BNB Chain news march week 4

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.

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.

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.

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).

$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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