The BNB Chain ecosystem had a strong week, demonstrating significant growth and approaching its all-time high. Key highlights include:
Ecosystem Performance: The overall market cap of the BNB Chain ecosystem increased by 3.8% to approximately $9.4 billion.
BNB Coin: The native BNB coin is performing well, sitting just 1.8% below its all-time high.
Key Metrics: The Total Value Locked (TVL) on the chain reached $7.45 billion, and on-chain activity saw an increase of 9-11%.
Major Developments:
Venus Protocol: The protocol successfully recovered a significant sum of stolen funds, demonstrating the effectiveness of its security and governance measures.
Binance Competitions: The Binance platform is hosting new trading competitions to incentivize user engagement and boost trading volume on BNB Smart Chain.
LineaBuild and HOLO Drops: New airdrops and promotions from projects like LineaBuild and Holo are attracting new users and adding value to the ecosystem.#bnb
