This BNB chain Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Last week, the price of $BNB recovered significantly after the news of Binance partnering with soccer star, Cristiano Ronaldo. In addition to that news, the BNB chain has a lot of other notable news.

NETWORK GROWTH

Total Value Lock

The total value locked on the BNB chain has increased over the past week. The TVL of the current ecosystem is around $6.03 billion, down roughly from 5.4% last week. TVL of the BNB chain slightly recovered, as the ecosystem had some positive news.

Stablecoin Supply

The total supply of stablecoins on the BNB chain is currently $8.37B, down approximately 2.44% from $8,58B to $8.37B.

In which, $BUSD accounted for 74.06% with a supply of $4.82B, $USDC accounted for 22.47% with a supply of $1.88B,$USDT accounted for 14.86% with a supply of $1.24B. The rest are other stablecoins accounting for about 5%.

Total Transaction

This week, the BNB chain ecosystem has 26,812,134 transactions, an average daily transaction of 3,830,304 transactions. Down approximately 6.4% from last week, with the number of transactions in week 24 being 4,092,488 transactions. When the market is sideways, trading becomes less attractive.

Unique addresses

The number of unique BNB chain addresses continued to grow significantly this week. Specifically, there are now more than 170,824,991 unique addresses in the BNB chain ecosystem. The number of new addresses created this week is 1,801,217. The number of new addresses created this week is about 12.62% more than the number of new addresses created last week.

Active addresses

BNB chain addresses were active from Jun 20th to 26th, with around 948,238 active addresses per day, an increase of about 5.3% from the number of active addresses per day of week 24. The number was low on Jun 22th, with 876,059 active addresses. And the weekly high was Jun 24th with 1,091,199.

% Staking/circulating supply

BNB’s staking percentage of total circulating supply is currently 11.25%.

HIGHLIGHT EVENTS

CZ Indicates Binance Support for Musk Twitter Takeover

Changpeng Zhao has reaffirmed his support for Elon Musk’s plan to buy Twitter outright.

the Binance CEO said he would be “disappointed” if Musk decided not to go through with the deal to buy Twitter. However, Zhao said he was prepared to do everything to support the Tesla CEO if the wealthiest billionaire on the planet pursued this deal to the end.

More information: click here

BNB Chain NFT Support Confirmed by Nansen

BNB Chain NFTs are set to gain a lot more visibility after esteemed analytics platform Nansen confirmed they will support the chain. With users often looking to discern the collections they believe represent true value, Nansen offers an important avenue to be able to explore this. With a varied range of dashboards at the disposal of users, plenty of which are free, it has never been easier to track the progress of your favorite collections on BNB Chain

More information: click here

BNB Chain to Open ‘Deep Dive Into Blockchain’ Summer School Lectures at the University of Zurich

BNB Chain will collaborate with the Blockchain Center of the University of Zurich (UZH BCC) in designing a section of the course on fundamental blockchain concepts and host an NFT workshop for students. The participation in the UZH International Summer Schools 2022  program will be led by Alvin Kan, Ecosystem Coordinator for Games and NFT and Director of Data & Research at BNB Chain.

More information: click here

Binance.US Starts Zero-Fee Trading for Bitcoin in Pricing War

BinanceUS , the American affiliate of the largest global crypto exchange, is starting to offer zero-fee trading for Bitcoin, with plans to eliminate the charges for more tokens in the future.

More information: click here

Cristiano Ronaldo Joins With Binance For New NFT Era

Binance has signed an exclusive multi-year partnership with football legend Cristiano Ronaldo to ‘take football to the next level.’

According to details published by Binance on June 23, the Portugal and Manchester United striker will be releasing a series of Non-Fungible Token (NFT) collections on the Binance NFT platform through a multi-year partnership with the exchange. Additionally, Binance users in certain countries can purchase the NFT of the football legend who owns five golden balls via Binance Pay, a peer-to-peer (P2P) cryptocurrency payment app.

More information: click here

OpenLeverage Announces Strategic Investment by Binance Labs

Binance Labs, the venture capital and accelerator arm of Binance, announced its investment in OpenLeverage, a permissionless lending and margin trading protocol for everyone. It integrates with decentralized exchange liquidity to serve the unsatisfied long-tail digital asset market.

OpenLeverage uses an innovative price reference mechanism called ‘OnDemand Oracle’, which is free from oracle creation and maintenance, accurate, and fast-tracking to protect lender and trader positions.

More information: click here

DeFi Lego

New Project

Era7 is a metaverse-style TCG developed on BNB Chain, created by a team of core blockchain technicians and well-known casual game development company members.

EX Sports is a digital sports collectibles platform that allows fans worldwide to purchase and trade NFTs of their favorite sports stars.

X World Games (XWG) ranks second in BNB Chain in terms of WAU.  XWG is a unique blockchain-based game ecosystem in which users can create, trade, and collect NFTs while participating in multiplayer games.

Web3Auth is a blockchain infrastructure that lowers the barriers to allowing more Web2rs to enter the Web3 world.

Go+ Security, a Web3 ecosystem security infrastructure, provides users with security tools, including token detection, smart contract detection, NFT contract detection, malicious address library, real-time risk warning, and interaction security detection to build a safer web3 environment.

Corite is a crowdfunding and fan interaction platform that allows users to support their favorite musicians while sharing their successes.

Wombat is a multi-chain stableswap native to the BNB Chain. It re-engineered the stableswap experience through its innovative algorithm design, enabling lower slippage and greater capital efficiency.

Tranchess is a yield-enhancing asset tracker protocol with various risk-return solutions

DEX

Pancake burned a large token last week

Pancake burned 6,936,586 $CAKE just burned – that’s $20M.

More information: click here

ApeSwap Integrates Chainlink Keepers To Help Decentralize the Automation of Its DeFi Platform

ApeSwap has integrated Chainlink Keepers on the BNB Chain mainnet. Apeswap is leveraging Chainlink Keepers to help automatically compound vault rewards in a highly secure and cost-efficient manner. As a result, Apeswap is able to enhance the decentralization and reliability of our DeFi platform.

Apeswap decided to integrate Keepers to help decentralize ApeSwap’s vault compounding function because Keepers are operated by the same pool of time-tested.

More information: click here

Lending/Borrowing

Venus Stars Ambassador Program

Venus Stars is a program aimed at “Generating adoption of Decentralized Finance, (DeFi) and more specifically in Venus Protocol”. It is based on three main areas, education, information, and guidance, and each of them has a general objective from which several activities emerge. The intention is that each user who approaches one of our communities is attended to and receives from the hands of their Star leader all the information they need to adopt decentralized finance and the Venus Protocol as the new way of investing, exchanging, earning, and diversifying your assets.

More information: click here

Liquidity Optimizer

Alpaca Brings New UI Improvements Amid Expansion

Alpaca Finance brings a multitude of UI updates after a month of expansion that saw the addition of 10 new leveraged yield farms and six new Automated Vaults.

Users not only get a sure Chef Octopus Hero, but also stand a chance to get one of three different summer vibes skins for Culien, El Dragon, and Meiko. There will only be 499 boxes sold in this event and the sale will run until June 21st.

More information: click here

LaunchPad

The Impossible Swap x Aura Network Whitelist Allocation Campaign

Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair, and accessible crypto opportunities.

Impossible Finance announced a special Impossible Swap Trading campaign in conjunction with their Aura Network IDO. There is US$20,000 of Whitelist Allocation for AURA tokens to be won in their campaign.

Participants need to trade a minimum of US$1,000 on the Impossible Finance Swap during the campaign period. To prevent any potential delays on purchasing your whitelist allocation, make sure you use the same wallet address you have KYC’ed with on our Launchpad.

More information: click here

Verdict

Above is the important information in the past week on the BNB chain ecosystem. Although crypto winter has arrived, the projects on the BNB chain are constantly evolving. A significant number of new projects were launched. Most of these projects are in the field of Gaming, Metaverse. It shows that the Gaming/NFT segment is still very active on the BNB chain.

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

Find more information about the BNB chain

Website: https://www.binance.com/en

Whitepaper: https://www.binance.org/#smartChain

Twitter: https://twitter.com/binance

Telegram: https://www.binance.com/en/community

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Marcus

Coincu Ventures