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After every week, there are updates from the BNB Chain ecosystem. To keep readers informed, Altcoin Buzz picks some of the important updates from the third week of March.
During the week, BNB Chain entered a collaboration with Aptos blockchain. Also, Binance Labs and BNB Chain will be working with Ultiverse. Let’s take a look at the BNB Chain news.
1 – BNB Chain Collaborates with Aptos
Nowadays, BNB Chain is collaborating with Layer 1 blockchain, Aptos. They plan to boost the adoption of blockchain technology across several applications such as gaming, social media, and much more.
According to the announcement, Both platforms believe they can work together to improve the level of business and technological initiatives. Also, creating new large-scale web2 use cases. Besides, both will initially focus on bridging and ensuring seamless liquidity between both chains. As well as, prioritize security.
🟡 @BNBCHAIN and @aptoslabs partner to onboard 1B users through blockchain adoption#BSCNews #CryptoNews #Cryptocurrency #DeFi #BNBChainhttps://t.co/wR6GgdOP3s
— BSC News (@news_of_bsc) March 20, 2022
2 – Binance Labs and BNB Chain Collaborate with Ultiverse
The venture capital section of Binance, Binance Labs, has announced their latest seed round for the Web3 gaming Metaverse. Ultiverse and BNB Chain plan to create it. Also, it will create the initiative and bring the quality talent.
With this initiative, Ultiverse will be linking Web3 with a VR-suited virtual platform. It will host a first-of-its-kind AAA blockchain game. Additionally, the proposed Metaverse makes it possible for interested players to bring in their NFTs from other chains. Also, the platform can use them in the virtual world and also support NFT and land customization.
Wow wow wow.. BNB Chain and Binance Labs welcoming the first-of-its-kind MetaFi project @UltiverseDAO to the family! AAA metaverse gaming is lit ❤️🔥🔥https://t.co/seIoFKGJAS
— Binance Labs Fund (@BinanceLabs) March 18, 2022
3 – Performance of Decentralised Applications on BNB Chain Ecosystem
Based on a dApp report, the performance of decentralized applications existing on the BNB Chain ecosystem are:
- Venus Protocol ($XVS) recorded the most transaction volume within a seven-day timeframe. It had a total of $1.48 billion in transaction volume.
- PancakeSwap ($CAKE) follows closely in second place with a total of $1.35 billion in transaction volume within a seven-day timeframe.
- Alpaca Finance ($ALPACA) is in third place with a total of $968 million in transaction volume within a seven-day timeframe.
- Biswap ($BSW) is in fourth place with a total of $678.2 million in transaction volume within a seven-day timeframe.
- Solo. top is among the top five with a total of $658.05 million in transaction volume within the seven-day timeframe.
Top BSC Dapps By Transaction Volume 7 Days$XVS @VenusProtocol$CAKE @PancakeSwap$ALPACA @AlpacaFinance$BSW @Biswap_Dex@solo_top$MDX @Mdextech$ACSI @acryptosdao$BANANA @ape_swap$EPS @Ellipsisfi
$1INCH @1inch#BSC pic.twitter.com/dyVSkqBad6— BSCDaily (@bsc_daily) March 15, 2022
4 – Weekly Performance of DeFi Projects on BNB Chain
Finally, we will go through the performance of DeFi projects on the BNB Chain ecosystem from last week. According to last week’s performance:
- PancakeSwap ($CAKE) recorded the best performance with $4.5 billion in Total Value Locked (TVL).
- Venus Protocol ($XVS) is in second place with a Total Value Locked (TVL) of $1.58 billion.
- Alpaca Finance ($ALPACA) is in third place with a Total Value Locked (TVL) of $0.77 billion.
- Ellipsis Finance ($EPS) is fourth with a Total Value Locked (TVL) of $0.62 billion.
- Tranchess ($CHESS) makes up the top five with a Total Value Locked (TVL) of $0.58 billion.
Additionally, there was a total of 9.75 million completed transactions during the week. Also, there is $11.89 billion in Total Value Locked (TVL).
Weekly #DeFi report just dropped!🤩
Top 5 DeFi on #BNBChain@PancakeSwap@VenusProtocol@Tranchess @Ellipsisfi@AlpacaFinance
🔥Trending project of the week@LayerZero_Labs pic.twitter.com/QH98DBJ5QE
— BNB Chain 🔶 (@BNBCHAIN) March 18, 2022
$BNB Coin Price Outlook
As of the time of publication, the price of BNB was $394.90 with a 24-hour trading volume of $1,2 billion and a marketcap of $66 billion. Also, the price of BNB dropped by 0.1% over the last 24 hours. Besides, it has a circulating and total supply of 168 million tokens.
We hope you’ve enjoyed the latest BNB Chain news.