BSC news february week 1

After every week, there are usually updates from the Binance Smart Chain (BSC) ecosystem. To keep readers informed, Altcoin Buzz covers some of the updates from the first week in February 2022.

Last week, a report showed that the BSC had the most active blockchain addresses. In addition, we’ll take a look at CoinMarketCap’s ranking of Binance Smart Chain (BSC) projects. Let’s take a look at the latest updates.

1 – BSC-supported Projects Ranks Amongst Top DeFi dApps

During the week, a DappRadar report revealed the top 10 decentralized applications (dApp) by trading volume over 30 days. According to the report:

  • PancakeSwap ($CAKE) leads the way with a trading volume of $73.4 billion.
  • Biswap ($BSW) is fourth on the list and the second BSC project. It has a trading volume of $15.4 billion.
  • 1inch Network ($1INCH) is fifth on the list with a trading volume of $11.7 billion.
  • Venus Protocol ($VENUS) is sixth on the list with a trading volume of $9.11 billion.
  • ApeSwap ($BANANA) also appears on the list in ninth place, with a trading volume of $6.65 billion.
  • DODO ($DOD) also takes a place among the top ten projects with a trading volume of $5.61 billion.

2 – BSC Holds Most Active Chain Addresses

Last week, crypto analytics platform, Nansen, revealed the most active blockchain addresses over the last 30 days. Notably, the report shows that the Binance Smart Chain (BSC) ecosystem has the most active addresses with 10.4 million addresses.

3 – CMC’s Top Binance Smart Chain Projects

The BSC ecosystem had an impressive performance last year and it’s currently one of the top DeFi platforms. Thus, CoinMarketCap (CMC) covers the top projects on the BSC ecosystem:

  1. Binance Coin (BNB)
  2. PancakeSwap
  3. Chainlink
  4. Baby DogeCoin
  5. Venus Protocol
  6. Swipe
  7. Tranchess

$BNB Price Outlook

At the time of writing this article, the price of BNB is $423.35 with a 24-hour trading volume of $1,2 billion. BNB price also rose by 1.2% over the last 24 hours. Besides, it has a circulating and total supply of 168 million tokens.

We hope you’ve learned from the latest BSC Updates.

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Furthermore, find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.


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