In today’s article of BNB Chain Weekly Recap for W15, we will see what happened throughout last week. A little sneak peak, this week the bear market still going on. But that doesn’t mean anything when there are many news surround forecasting a new brighter page for the crypto world, such as: Binance is starting its plan to expand to Europe and MENA Region. Let’s find out more details below!

Network Growth

Daily Transactions

The average Daily Transaction of Week 14 ( from April 04th to April 10th) was around 5.1 million, but that number has dropped in this Week of 15 to 4.5 million only, which means it decrease by almost 10%. If we also look at the average Daily Transaction of Week 13, we can easily see that the number has declined ever since and now the percentage of plummet has raised around 2% each week.

Unique Addresses

The average of Unique Addresses Daily Increasing in Week 15 is 261,613 Addresses. The data continue to go down 8.5% compared to last week was 285,977 Addresses. But, if we look at the bright side that the number of increasing unique addresses declined this week is lower than in W14, which was 10%.

Active Addresses

The Active BNB Smart Chain Addresses from April 11th to 12th increased from 1,102,198 to 1,191,457 hit the peak of the data for W15. After that the data has slowly dropped until it hit the lowest point 966,807 on April 17th.

Receive count on April 17th was 872,678 and send count was 289,569 as for April 10th was 1,002,701 with receive counts was 905,032 and 309,819 send counts. The data shows the 13% decreasing in Receive Count and 6.5% declined for Send Count

Total Value Locked

Compare last week data the TVL of W14 was $13.51b to W15, we can easily see the number has went down 2.8% to $13.13b. It seems like the market still bearish time when there aren’t any numbers improve throughout the week.

Highlight Events

Binance Continues to Grow Presence in MENA Region

Binance confirmed that it received its In-Principle Approval (IPA) for a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). This is the second significant approval for Binance in the region and continues the push into the Middle East-North African region by the world’s largest cryptocurrency exchange.

The deal announced on April 10 in a press release, will see Binance adapt to the world’s first comprehensive and robust virtual asset regulatory framework, established by Abu Dhabi in 2018. Once the application is processed, Binance will be able to provide virtual asset offerings to users across the MENA region.

Establishing a regulatory presence is a key part of Binance’s goals for 2022, and the exchange is finding favourable invitations across the world. Binance CEO Changpeng Zhao (CZ), will be in France at the Paris Blockchain Week Summit on April 13-14, as Binance seeks to make France the hub for its European expansion. Binance was also recently authorized, in March 2022, to work within Bahrain by the country’s central bank

Binance Has Announced a €100 million Investment in France

Binance has announced a 100 million euro ($108 million) investment in France, as well as a cooperation with the Paris-based business incubator Station F, as the crypto exchange giant expands its position in Europe.

“France is uniquely positioned to be the leader of this industry in Europe,” Binance CEO Changpeng Zhao said from the stage on Wednesday at the Paris Blockchain Week Summit, adding that the business already has a staff of roughly 50 people in the nation. As part of the agreement, companies will receive development assistance from the BNB Chain, NFT Labs, and Binance Labs teams, as well as potential partnerships with Binance partners.

Zhao also stated in the opening keynote of the Paris summit that Binance is launching phone line customer support, beginning with support in Turkish. The startup, which presently offers chat-based help, intends to eventually offer phone-based service in all areas.

Binance Hires The Deputy General Counsel Of French Financial Regulator

Binance has hired Stéphanie Cabossioras from France’s Autorité des Marchés Financiers (AMF), marking the latest instance of a cryptocurrency exchange recruiting employees from a financial regulator.

According to her LinkedIn profile, Cabossioras was the AMF’s deputy general counsel until March. On Wednesday, she is scheduled to speak for the crypto exchange platform at the Paris Blockchain Week Summit on the topic of “leveraging blockchain to prevent crime.” Cabossioras is now a Binance employee, according to a Binance staffer at the exchange’s conference stand.

As the industry strives to connect with financial authorities, recruitment is the latest example of a crypto exchange recruiting expertise from a regulator. Binance just appointed Steven McWhirter, a UK Financial Conduct Authority officer, as its global director of regulatory policy.

Second Live Quavo Metaverse Concert on BNB Chain

The first major Second Live concert crashed through the metaverse with success as thousands flocked in to see Quavo spit some fire rhymes and drop major beats. The BSC News host Tom live-streamed the event on the Web3Wire YouTube channel, which drew a considerable audience from around the world.

The event, which was hyped up for weeks, occurred on April 15, began at 12:00 UTC, and ran for about half an hour. Quavo performed several songs to a rousing crowd of avatars. Innocent Cats also sponsored the event, which put the entire Second Live metaverse on display, equipped with special effects and a blown-out arena experience. 

The numbers across all platforms approached nearly 60,000 live viewers or attendees in total. The first, and certainly not the last, metaverse concert experience from Second Live was truly a success. The images and videos showing the avatar engagement were quite a sight, as avatars engaged in group dances and celebrations, some avatars even went as close to nude as possible!

The livestream from our host Tom showed in-depth how to explore the three levels of the arena and gave the full experience of the event. The event’s success showed the true potential of how engaging and fun a metaverse experience can be. 

Spotlight Projects

Top Weekly Gainers and Losers on the BNB Chain

Top NFT, GameFi and Metaverse on the BNB Chain

Top 3 DeFi on the BNB Chain

Find more information about 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

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

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.

KAZ

Coincu Ventures