BNB Chain | ForkLog

ForkLog 45 16.03.2021

The Binance Smart Chain Case: Why Users Choose Low Fees Over Decentralisation

The hype around the Binance Smart Chain (BSC) DeFi ecosystem is gaining momentum amid record Ethereum network fees.

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ForkLog 16 15.03.2021

CZ urges users to refrain from interacting with PancakeSwap and other BSC projects amid DNS hijack attack

The head of Binance, Changpeng Zhao, urged users to temporarily refrain from interacting with PancakeSwap and Cream Finance. These and other DeFi projects built on the Binance Smart Chain (BSC) have come under attack.

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ForkLog 8 15.03.2021

Robonomics Begins Integration with Binance Smart Chain

Robonomics, a blockchain platform, has begun integrating with the Binance Smart Chain (BSC) ecosystem, according to ForkLog. In partnership with the decentralized exchange AnySwap, the developers launched a bridge between the ERC-20 and BEP-20 XRT standards. According to the press release, the PancakeSwap protocol on BSC will list the XRT token. Trading will begin on March 16 at 18:00 MSK. The staking reward will be around 13 XRT for each 1% of the liquidity pool. Earlier in February, the 1inch liquidity aggregator from decentralized exchanges {{AOPEN_1}}integrated{{ACLOSE_1}} with Binance Smart Chain. Subscribe to ForkLog's news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.

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ForkLog 17 15.03.2021

Analysts divided over real activity on Binance Smart Chain

PancakeSwap's ascent to the top on the Binance Smart Chain by TVL drew mixed reactions from analysts.

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ForkLog 23 09.03.2021

Binance-backed non-custodial DODO loses $3.8 million to vulnerability

The DODO exchange operating on the Binance Smart Chain lost $3.8 million in the attack.

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ForkLog 57 05.03.2021

February 2021 in numbers: Bitcoin tops $1 trillion in market capitalization, Binance Smart Chain surges, and the NFT ecosystem booms

Bitcoin’s market capitalization crossed $1 trillion, Binance Coin joined the race for third place amid DeFi ecosystem successes on Binance Smart Chain, and the NFT sector went into overdrive.

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ForkLog 50 04.03.2021

DeFi project Meerkat Finance on Binance Smart Chain suspected of exit scam

Hackers drained Meerkat Finance on the Binance Smart Chain of crypto assets worth about $32 million (13.96 million BUSD and 73,635 BNB). Users suspect the project developers of an exit scam. Meerkat Finance began operations just a day before the incident; at the time of writing, the project site was unavailable and the Twitter account had been deleted. According to a blockchain analyst, assets are distributed across several wallets; the alleged attackers altered the project's smart contract using the developers' account, suggesting the founders' keys may have been obtained, or this was an exit scam. The Meerkat Finance incident is the largest on the Binance Smart Chain to date. The Block reports that Binance has engaged investigators from Certik, PeckShield and Slowmist. The Telegram group of victims, “Meerkat_Rugpull”, now has 209 members. In early February, ForkLog reported on {{AOPEN_1}} exit scams of four projects on the BSC {{ACLOSE_1}}. Despite the relatively high centralization, Binance Smart Chain has attracted more DeFi users due to lower fees than Ethereum, where fees were at record highs. Earlier, the amount locked in PancakeSwap on the Binance Smart Chain {{AOPEN_3}} exceeded $4 billion {{ACLOSE_3}}. The daily volume of BSC transactions was more than twice that of Ethereum. The outflow of liquidity from Ethereum DeFi protocols to BSC allowed Binance's native token to rise to third place by market capitalization {{AOPEN_4}}{{ACLOSE_4}}. Earlier ForkLog reported that AMM platform {{AOPEN_5}} 1inch released a governance token on Binance Smart Chain {{ACLOSE_5}}. Subscribe to ForkLog news on Twitter.

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ForkLog 21 04.03.2021

PancakeSwap Surpasses Uniswap in TVL on Binance Smart Chain

The value locked in the PancakeSwap protocol on the Binance Smart Chain (BSC) exceeded $4 billion.

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ForkLog 9 03.03.2021

SpaceSwap launches Binance Smart Chain version of its platform

On February 24, the SpaceSwap DeFi aggregator team launched the platform version on Binance Smart Chain (BSC). This was reported in the project's blog.

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ForkLog 31 25.02.2021

DeFi project 1inch launches governance token on Binance Smart Chain

The liquidity-aggregator of decentralized exchanges, 1inch, deployed the 1INCH governance token on the Binance Smart Chain (BSC). ForkLog reported this to project representatives.

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ForkLog 17 22.02.2021

21Shares assets under management exceed $1 billion

The Swiss provider of crypto exchange-traded products 21Shares said its assets under management (AUM) rose to $1 billion in two weeks.

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ForkLog 22 19.02.2021

Binance Coin pushes Tether from third place in the market-cap ranking of assets

In the last 24 hours, Binance's exchange token rose by almost 50%. This enabled it to take third place by market capitalization among crypto assets, overtaking Tether (USDT) and challenging Cardano (ADA) and Polkadot (DOT).

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