Following last week’s activities, there are updates from the Binance Smart Chain (BSC) ecosystem. To keep readers informed, Altcoin Buzz covers some of the updates from the second week in February.
In this week’s BSC updates article, we’ll discuss some performance indicators of the Binance Smart Chain (BSC) ecosystem. In addition, a Web3 ecosystem will be getting funding from the BSC $1B growth fund. Let’s take a look at the latest updates.
1 – Top-rated dApps on the BSC Ecosystem
Firstly, we will take a look at a dApp report that shows the performance of BSC-supported dApps in terms of transaction volume. The report is based on a seven-day period and here are some of them:
- PancakeSwap ($CAKE) has the most transaction volume with $2.6 billion within a seven-day timeframe.
- Alpaca Finance ($ALPACA) is in the second spot with $1.11 billion in transaction volume.
- Biswap ($BSW) is third with $1 billion in transaction volume.
- Solo.top is in fourth place with $998.44 million in transaction volume.
- Venus Protocol ($XVS) is in fifth place with $962.2 million in transaction volume.
TOP BSC DAPPS BY TRANSACTION VOLUME LAST 7 DAYS ‼$CAKE @PancakeSwap$ALPACA @AlpacaFinance$BSW @Biswap_Dex@solo_top$XVS @VenusProtocol$MDX @Mdexswap$BANANA @ape_swap$ACSI @acryptosdao
$1INCH @1inchNetwork$CREAM @CreamdotFinance#BSC pic.twitter.com/cPFUnHBHjO— BSCDaily (@bsc_daily) February 8, 2022
2 – BSC Projects TVL Performance
During the week, we got a BSCProject report that shows the weekly TVL (Total Value Locked) performance of projects on the Binance Smart Chain (BSC) ecosystem.
- ForTube ($FOR) had the best performance with a 667.75% increase and $302.03 million in TVL.
- Pinecone Finance ($PCT) has the second-best performance with a 98.45% increase and $3.31 million in TVL.
- Mars Ecosystem ($XMS) is third with a 66.91% increase and $42.11 million in TVL.
- Alpha Finance ($ALPHA) is fourth with a 35.88% increase and $20.99 million in TVL.
- Hunny Finance ($HUNNY) is fifth with a 19.59% increase and $2.14 million in TVL.
WEEKLY TVL GAINERS IN BSC ECOSYSTEM ‼@ForTubeFi $FOR@PineconeFinance $PCT@MarsEcosystem $XMS@AlphaFinanceLab $ALPHA@HunnyFinance $HUNNY@polkastarter $POLS@FinanceCow $CCF@SteakBank $SBF@1inch $1INCH@atlantis_loans $ATL#BSC pic.twitter.com/IavthniNal
— BSCDaily (@bsc_daily) February 9, 2022
3 – GuildFi Acquires Funding from BSC $1B Growth Fund
GuildFi, a Web3 ecosystem consisting of NFTs, games, and communities will be getting funding from the BSC $1B growth fund. This is an impressive achievement for GuildFi as the funds will aid the development of the ecosystem via:
- Giving GuildFi the opportunity to access vast resources available on the BSC ecosystem which improve its adoption and aid its growth.
- Allowing GuildFi to enable interoperability among virtual worlds through partnerships and by setting up new features. This will also significantly improve the players’ experience.
We are thrilled to have secured investment from @BinanceChain's $1B Fund!
The investment and BSC's extensive ecosystem of resources will aid in accelerating our vision of building an interconnected #Web3 ecosystem of #games, #NFTs and communities.
More: https://t.co/PCIgupztcK pic.twitter.com/XRw7X4fOc4
— GuildFi (@GuildFiGlobal) February 12, 2022
4 – Binance Smart Chain Projects by Altrank
In addition, a LunarCrush report shows the latest rankings of Binance Smart Chain (BSC) projects by Altrank. According to the report:
- MOBOX ($MBOX) is the highest-rated Binance Smart Chain project in 2nd position.
- Mdexswap ($MDX) is the second BSC project by Altrank, it’s in 5th position.
- Feed Every Gorilla ($FEG) is the third BSC project by Altrank, it’s in 8th position.
- CateCoin ($CATE) is the fourth BSC project by Altrank, it’s just outside the top 10 in 11th position.
TOP BSC PROJECTS BY ALTRANK ‼@MOBOX_Official $MBOX@Mdexswap $MDX@FEGtoken $FEG@catecoin $CATE@StaFi_Protocol $FIS@beefyfinance $BIFI@ReefDeFi $REEF@RichQuack $QUACK@GamyFi_HQ $GFX@splinterlands $SPS#BSC pic.twitter.com/rskCHeMl6B
— BSCDaily (@bsc_daily) February 11, 2022
Notably, the LunarCrush AltRank reveals the health of the altcoins by considering the community and financial factors in determining an altcoin’s performance.
$BNB Price Outlook
As of the time of publication, Binance Coin’s price was $406.35 with a 24-hour trading volume of $946,535,994. BNB price also rose by 1.6% over the last 24 hours. Besides, it has a circulating supply of 170 Million BNB coins and a total supply of 168 Million.
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