BiSwap Becomes Latest BSC Protocol to Hit $1 Billion TVL

The protocol continues to rise in the BSC rankings-- could it go higher?

By
Kyle Heise
on
December 18, 2021
Category:
BSC News

BiSwap Reaches Unicorn Status

The BiSwap Exchange on Binance Smart Chain surpassed $1 Billion in total volume locked (TVL) on Dec. 16th, as the protocol turned in $286 million trading volume in 24hrs. The protocol now sits firmly in the top 10 of BSC and flirts with the top 5. 

The Binance Smart Chain network is home to just a handful of billion-dollar protocols, and BiSwap should feel proud of this achievement. BiSwap’s time above the $1 billion mark was short-lived as the TVL fell back to $950 Million on Dec. 17th. 

The BiSwap team celebrated with a Tweet showing off their achievements:


The achievement, albeit shortlived, was recognized by the official Binance Labs Twitter account, sending a congratulatory tweet that read: 

What an achievement, and congrats to @Biswap_Dex

The BiSwap team doesn’t plan to settle under the $1 billion, judging by their response to the Binance Labs tweet: 

“Thank you, @BinanceLabs, for your support! @Biswap_Dex aims to reach great peaks in DeFi!”
Source

Biswap continues to ride the coattails of utility. The protocol has exploded to include PlayToEarn gaming, NFTs, and more. 

A notable attraction has been how the NFT Robbies have gained popularity recently, raking in APYs over 400%. 30,000 Christmas-themed Robbies NFTs sold out in 30 minutes on Dec. 16th as well. The project also has over 100,000 Telegram followers and is aiming to get 200,000. 

According to data at CoinGecko, the native $BSW token currently sits at $1.75, down 17% from its all-time high of $2.13 it hit the previous week on Dec. 8th.

What is Biswap?

Biswap is the first decentralized exchange platform on the market with a three-type referral system and the lowest platform transaction fees (0.1%). It is a decentralized exchange platform for swapping BEP-20 tokens on Binance Smart Chain. Biswap has a popular utility token, BSW, with a huge user base that supports the Biswap ecosystem. Apart from being able to trade BSW tokens, you can also use a wide variety of additional benefits that come with it. Biswap aims to become a benchmark for DEX platforms. 

Where to find Biswap:

Website | Telegram | Twitter | Medium |

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in ETH, CRO, CAKE, and BSC meme projects.

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