from last week. According to the report:
- PancakeSwap ($CAKE) is ranked first with a Total Value Locked (TVL) of $4.82 billion.
- Venus Protocol ($XVS) is in second place with a Total Value Locked (TVL) of $1.46 billion.
- Tranchess ($CHESS) is third, with a Total Value Locked (TVL) of $0.75 billion.
Within the week, there was also a total of 12.65 million transactions. As well as, $11.83 billion in Total Value Locked (TVL).
Your weekly #BNBChain report for #DeFi ⬆️
Top 5 projects of the past week
1. @PancakeSwap
2. @VenusProtocol
3. @Tranchess
4. @Ellipsisfi
5. @AlpacaFinance pic.twitter.com/re2AZBkf8Z— BNB Chain 🔶 (@BNBCHAIN) February 25, 2022
$BNB Coin Price Outlook
As of the time of writing this article, the price of BNB is $375.14 with a 24-hour trading volume of $1.03 billion. Also, the price of BNB price increased by 0.2% over the last 24 hours. Besides, it has a circulating and total supply is 168 million tokens.
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