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BSC Updates | BSC Rebrands to BNB Chain

BSC Updates | BSC Rebrands to BNB Chain

After final week’s actions, there are developments from the BNB Chain ecosystem. To maintain readers knowledgeable, Altcoin Buzz covers a number of the updates from the third week in February.

On this week’s article, Binance Good Chain (BSC) rebrands to BNB Chain. As well as, the brand new BNB Chain has launched the DeFi League. Let’s check out the newest BSC updates.

1 – BSC Rebrands to BNB Chain

In the course of the week, Binance Good Chain (BSC) introduced it would rebrand to the BNB Chain ecosystem. Notably, Binance Good Chain (BSC), Binance Chain, and the $BNB utility token make up the brand new BNB Chain ecosystem.

This improvement will give BNB Chain extra alternatives for improvements, developments, and adoption, it’s additionally anticipated to proceed the earlier BSC applications and initiatives.

The subsequent step within the evolution of #BSC is right here🤩

A brand new blockchain ecosystem designed for the age of MetaFi, powered by the BNB token.

BSC is now #BNBChain🔶

⏬Learn the announcement⏬

— BNB Chain 🔶 (@BNBCHAIN) February 15, 2022

2 – BNB Chain Launches DeFi League

After rebranding to BNB Chain, the platform is launching the primary initiative dubbed the “DeFi League.” This initiative entails a bunch of tasks working along with the goal of creating a collaborative group, bettering improvements, and bettering safety for customers, information, and belongings.

#BNBChain DeFi League is right here! 🔥

A joint effort of main #DeFi tasks who teamed as much as enhance innovation, safety, and develop the group.

DeFi League will carry collectively visionary groups to sort out the challenges and alternatives in decentralized finance.

Thread beneath👇

— BNB Chain 🔶 (@BNBCHAIN) February 16, 2022

In addition to, the league has 13 famend founding members, they’re:

  • PancakeSwap
  • Chainlink
  • Venus Protocol
  • Deri Protocol
  • Celer Community
  • Alpaca Finance
  • Tranchess
  • LayerZero Labs
  • NodeReal
  • Dodo
  • ApolloX
  • GSR
3 – Most secure Rating of BNB Chain Tasks

Subsequent on our record of BSC updates, there may be additionally a Certik report in regards to the security rating of BNB Chain tasks. In accordance with the report:

  • PancakeSwap ($CAKE) and Biswap ($BSW) are the joint prime tasks with a security rating of 96.
  • Metahero ($HERO) and Swipe ($SXP) are subsequent with a security rating of 95.
  • MOBOX ($MBOX) is subsequent with a security rating of 94.

TOP PROJECTS WITH HIGHEST SAFETY SCORE ✅@PancakeSwap $CAKE@Biswap_Dex $BSW@Metahero_io $HERO@Swipeio $SXP@MOBOX_Official $MBOX@bakery_swap $BAKE@AlpacaFinance $ALPACA@ForTubeFi $FOR@VCGamers_io @safemoon $SFM#BSC

— BSCDaily (@bsc_daily) February 15, 2022

4 – BNB Chain Tasks by Altrank

In the course of the week, a LunarCrush report revealed the newest rankings of BNB Chain tasks by Altrank. Based mostly on the report:

  • Feed Each Gorilla ($FEG) is the top-rated BNB Chain challenge in 4th place.
  • Place Token ($POSI) is the second-rated BNB Chain challenge in 9th place.
  • EverRise Inu ($RISE) is the third BNB Chain challenge and in 10th place.
  • PancakeSwap ($CAKE) is the fourth BNB Chain challenge and simply outdoors the highest ten in 12th place.

TOP BSC PROJECTS BY ALTRANK ‼@FEGtoken $FEG@PositionEx $POSI@EverRise $RISE@PancakeSwap $CAKE@Metahero_io $HERO@catecoin $CATE@beefyfinance $BIFI@yooshi_official $YOOSHI@travalacom $AVA@BinemonNft $BIN#BSC

— BSCDaily (@bsc_daily) February 14, 2022

5 – dApps Efficiency on the BNB Chain Ecosystem

Within the final of our BSC updates, we’ll additionally check out a dApp report exhibiting the efficiency of dApps based mostly on the BNB Chain when it comes to transaction quantity. The report relies on a seven-day time-frame:

  • PancakeSwap ($CAKE) is 1st when it comes to transaction quantity with $2.6 billion inside a seven-day time-frame.
  • Venus Protocol ($XVS) is 2nd with $1.19 billion in transaction quantity inside a seven-day time-frame.
  • Biswap ($BSW) is 3rd with $1.02 billion in transaction quantity inside a seven-day time-frame.
  • is 4th with $467.87 million in transaction quantity inside a seven-day time-frame.

Prime BSC Dapps By Transaction Quantity 7 Days 😍$CAKE @PancakeSwap$XVS @VenusProtocol$BSW @Biswap_Dex@solo_top$MDX @Mdexswap$ALPACA @AlpacaFinance$BANANA @ape_swap
$1INCH @1inch$ACSI @acryptosdao$DODO @BreederDodo#BSC

— BSCDaily (@bsc_daily) February 15, 2022

$BNB Coin Value Outlook

As of the time of publication, BNB’s value was $374.33 with a 24-hour buying and selling quantity of $1,170,664,353. BNB value elevated by 1.6% over the past 24 hours. In addition to, it has a circulating provide of 168 million BNB cash and a complete provide of 168 million.

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