Top Binance Smart Chain (BSC) Updates | July Week 2

Binance Smart Chain (BSC) continues to produce significant developments. To keep users informed of the latest developments concerning BSC, Altcoin Buzz has compiled the latest updates from last week.

During the week, Venly (formerly Arkane Network) launched a marketplace that supports NFTs on Binance Smart Chain (BSC). Also, MyEtherWallet announced that its latest version support BSC.

1 – Venly (Formerly Arkane Network) Launches NFT Marketplace on Binance Smart Chain (BSC)

Per the announcement, the Venly NFT marketplace will support NFTs on the BSC ecosystem. Therefore, using the marketplace users can now trade NFTs on BSC.

“The Venly Market has now enabled 3 blockchains: Polygon (Matic), Avalanche and Binance Smart Chain (BSC). BSC has been added as it is gaining traction in the NFT industry. We’re therefor very proud to have collaborated with the Binance team to make it possible for our users to trade NFTs on the Binance Smart Chain,” the report stated.

2 – MyEtherWallet Announce Support for BSC in its Latest Version

MyEtherWallet, an open-source, client-side tool for interacting with blockchain has revealed its latest version, MEW 6. This new version also supports BSC.

“…Ethereum-compatible chains like Binance Smart Chain (BSC) and Ethereum scalability solutions like Polygon are providing a more usable alternative, and we are excited to make these options available in MEW 6,” the report stated.

Besides, this move is expected to engage users: “With faster speeds and lower network fees, you can do more with your assets. Easily switch between networks to send transactions and swap tokens on Binance Smart Chain and Polygon.”

They also plan to give users the opportunity to enjoy migrating between Ethereum the BSC network.

3 – Binance Smart Chain (BSC) Collaborates with Immunefi

BSC also revealed its partnering with bug bounty platform for blockchain, Immunefi. They will be working together to increase the security of projects on the BSC platform by rewarding hackers able to find loopholes in projects on the system.

CEO of Immunefi, Mitchell Amador, commented that: “…bounties are paid in crypto. Payment in USDC and USDT is common, but many projects also pay bounties in their own token.”

“The value of the bounty is typically pegged to USD and the conversion rate computed at the time the bounty is paid. Payment in native tokens is a major new standard in crypto, since it lets the size of bug bounties scale with the value of a project’s token,” Amador added.

4 – Projects with the Most Social Signal on BSC

Recent reports have revealed the 10 best projects in terms of social signals on the BSC ecosystem.

They include:

  1. PancakeSwap
  2. Adventureland Finance
  3. Bscex SwapX
  4. TreeDefi
  5. ApeSwap
  6. Pancake Bunny
  7. Bounce
  8. Venus Protocol
  9. XBC
  10. ImmunitySwap
BNB Price

As of the time of publication, Binance Coin’s price was $294.44 with a 24-hour trading volume of $1,167,320,242. BNB price also dropped by 6.9% over the last 24 hours.

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