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After every week, there are a number of interesting updates from the BNB Chain ecosystem. Altcoin Buzz covers some of the updates from the third week in May to keep readers informed.
During the week, the BNB Chain ecosystem announced it will be offering assistance to projects on Terra. We also take a look at the top gainers on the BNB Chain ecosystem. Let’s examine these updates.
1 – BNB Chain Offers Assistance to Project on Terra
Following the crash of the Terra ecosystem, the BNB Chain ecosystem will be assisting projects on the Terra ecosystem with infrastructural support, and investment.
Additionally, Stader Labs, a staking solutions platform that operates on four blockchains will be one of the first projects to leverage this opportunity. The BNB Chain’s $1 billion growth fund will also serve as an investment opportunity for projects looking to migrate.
Developers suffering on Terra have been offered a helping hand by @BNBCHAIN , with an incentivized route announced. @staderlabs has already begun to utilize BNB Chain, and there may be more yet. (By @Cryptar2 )#CryptoNews #Cryptocurrency #DeFi #BNBChainhttps://t.co/4uReth32aw
— BSC News (@news_of_bsc) May 19, 2022
2 – Top Gainers on BNB Chain
Last week, CoinGecko reported the top gainers (price performance of projects) on BNB Chain. Notably, the report is for a 24-hour time frame on the 22nd of May:
- Baby Doge ($BABYDOGE) holds the most gain. It amassed a 24.2% increase in price performance within the specified timeframe.
- Feed Every Gorilla ($FEG) is in second place on the list. It recorded an 18.6% increase in price-performance within the specified timeframe.
- Ellipsis ($EPS) is in third place. It has a 16.1% increase in price performance within the specified timeframe.
- Wall Street Games Token ($WSG), a next-generation hybrid blockchain-based online gaming platform is fourth on the list. It had a 13.7% increase in price performance within the specified timeframe.
- Kiba Inu ($KIBA) is in fifth place, it has a 12.3% increase in price-performance within the specified timeframe.
TOP GAINERS IN #BNBCHAIN ECOSYSTEM LAST 24 HOURS🚀
🥇 $BABYDOGE @BabyDogeCoin
🥈 $FEG @FEGtoken
🥉 $EPS @Ellipsisfi $WSG @WSGToken $KIBA @KibaInuWorld $LEON @swapleonicorn $MARVIN @Marvin_Inu $NABOX @naboxwallet $ATA @AutomataNetwork $RAINI @raini_coin #BNB #METAVESE pic.twitter.com/hDhqGJDh0Q— BSCDaily (@bsc_daily) May 22, 2022
3 – Token Pocket Collaborates with OpenLeverage
During the week, Token Pocket, a BNB Chain-supported crypto and DeFi wallet entered into a collaboration with OpenLeverage. Following this collaboration, about 10 million users globally in more than 200 countries will be able to transact with OpenLeverage using their wallets.
It is also important to note that OpenLeverage is a permissionless lending and margin trading system. It allows traders to long/short their trading pair on DEXs securely and efficiently.
🎉 @OpenLeverage Partnership with @TokenPocket_TP 🔥
🤝The partnership enables 10M users around the world, with monthly active users exceeding 3.5M in over 200 countries to trade with #OpenLeverage, direct from their wallets💪#BNB #BSC #OPENLEVERAGE #TOKENPOCKET 😍 pic.twitter.com/aOjcnkx2ld
— BSCDaily (@bsc_daily) May 22, 2022
$BNB Coin Price Analysis
As of the time of publication, the BNB price was $326.64 with a 24-hour trading volume of $2,167,124,993. BNB price also rose by 3.0% over the last 24 hours. Besides, it has a circulating supply of 170 Million BNB coins and a total supply of 168 Million.
We hope you’ve enjoyed the latest BNB Chain Updates.