1/19 #BNBChain Landscape
Recent concerns of the market surrounded by stablecoins, L2 wars and Terra.
However, BNB silently developed and achieved impressive statistics.
Quicktake:
• BNB Chain roadmaps 2022.
• Binance approached regulation approvals.
• Ecosystem deep dive
2/19
Let’s dive into some highlight statistics
• TVL: Retake the 2nd rank TVL from Terra, now at $8.8B TVL
• 18.5M $BNB staked on the BNB Chain
• 3B transactions have been made on the BNB Chain, it is a remarkable point in the history of the BNB Chain as they keep #BUIDL
3/19
Compare transactions on BNB Chain vs Ethereum
From May 2022 till now, BNB Chain has created a huge gap in transactions when Ethereum just recorded 1M transactions while that of BNB Chain is 4.2M
4/19
BNB Chain unique addresses skyrocketed
Recorded by @bscscan, unique addresses of BNB Chain now at 165M addresses, with an increased momentum ranging from 100k - 300k of newly created addresses daily.
• Dec 2020: 475M addresses
• June 2022: 165M addresses
Growth: 347x
5/19
About the Binance CEX
• The 1st rank CEX with more than 28.6M users in 2021.
• Total annual exchange volume is $7.7T in 2021.
Binance is a great background to create opportunities for BNB Chain D-apps to approach their huge CeFi user base.
6/19
BUSD and USDT comparison
$BUSD:
• Established from Paxos & Binance.
• 100% backed by cash.
• Updated statistics to NYDFS
• Paying taxes to the US government => Protection.
USDT:
• Not actively publishing reports.
• Not fully backed by cash
• Poor user protection
7/19
The stability of $BUSD
When collecting ATH, ATL of those popular stablecoins on the market, it is obvious to tell that BUSD is sharing top 2 of the “most stable” stablecoins with DAI, when it depegged downwards to just $0.9 and bounced back.
8/19 @BinanceLabs formed a $500m fund with support from leading global institutional investors.
This fund focused on projects related to expanding cryptocurrency use cases and increasing adoption of Web 3.
Let’s have a look at Binance Labs recent investments.
9/19
The 5th season of #MVB is live.
This seasonal program has positively influenced the change of BNB Chain from just 200 - 1,370 projects today, within more than a year => Fastest growing ecosystem.
The 5th season started => repeat the positive loop.
@ape_swap has formed partnerships with Torus Wallet.
Users can simply use ApeSwap services using social media accounts like Facebook, Google, Reddit, …etc. => Give users the convenience to access ApeSwap.
14/19
BNB Chain offers Terra developers to join BNB Chain.
The benefits for Terra devs:
• Finance-The $1B BNB Chain Fund shares a part for Terra devs.
• Support from 1,370 projects on BNB Chain ecosystems.
• Partnership w top tier projects like Coinmarketcap, Trust Wallet.
15/19
Ce-DeFi: @VenusProtocol Mini Program will be integrated into Binance mobile app.
Venus is currently the biggest lending on BNB Chain, with $800M TVL.
Venus was given a chance to provide its best services to newly CeFi users while also drawing attention of Binance users
16/19
Binance Labs invested $6 million into Zecrey.
Zecrey provide a simple and private way to use efficient cross-chain protocols based on Zk Roll-Ups technology => managing & aggregating assets easily multi-chain. binance.com/en/blog/ecosys…
- Highlight numbers on Avalanche W21
- Highlight news on Avalanche W21
- Ecosystem deep dive
Let's jump right in ⬇️
2/17
⬩ Some highlight numbers on Avalanche:
- Total txs on the DFK Chain subnet exceed 13M
- In terms of Eth Bridge TVL, Avalanche Bridge ranked 3rd: $2.1B
- $AVAX burned: 1.8M+
- Top 4 DeFi TVL ranking: $4.22B
- Unique Contracts Deployed spiked to 166k
- Details around the $AVAX reserves that the Luna Foundation Guard and Terraform Labs hold:
+ TFL purchased 1.09M $AVAX, 1 year lockup
+ LFG purchased 1.97M $AVAX, to be used for the Terra reserve pool.
L2s are booming, make sure you don't miss any chances on these ecosystems
Quick take:
⬩ Optimism's new updates: OP Stimpack, Warp Speed, Optimism Bedrock
⬩ Arbitrum Odyssey postponed
⬩ StarkGate Alpha launched
⬩ New protocol Aztec Connect
2/19
Let's dive in with some highlights numbers:
⬩ Projects TVL:
- L2 with the highest TVL is still Arbitrum, still remaining at over $2.6B
- Last week, Metis was the project that reduced TVL the most (~16%)
- StarkNet entered the race thanks to StarkGate, currently ranked 17th
3/19
⬩ Eth bridge TVL
- With a $2.2B bridge TVL, Arbitrum is taking the lead
- With $468M, Optimism came in second
- With $43M and $34M, Boba and zkSync are respectively trailing.
→ Generally, the TVL of Eth bridges has dropped dramatically in recent weeks.