Bnb chain


Markets

Binance Burns $450M BNB in Quarterly Move

The burn mechanism is based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter.

DeFi protocol OptiFi lost $661,000 in user funds after an update error. (Pixabay)

Tech

BNB Chain’s Layer 2 Network opBNB Goes Live

The Ethereum Virtual Machine (EVM)-compatible L2 chain scalability solution based on Optimism OP Stack expands the BNB Chain ecosystem to provide cheaper gas fees for projects.

Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)

Markets

BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance

Formerly known as Binance Coin, BNB sunk to as low as $204, its weakest level since late June 2022.

BNB price over past week (CoinDesk)

Tech

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.

(Mohan Murugesan/Unsplash)

Finance

Trader Joe Debuts on Ethereum; JOE Jumps 3%

The DEX's Liquidity Pool was already available on Arbitrum, BNB Chain and Avalanche.

(Trader Joe)

Markets

BNB Chain Burns Nearly $500M Worth of BNB Tokens

The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.

(Jp Valery/Unsplash)

Tech

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.

(Unsplash)

Tech

BNB Chain Releases Layer 2 Testnet Based on Optimism's OP Stack

Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Tech

BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know

Three distinct enhancements aim to make the network faster and more secure.

BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)

Markets

Weekly DEX Volume on BNB Chain Hits Highest in a Year

Lower fees and Binance’s popularity are among the reasons noted by market analysts.

(DeFiLlama)

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