This BNB chain Weekly is offered solely for informational functions and doesn’t represent funding recommendation.
Whole Worth Lock
The full worth locked on the BNB chain has elevated over the previous week. The TVL of the present ecosystem is round $7.17 billion. (+7.98%)
Stablecoin Provide
The full provide of stablecoins on the BNB chain is presently $8.39B unchanged vs. the final weak.
Wherein, $BUSD accounted for 57.54% with a provide of $4.83B, $USDC for 22.43% with a provide of $1.88B, and $USDT for 14.86% with a provide of $1.25B. The remainder are different stablecoins accounting for about 5.17%.
The MVBV Accelerator Program
Following the receipt of greater than 650 functions for its MVBV Accelerator Program, BNB Chain announced on July 27 the collection of 27 initiatives to take part within the newest iteration of its accelerator program, MVBV: Uncharted Territory. In line with the weblog put up, the initiatives chosen have been chosen due to their give attention to “infrastructure and tooling, decentralized finance (DeFi), SocialFi, NFTs, and GameFI.”
APE Now a Borrowable Asset
On July 26, Binance announced the addition of the APE token as a borrowable asset on its Binance Loans platform. In consequence, customers are actually in a position to borrow APE tokens and stake a variety of different crypto property as collateral.
4 New Liquidity Swimming pools
On July 29, Binance Liquid Swap introduced the addition of 4 new liquidity swimming pools. They embrace DOGE/BUSD, LINK/BUSD, LTC/BUSD, and the SHIB/BUSD liquidity swimming pools.
BNB Chain Launches Marketing campaign to Promote NFT Music Trade
To advertise the NFT music trade extra broadly to the neighborhood, BNB Chain has collaborated with ROCKI (ROCKI token) and Melos Studio to launch the Unleashing Music Mania on the BNB Chain marketing campaign.
DEX
ApeSwap
ApeSwap Introduces Perpetual Futures Buying and selling in Partnership With ApolloX. ApeSwap developer says the DEX needs to increase “to companies traditionally reserved for centralized exchanges.”
Extra info: CLICK HERE
Mdex
$MDX is buybacked and burned this week (Jul. twenty fifth – Jul. 31th)
Extra info: CLICK HERE
Derivatives CEX
ApolloX
Considered one of BNB Chain’s main decentralized derivatives protocols, ApolloX, has developed a customizable DEX engine for derivatives buying and selling.
The brand new ApolloX derivatives DEX resolution, introduced by the platform by means of a tweet on July 23, will make it simpler for blockchain protocols to deploy derivatives buying and selling on their platforms. Nearly like plug-and-play, the protocols solely must tweak the frontend person interface to swimsuit their model, whereas ApolloX takes care of the backend performance and supplies liquidity entry, safety, buying and selling utility programmable interface (API), full consumer assist, and so forth.
Extra info: CLICK HERE
Farming
Xend Finance
Xend Finance, the primary African startup to construct on BNB Chain, is ready to additional widen its scope of service to the African DeFi neighborhood with the newest suite of utilities launched by the platform.
Extra info: CLICK HERE
Crypto Snack
The protocol will look to safe extra partnership offers with extra sports activities groups and use the funds to develop its infrastructure. The CEO additionally informed BSC Information that it’s native $SNACK token would quickly be listed on a prime CEX.
Extra info: CLICK HERE
Step.App
Jamaican sprinter and world 100-meter file holder Usain Bolt turns into the face of Step App. The MoveToEarn Non-fungible Token (NFT) platform goals to increase its person base with the partnership.
Step App is on a mission to increase its world adoption to 10 million customers and believes that Usain Bol is the right influencer to realize that objective.
Extra info: CLICK HERE
Golden Bros – Gaming: MableX is launched a brand new F2E recreation: Golden Bros. Golden Bros on-line occasion celebrates the grand launch. CUBE is airdropping free $CUBE tokens to early entry gamers.
Over the previous week, the on-chain indicators haven’t modified a lot. We’re nonetheless seeing new developments in initiatives by means of the launch of many new options and merchandise.
When you have any questions, feedback, solutions, or concepts concerning the challenge, please e mail [email protected].
Discover extra details about the BNB chain
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DISCLAIMER: The Data on this web site is offered as common market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
Marcus
Coincu Ventures
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