There are updates from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz provides some updates from the fourth week of April.
Last week, Unbound Finance announced plans to launch on BNB Chain. We also cover the weekly performance of BNB Chain DeFi projects. Let’s take a look at these BNB Chain Updates.
1 – Unbound Finance to Launch on BNB Chain
During the week, Unbound Finance revealed it will become available on the BNB Chain ecosystem on the 15th of May.
Besides, this is an interesting addition to the BNB Chain ecosystem as Unbound Finance is a decentralized, cross-chain protocol. It utilizes the liquidity of the AMMs to improve the efficiency of the DeFi space, via the liquidity pool token (LPTs).
📢@unboundfinance is delighted to announce that they will launch on #BNBChain on May 15th🥳
It's getting closer!🔥💪
Let's take a note of this exciting event and hop in!#Unbound #Launching #UNB pic.twitter.com/BPJoGZmxAS
— BSCDaily (@bsc_daily) April 22, 2022
2 – BNB Chain Ecosystem Top Gainers
Moreover, during the week, a CoinGecko report revealed the top gainers (price-performance) on the BNB Chain ecosystem. Besides, the report covers a seven-day period and it’s as follows:
- InsurAce.io Protocol ($INSUR) has the best price-performance within the seven-day timeframe. It experienced a 42% rate of increase in price performance.
- Annex Finance ($ANN) has the second-best price performance. It recorded a 40.4% rate of increase in price performance within the seven-day timeframe.
- Shiba Doge ($SHIBDOGE) comes in third place. It has a 32.1% rate of increase in price-performance within the seven-day timeframe.
- WIRTUAL ($WIRTUAL) is in fourth with a 30.6% rate of increase in price-performance within the seven-day timeframe.
- Dogelon Mars ($ELON) completes the top five. It has a 28.1% rate of increase in price-performance within the seven-day timeframe.
TOP GAINERS IN #BNBCHAIN ECOSYSTEMLAST 7 DAYS🚀
🥇 $INSUR @InsurAce_io
🥈 $ANN @AnnexFinance
🥉 $SHIBDOGE @RealShibaDoge
$WIRTUAL @WIRTUALapp $ELON @dogelonmars $ZORO @ZoroToken $TITANO @TitanoFinance $MOVE @MarketMoveAI $KODA @coinkoda $REVO @RevomonVR #BNB #BSC #P2E pic.twitter.com/0HYKHNgpXw— BSCDaily (@bsc_daily) April 24, 2022
3 – BNB Chain DeFi Projects Weekly Performance
Finally, we’ll cover the performance of BNB Chain DeFi projects. Notably, this week’s report states that:
- PancakeSwap ($CAKE) had the most TVL (Total Value Locked) at the close of the week. It had $5.04 billion in TVL and a 2.7% WOW performance.
- Biswap ($BSW) holds the second-most TVL on the report. It had $774 million in TVL and a 7.0% WOW performance.
- Valas Finance ($VALAS) is also third on the list with $307 million in TVL and a 53% WOW performance.
Besides, the ecosystem had 33.35 million transactions during the week. As well as, 13.29 billion in Total Value Locked (TVL).
Weekly #DeFi report just dropped!🤩
Top Trending DeFi projects on #BNBChain@PancakeSwap@Biswap_Dex @Valasfinance
🔥Trending project of the week@Biswap_Dex pic.twitter.com/3b3ZHjrTdr
— BNB Chain 🔶 (@BNBCHAIN) April 22, 2022
$BNB Coin Price Outlook
Finally, as of the time of publishing this article, the price of BNB was at $387.04 with a 24-hour trading volume of $1,56 billion and a marketcap of $65 billion. BNB price also dropped by 4.1% over the last 24 hours. Besides, it has a circulating and total supply of 168 Million BNB coins.
We hope you’ve enjoyed the latest BNB Chain news.
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