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Check Out the 5 Hottest DeFi Projects on BNB Chain
December 5, 2022
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Alpaca, BiSwap, BabySwap, Baby Doge Swap and Stargate were the only major BNB Chain projects to post double-digit increases in TVL in the past week.
Biggest TVL Increases on BNB Chain
The bears are still ruling the cryptocurrency markets, but lately there’s been a hint of green on the charts. In this story we look at the five hottest Decentralized Finance (DeFi) projects on BNB Chain, in terms of seven-day increase in Total Volume Locked (TVL), according to DefiLlama.
The projects highlighted include Alpaca Finance, BiSwap, BabySwap, Baby Doge Swap and Stargate. They are the only BNB Chain projects with a TVL of more than $10 million to post double-digit increases in TVL in the past week.
Alpaca Finance
The top leverage yield farming protocol on BNB Chain, Alpaca Finance posted the top seven-day increase in TVL on the chain, according to DefiLlama.
The 56% increase is even more impressive considering the already considerable size of its TVL is $435 million.
For more on Alpaca Finance, check out the BSC News Alpaca Finance Project Insight.
Where to find Alpaca Finance:
Website | Twitter | Telegram | Discord | Medium | GitHub |
BiSwap
There’s been an industry-wide shift to Decentralized Exchanges (DEXes) after the collapse of the Centralized Exchange empire FTX.
One of the beneficiaries has been BiSwap, the second-leading DEX on BNB Chain after PancakeSwap.
In the past week, BiSwap’s TVL increased by an impressive 32% to bring its total to $242 million. (By comparison, PancakeSwap’s TVL also rose, but by “only” 6%.)
For more info on BiSwap, check out the BSC News BiSwap Project Insight.
Where to find BiSwap:
Website | Whitepaper | Twitter | Github | Telegram
BabySwap
BabySwap is another BNB Chain DEX, but its ecosystem has grown into Baby MetaFi with Automated Market Maker (AMM), Non-Fungible Token (NFT), Gaming and Metaverse elements.
In the past week, BabySwap’s TVL increased by 20% to reach $17 million. Good job, Baby!
For more info on BabySwap, check out the BSC News BabySwap Project Insight.
Where to find BabySwap:
Website | Twitter | Telegram | GitHub |
Baby Doge Swap
They say three makes a trend, and Baby Doge Swap is the third DEX on our list of most-active BNB Chain DeFi projects.
Growing out of $BabyDoge, the project is leveraging the popularity of the memecoin to create a fully-fledged DeFi platform with an AMM, swapping and staking. In the past seven days, the TVL of Baby Doge Swap increased by 15% and now stands at $31 million.
Where to find Baby Doge Swap:
Website | Twitter | Telegram | Reddit | Swap |
Stargate
Rounding out the list is Stargate, which is a bit of a wildcard because it’s a multichain liquidity transfer protocol on seven blockchains. While its TVL is higher on Ethereum and Avalanche than on BNB Chain, Stargate still has a significant presence on BNB Chain, including powering the PancakeSwap Bridge to bring assets from the other six chains onto BNB Chain.
In the past seven days, Stargate’s TVL on BNB Chain grew by 13% to reach $68 million.
Where to find Stargate:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options
October 2, 2023
This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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