BNB Chain Developers Profile picture
Nov 17, 2022 11 tweets 10 min read Read on X
The active addresses market cap on #BNBChain has been steadily increasing over the past 90 days, hitting 61% as of Nov 7th.

[dune.com/David_C/multic……]

#TVL market share also reached 9.39%, up from 8.17% since August.

A quick thread on what is driving this traction

[1/11] 🧵 ImageImage
These metrics appear to be driven in particular by increased traction (not exhaustive) in the following verticals:

#DeFi: Liquid Staking, Wombat Ecosystem
#GameFi and #SocialFi: Hooked, GameTa

[2/11]
BNB Chain’s recent Active Address market share has seen a spike to the following:

Increased traction in the #GameFi and #NFT sector, with new #dApps like @Gameta_Official, @HookedProtocol, @tinyworldgamefi, @P12, enjoying huge popularity among users.

[3/11}
Let’s look at the progress of some of the aforementioned #dApps:

@Gameta_Official a #Web3 gaming platform providing a matrix of hyper-casual games, migrated from Solana to BNB Chain in late Aug and currently averages around 70k to 90k DAU in October.

[4/11] Image
@HookedProtocol a social protocol building a connection network to spark Web3 social engagement, where users can learn, earn and enjoy a gamified experience.

Peaked at 218k DAU on Oct 26th

Use this dashboard to track dApp activity on #BNBChain
dune.com/David_C/BNB-Ch…

[5/11] Image
So, what about BNB Chain’s #TVL gains across the #DeFI ecosystem?

Significant contributing components over the last 3 months have come from:
🔸Liquid Staking
🔸Wombat Ecosystem

[6/11]
Liquid staking gives users the opportunity to stake and receive yield-generating tokens in return.

During Q3, BNB Chain implemented liquid staking with three platforms:
@ankr, @stader_bnb & @pSTAKE_stkBNB.

400k BNB (130m USD) staked by Nov:
dune.com/David_C/liquid…

[7/11] Image
What is the Wombat Ecosystem about?

Currently, there are two parts, the Wombat Exchange, a stableswap.

@WombatExchange is a stableswap akin to Curve, which has approx $200m in TVL as of Nov 7th. (source:
@WombatExchange).

[8/11] Image
Catalyst driving growth in TVL on the Wombat Ecosystem is #WOMWars with @Mapgiexyz_io, @WombexFinance, @QuollFinance battling to control the veWOM supply.

By securing most veWOM, protocols can use voting power to ensure that their liquidity pools offer highest rewards.

[9/11]
Currently @WombexFinance controls about 39% of all veWOM, whilst

@Mapgiexyz_io has 29% and @quoll has 8.1% - see screenshot below.

Refer to this dashboard ⤵️
(dune.com/David_C/wombat……) to get real time insight into the current state of #WOMWars!

[10/11] Image
Stay tuned as we look ahead to exciting times for #BNBChain.

We’ll be keeping you in the loop through regular updates and similar threads, follow us for more in the near future!

[11/11]

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More from @BNBChainDevs

Nov 22, 2022
Pipeline, a term relating to high-frequency in architecture design.

So, what is the pipeline in blockchain then? 🤔️

The @Nodereal_io team outlines the pipeline mechanism in its latest post covering #BSC Performance Anatomy series 📖
bnbchain.org/en/blog/bnb-sm…

🧵 [1/7]
In a nutshell, the pipeline is a mechanism that divides a process into several stages, different stages can be processed concurrently in an organized way... ⌛️

[2/7]
As @Nodereal_io has introduced the stages of the block process in a previous post, the diagram below represents the whole process.

nodereal.io/blog/en/bnb-sm…

[3/7]
Read 7 tweets

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