This BNB chain Weekly Recap is provided solely for informational purposes and does not constitute investment advice. The market continued to decline sharply over the past week, especially on the weekend when BTC price once again returned to the $27k mark. Last week, BNB dropped sharply according to the general situation of the market. At the same time, Binance has also been accused of creating opportunities for hackers to launder money, causing BNB girls to plummet afterwards. Let’s look at the BNB chain’s development with Coincu over the past week.

Network Growth

BNB Price Last 7D

$BNB opened at $300 last week and closed at $255, down approximately 14.73%.BNB’s sharp drop in the past week came from news that the Binance exchange was accused of facilitating money laundering by hackers, along with a sharp drop in the overall market. The price of BNB chain next week is likely to continue to fall further.

Daily Transactions

During Week 23, daily transactions averaged around 4,194,187 transactions, up approximately 6.4% from Week 22. Last week, the market is dumped. So, many retail investors run out of the market. They sold their asset that which make the number of transactions in the whole week increase.

Unique Addresses

There were about 1,306,844 unique new addresses created this week. The average number of unique addresses increasing per day is 186,692 addresses, up about 11.8% from 166,873 new addresses created in the 22nd week.

Active Addresses

BNB smart chain addresses were active from Jun 6th to 12th, with around 981,304 active addresses per day, an increase of about 7.55% from the number of active addresses per day of week 22. The number is low, especially on the last day of the week, Jun 07, with 952,497 active addresses. And the weekly high was Jun 09 with 1,005,301.

Total Value Locked

The total value locked on the BNB chain has decreased over the past week. The TVL of the current ecosystem is around $7.7 billion, down roughly from 8.4% last week. The market went into a downtrend, causing the money on the ecosystem to be significantly withdrawn.

Top Price Performance in BNB Chain

Highlight Events

Binance Is Accused Of Being An Intermediary To Launder $2.35 Billion In Dirty Money

On June 6, Reuters published a particular investigative article alleging that the lax KYC process on Binance helped hackers easily launder money through cryptocurrencies.

Reuters has provided evidence that the Lazarus Group hacker group with links to North Korea in September 2020 attacked the Slovakian exchange Eterbase and stole more than 5.4 million USD. The hacker then used the encrypted emails to open at least two dozen accounts and disperse the funds.

For more information: Click here

Binance Selects TripleA as Global Cryptocurrency Payment Gateway

Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider, announced today that it had selected TripleA as a Global Cryptocurrency Payment Gateway for Binance Pay. 

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. With a strong user base exceeding 300 million, Binance Pay acts as the bridge between Binance and the retail world.

The partnership between Binance Pay and TripleA will open the doors to the exciting opportunities within the crypto and blockchain space for many merchants, including Novelship, one of Asia’s fastest-growing online marketplaces for limited-edition sneakers, streetwear, and collectables. 

For more information: Click here

Binance Labs Makes Strategic Investment in Discord RPG Tatsumeeko

Tatsumeeko is a Discord-playable role-playing game available on iOS, Android, and the Web, introducing users to the world of crypto and NFTs seamlessly and engagingly. The fun gameplay involves the players battling monsters, exploring the world of Ielia, building their communities, and meeting new friends and foes. Following a successful Proof-of-Concept (POC) that reached 60,000 monthly active users and 4.5 million traded items, Tatsumeeko is now ready to grow and expand into new markets. 

With this investment, Tatsumeeko will continue to develop the MMORPG-lite experience to be released on Ethereum and Solana. In the future, the game also plans to expand to other social platforms and target multiple communities on Ethereum and Solana. It hopes to leverage in-house infrastructure to collaborate with over 2.5 billion chat application users, fan clubs, YouTubers, other metaverses, Web3 games, and traditional games.

For more information: Click here

Learn, Earn, and Trade this June with Binance’s Summer Splash

Binance makes an exchange with a variety of products built into the exchange such as Spot trading, Future, P2P, and Staking,… And so Binance wants users to be knowledgeable about all the products built on Binance. Binance launches the Summer Splash campaign so users can learn about Binance and also get attractive rewards after completing their learning.

For more information: Click here

Binance Labs Participates in the Seed Funding Round of ApolloX, Crypto DEX

Binance Labs participated in the seed funding round of ApolloX, with Kronos Research, Lingfeng Capital, SafePal, Token Pocket, 3Commas, and LUX Capital.

ApolloX looks to build new product lines in its ecosystem and to shift to DAO self-governance.

ApolloX sees that the decentralized autonomous organization (DAO) structure will help further the adoption of decentralized crypto assets and user-centric blockchain technology globally. ApolloX DAO will utilize industry-standard solutions to implement decentralized governance, and facilitate transparent and trustless decision-making by the community for platform development.

For more information: Click here

Binance.US has officially launched Staking

Binance.US has officially launched Staking, empowering customers to do more with their money. Customers can now stake while generating an APY of up to 18%, the highest rate among US crypto firms.

For more information: Click here

DeFi Lego

DEX

Binance Labs Makes Strategic Investment in PancakeSwap

June 6, 2022 – Binance Labs, the venture capital and incubation arm of Binance, has made an investment in PancakeSwap’s utility and governance token- $CAKE.

PancakeSwap is a decentralized exchange built on BNB Chain. The investment is part of Binance Labs’ mission to facilitate the next wave of global blockchain adoption by providing technology development, marketing and community support, and enterprise solutions for Web3 transformation. 

For more information: click here

Verdict

Above is important information on the BNB chain ecosystem. 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