Top Binance Smart Chain (BSC) Updates | July Week 4

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.

In the past week, Binance Smart Chain (BSC) ecosystem recorded new achievements, and Celer Network launched its BSC-integrated decentralized bridge.

1 – BSC Hits New Record for Daily Completed Transactions

On the 26th of July, the Binance Smart Chain platform revealed that they attained an all-time-high (ATH) of 9.2 million completed daily transactions. This is also a record number of completed daily transactions in the past two months; with GameFi projects having most of the transactions.

2 – BSC Transaction Milestone

During the week, BSC also revealed that they attained a new milestone of 800 million completed transactions on the BSC platform.

About a month ago, BSC revealed that they completed a total of 700 million transactions. Thus, this development means BSC completed about 100 million transactions within the last month.

3 – Celer Network New Decentralized Bridge Integrates BSC

Celer Network has revealed the launch of Celer cBridge v1.0 which focuses on bridging cross-chain and cross-layer liquidity.

Notably, the cBridge v1.0 integrated BSC, and other platforms like Polygon, and Ethereum. This makes it possible for users to swiftly send tokens across these platforms. They reportedly plan to support more projects very soon.

“Anyone can run a cBridge node to join the cBridge Network and provide cross-chain and cross-layer liquidity while generating yields through transaction fees. This marks an important milestone for Celer to create a key interoperability infrastructure to unite all the fragmented liquidity back together in the future of a multi-layer-2 and multi-chain blockchain ecosystem,” the report stated.

4 – Julian Tan Discusses BSC

Julian Tan, the business development and ecosystem growth at BSC had an interview during the week.

Tan spoke about the BSC ecosystem, the future of the industry, and cross-chain blockchain. Tan stated that the ecosystem focuses on providing solutions on usability and flexibility which has led to their growth and success.

“The community realized that there was this huge problem.”

“One of the most wanted features according to the Binance Chain community was basically the ability to program extendibility. There was a need for smart contracts and EVM functions on Binance Chain.”

“So, basically, Binance Chain didn’t really have that kind of capabilities. That’s why the community thought, you know, it was a really really good idea to have those. So the Binance Chain developer community then recognized that this was a huge, huge opportunity. Not only to solve congestion and high transactional fees, issues that, you know, exist in blockchain infrastructure, but also the limitations Binance Chain has.”

Furthermore, Tan gave insights into future plans, stating: “We believe that there will be many more versions of BSC to come and obviously the newer versions will aim to solve any barriers on top of the blockchain.”

BNB Price

As of the time of publication, Binance Coin’s price was $317.24 with a 24-hour trading volume of $1,701,072,809. BNB price also rose up 2.4% over the last 24 hours.


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