Binance Awards These 6 Binance Smart Chain Protocols as the Projects of the Year

The six protocols recognized by Binance represent the tremendous growth of the decentralized community-driven blockchain.

By
Utulu Hope
on
July 15, 2021
Category:
BSC News

Binance Announces the Best BSC Projects of the Year 2021 During Build to the Moon Concert 

Binance.com announced their list of the best projects in the Binance Smart Chain (BSC) ecosystem during the “Build to the Moon” event. It was held on Wednesday, July 14th. 

Last week, BSC News published an article about Binance’s “Build to the Moon concert.” The event was hosted to celebrate the protocol’s fourth year in the industry. The projects announced were considered by the exchange to be the highest-quality on the network.

Source

The top exchange protocol disclosed the winners based on six categories: BSC-Compatible Wallets, Decentralized Finance (DeFi), Non-Fungible Token (NFT) Marketplaces, Infrastructure, Security, and Gaming & Collectibles. 


Binance Recognizes the Best Six Performers 

The BSC network has seen tremendous growth since its inception in September 2020, becoming one of the best decentralized community-driven blockchains to shape the future of finance.

Binance, to encourage projects building on the fast-rising network, created the recognition awards for projects in the ecosystem. In essence, the awards recognize the top performers (projects) in the BSC space. 

Projects launched after the mainnet launch of the BSC network on 1st September 2020 were nominated. In addition, Binance set some criteria for the nominees, such as stability, their active user base, influence in the market, adoption, and the value of attracted investments. Nominees and recognized projects are community-driven and are in no way funded by Binance. 


Binance Awards: Top Six Binance Smart Chain Protocols 

Binance awarded six protocols based on different categories and criteria. Here are the award winners:

BSC Wallet of the Year: Trust Wallet 

Trust Wallet is the most widely used cryptocurrency wallet in the world. The wallet supports many popular tokens with cross-chain support for BEP20, ERC20, and many other token designations. The secure wallet also has a buy and sell function, allows users to store and view NFTs, and possesses a dApp browser to aid users in exploring the BSC ecosystem. 

BSC DeFi Project of the Year: PancakeSwap

PancakeSwap is the most popular DeFi project on the BSC ecosystem and the biggest in the entire DeFi space across all blockchains. The protocol offers many unique features, all in its easy-to-use interface, such as yield farms, pools, lotteries, collectibles, and swapping. Since launching on the 20th of September, 2020, the protocol has become second to none in the DeFi industry, with a large fanbase of over 12 million users. In addition, PancakeSwap has a Total Value Locked (TVL) of $2.4 billion, with an average 24hour volume above $320 million. 

BSC NFT Marketplace of the Year: BakerySwap 

In terms of an active user base and social proof, BakerySwap is the top NFT marketplace on the BSC network. The protocol has Twitter followers just shy of 340K and over 640K transactions recorded from its 203K minted NFTs. BakerySwap is an innovative platform that offers an NFT marketplace with top-notch DeFi functionalities in a user-friendly interface. 

BSC Infrastructure Project of the Year: BSCScan 

EtherScan’s team of expert creators created BSCScan, and it is the most popular blockchain explorer for BSC. The tool is essential for individuals and project owners in the BSC ecosystem who need access to blockchain data like top wallets, blocks, transactions, and many other statistics. 

BSC Security Project of the Year: CertiK 

CertiK is the most reliable security project on the BSC. The platform helps BSC-based projects achieve decent security, ensuring that users' funds are safe. CertiK guarantees that potential risks are minimized through its auditing process. In addition, the security project contributes a security leaderboard that provides the BSC ecosystem with details of security ratings of projects, including their possible threats. 

BSC Collectible & Gaming Project of the Year: BunnyPark 

BunnyPark is the newest project of all recognized projects. The project is also a top name in the gaming dApp market on the BSC and the Most Valuable Builder (MVB) program, another notable innovation by Binance. BunnyPark gives users authentic NFT collectibles, access to DeFi functionalities, and a unique gaming experience for users to have fun as they earn tokens. 


Conclusion 

The projects above represent the BSC’s successful growth in the DeFi market. These projects have dominated not just the BSC space but also across several blockchains. Projects like PancakeSwap and BSCScan are now household names in DeFi. Binance taking the initiative to recognize their development is a massive boost for BSC. This year is one to remember on the Binance Smart Chain network, and we anticipate more progress in the future of the decentralized community-driven blockchain.

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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.

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