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The cryptocurrency market is full of opportunities and setbacks. This post is all about the top 3 BNB Chain projects that could be profitable. The market is displaying poor performance but this could be the right time to invest in some good assets. Let’s take a look at it in more detail.
According to Binance, the Binance Smart Chain is a productive smart contract blockchain, It allows programmability that fits with the Ethereum Virtual Machine (EVM). It works in parallel with Binance Chain. The Binance Smart Chain maintains the Binance Chain’s fast performance times and low transaction fees. This BNB Smart Chain (BSC) was earlier called Binance Smart Chain.
Top 3 BNB Chain Projects: Beefy.Finance (BIFI) +64%
Hello @Arbitrum users, it’s time to switch to Beefy.
— Beefy (@beefyfinance) May 20, 2022
🔸 Increased APY
🔸 Optimized Autocompounding
🔸 Lowest fees on #Arbitrum
🔸 Earn what you stake
🔸 Easy Zap in and Zap out
Check Beefy for your favorite token. pic.twitter.com/EKd5FbeqPJ
According to its official website, Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform. It enables users to make a profit (compound interest) on their crypto holdings.$BIFI token is the official token of the platform. These tokens are income shares in Beefy Finance, through which holders make earnings yielded by Beefy Finance when staked, and are allowed to vote on crucial platform conclusions. In the last seven days, the BIFI price has increased by almost 64%. The supply of $BIFI is capped at 80,000 tokens. It is available on Binance.
Top 3 BNB Chain Projects: Prometeus (PROM) +77%
🔥 Prometeus Labs is happy to announce that $PROM is now supported by @CustodyCoinbase 🔥
— Prometeus ($PROM) 🔥 (@prometeusnet) April 28, 2022
Find more details about $PROM and Coinbase Custody following the link below 👇https://t.co/D7UHlCKN4y pic.twitter.com/uZTXNYsjrZ
According to its website, Prometeus Network is a safe and decentralized ecosystem. It is created to fix real-world issues in data brokerage. It was designed for the Influencer Marketing, Medical, and Insurance data market enterprises. In the last seven days, the native token PROM’s price has increased by almost 77%. The platform describes itself as a peer-to-peer network. It is created to transmit worldwide and free, without any censorship. It permits purchasing and selling any data in a secure and decentralized way. It is available on Binance.
Top 3 BNB Chain Projects: Kyber Network Crystal (KNC) +108%
🚀#KyberSwap Launches on @BitTorrent with $1.5M in Liquidity Mining and Incentive Rewards!
— Kyber Network (@KyberNetwork) April 18, 2022
🎉🤑Trading competitions, Giveaways and Liquidity Mining rewards up for grabs!
📖Learn more: https://t.co/S51QHgqO53
🔄Trade now at the best rates: https://t.co/WJ1GoGRblW pic.twitter.com/oV0ETiH6xJ
Kyber Network is an epicenter of liquidity protocols that collects liquidity from different sources to deliver safe and instant transactions on any decentralized application (DApp). The primary objective of Kyber Network is to allow DeFi DApps, decentralized exchanges (DEXs), and other users effortless access to liquidity pools that deliver the most reasonable rates. In the last seven days, the native token KNC’s price has increased by almost 108%.
Conclusion
There are many such promising projects on the BNB Chain. Noticing volatile growth in one year, the BNB Chain — previously Binance Smart Chain — has firmed its place as the third most widespread Defi ecosystem, with near to $12 billion in assets maintained on its most flourishing DeFi protocols. BNB Chain is a mixture of Binance Chain and Binance Smart Chain.
Profiting from exceptionally high throughput, lower transaction fees, and quick transaction fulfillment periods, BNB Chain is believed to be a low-cost option for Ethereum.