Every week, there are new updates from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz selects some of the important updates from the fourth week of March.
Last week, Venus Protocol announced integration with Coinbase Wallet. In addition, the BNB Chain ecosystem acquired stakes in PearDAO. Let’s take a look at the BNB Chain news.
1 – Venus Protocol Integrates Coinbase Wallet
BNB Chain-based lending platform, Venus Protocol, announced its integration with Coinbase Wallet. With this integration, Venus joins the growing list of decentralized applications on Coinbase Wallet.
Besides, this development makes it possible for Coinbase Wallet users to leverage its liquidity pool for low-cost, fast, and secure transactions.
You can now connect to @VenusProtocol with your @CoinbaseWallet 🤩 https://t.co/nEAt4cjgwl
— BNB Chain 🔶 (@BNBCHAIN) March 24, 2022
2 – BNB Chain Fund Invests in PearDAO
During the week, reports revealed that the BNB Chain Growth Fund has secured stakes in PearDAO, a decentralized marketplace that ensures full control by the people. Notably, the goal of this decentralized marketplace is to complement decentralized and centralized exchange.
According to the announcement, this is possible by exchanging value for off-chain, on-chain, and cross-chain ecosystems, at once. Accordingly, this investment will help PearDAO and the BNB Chain ecosystem to reach less accessible regions.
#BNBChain Fund continues supporting projects, and the latest on the list is @OfficialPearDAO 🍐
Read about the latest investment ⤵️https://t.co/mwpYXJj6mT
— BNB Chain 🔶 (@BNBCHAIN) March 24, 2022
3 – Top Gainers on the BNB Chain Ecosystem
In addition, we will cover the price performance of the tokens existing on the BNB Chain ecosystem for 27th March. The CoinGecko report is as follows:
- Zilliqa ($ZIL) recorded the most price performance for the day. The token had a 65% rate of increase in price performance.
- Radio Caca ($RACA) also had a 24.4% rate of increase in price-performance for the day.
- Faraland ($FARA) is ranked third for the day with a 10.8% rate of increase in price performance.
- Ontology Network ($ONT) and Everipedia ($IQ) are joint fourth with a 9.9% rate of increase in price performance.
TOP GAINERS IN #BNBCHAIN ECOSYSTEM LAST 24 HOURS🚀
🥇 $ZIL @zilliqa
🥈 $RACA @RadioCacaNFT
🥉 $FARA @faraland_io $ONT @OntologyNetwork $IQ @everipedia $DODO @BreederDodo $HE @HeroesEmpires $DXCT @dnaxcat_game $ELMON @ElemonGame
$C98 @coin98_wallet 🔥#BSC #BNB $BNB pic.twitter.com/2MmdTMLjgY— BSCDaily (@bsc_daily) March 27, 2022
4 – Performance of DeFi Projects on BNB Chain
In addition, we will go through the performance of DeFi projects on the ecosystem from last week. Based on last week’s performance:
- Biswap ($BSW) had the best performance with $494.90 million in Total Value Locked (TVL).
- Stargate ($STG) is in second place with a Total Value Locked (TVL) of $478.25 million.
- Beefy (BIFI) completes the top three for this week with a Total Value Locked (TVL) of $131.20 million.
Besides, there was a total of 10.85 million completed transactions during the week. As well as, $12.6 billion in Total Value Locked (TVL).
Weekly #DeFi report just dropped!🤩
Top 3 DeFi on #BNBChain@Biswap_Dex@StargateFinance @beefyfinance
🔥Trending project of the week@StargateFinance pic.twitter.com/VCu8cAbj5B
— BNB Chain 🔶 (@BNBCHAIN) March 25, 2022
$BNB Coin Price Outlook
As of the time of publication, the price of BNB was $434.45 with a 24-hour trading volume of $1.3 billion. Also, the price of BNB rose by 4.4% over the last 24 hours. Besides, it has a circulating and total supply of 168.1 million BNB tokens.
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