BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022

This BNB chain Weekly 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 Tiktok Star, Khaby Lame. In addition to that news, the BNB chain has a lot of other notable news.

BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 10

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 $6.2 billion. TVL of the BNB chain slightly recovered, as the ecosystem had some positive news.

BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 11

Stablecoin Supply

The total supply of stablecoins on the BNB chain is currently $8.37B. It did not change much vs. last week.

In which, $BUSD accounted for 57.32% with a supply of $4.82B, $USDC accounted for 22.36% with a supply of $1.88B,$USDT accounted for 14.78% with a supply of $1.24B. The rest are other stablecoins accounting for about 5%.

BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 12
BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 13

Daily Transaction

This week, the BNB chain ecosystem has 26.6m transactions, an average daily transaction of 3.8m transactions. This result did not change much from last week, with the number of transactions in week 25 being 26.8m transactions. When the market is sideways, trading becomes less attractive.

BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 14

Unique Wallets

The number of unique BNB chain addresses continued to grow significantly this week. Specifically, there are now more than 172.7m unique addresses in the BNB chain ecosystem. The number of new addresses created this week is 1.9m. The number of new addresses made this week is about 5.55% vs. last week.

BNB Chain Weekly Recap | Jun 27th – Jul 3rd, 2022 15

Active Wallets

BNB chain addresses were active from Jun 27th to July 3rd, with around 813k – 1,000k active addresses per day, not change much from the number of active addresses per day of week 24.

%Staking/ Cir. Supply

%Staking/ Cir. Supply is 11.34% which is the same last week.

Highlight Events

Partnership with Khaby Lame

Binance partnered with famous Tik Toker Khaby Lame to join the team as a global brand ambassador.

More information: click here

The Binance 5th Birthday Event

Join the Binance 5th birthday event with a minimum holding of 0.1 BNB to win a limited-edition Mystery Box Collection!

More information: click here

Investment

Binance invested in Magic Square – a community-driven multi-chain crypto app store.

More information: click here

Ecosystem Update

  • A Strategy Trading Landing Page: It provides users with a comprehensive display of Spot and Futures Grid Trading strategies, their performance, and their popularity.
  • Auto-Staking feature: This allows users to automatically add their digital assets/digital currencies to the staking pool again at the end of the staking period.
  • Funding Rate Arbitrage Table: With this, users can access arbitrage information about Perpetual Futures Contracts and their spot equivalents in the market.
  • NFT Minting: Binance NFT Marketplace announced the launch of the NFT Minting feature, which would allow its verified users to create and mint their own NFT collections on the BNB Chain and Ethereum network.

DeFi Lego

New Projects

  • BinaryX is the Metaverse Game of Cyber Series.

DEX

Pancake

Pancake add a new utility for the betting product. Users can use $CAKE for participant Prediction.

Biswap

Biswap adds more incentive to 4 pools with high APY.

Aggregator & Asset Management

Hot Cross

Hot Cross launched the locked pool with 2 pairs.

Verdict

Above is the critical 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 ventures@coincu.com.

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

Victor

Recent Posts

Swift, UBS, Chainlink Complete Pilot for Global Tokenized Fund Settlement Network

Swift, UBS Asset Management, and Chainlink have completed a proof-of-concept that would settle tokenized fund…

13 mins ago

Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

Abu Dhabi, United Arab Emirates, 5th November 2024, Chainwire

17 mins ago

Jito and Solana Outpace Ethereum in 24-Hour Fee Revenue

According to data from SolanaFloor, Jito and Solana's 24-hour protocol fee income has surpassed Ethereum's…

49 mins ago

Which 3 Altcoins Will Skyrocket the Most in the Next Big Bitcoin Rally?

As the crypto market is about to witness the next big Bitcoin surge, Rexas Finance,…

1 hour ago

Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million

In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…

2 hours ago

MEXC Champions the Future of Crypto Content Creation at CCCC

MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking…

2 hours ago

This website uses cookies.