

Weekly Analysis of Binance Ecosystem (Oct. 7- 13): Hard Fork, BNB Burn, Price Action

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BNB Chain performance and Binance ecosystem updates from the last week, including users, transactions, news and price movement.
BNB Chain Key Data Highlights
Here are some key metrics of the performance of BNB Chain between Oct. 7-13:
- Weekly Active Users: Between Oct. 7-13, Weekly Active Users (WAU) on BNB Chain totaled 4.70 million. This WAU index represented a 56% growth from the 3.01 million logged in the previous week. BNB Chain saw an influx of users a week after the BSC Token Hub exploit was swiftly addressed, and an upgrade was implemented on the network. This showed a renewed sense of network security in BNB Chain users.
- Weekly Transactions: In the period under review, 22.7 million transactions were completed on the chain. As WAU grew, the count for weekly transactions on BNB Chain also rose by 16% from the week before.
- Average Daily Transactions: Between Oct. 7-13, BNB Chain recorded 3.25 million average daily transactions. Breaking a four-week-long decline, the count for average daily transactions on BNB Chain rallied by 17% last week.
- Average Gas Fee: Transactions on BNB Chain between Oct. 7-13 cost an average gas fee of 0.00073 BNB. This has remained the same for the last three weeks.
BNB Chain and Binance Ecosystem Update
Like every week, the Binance and BNB Chain ecosystem registered a series of significant developments in the week under consideration. These included the launch of the Binance Gift Card Merchant Incentive Program, the BNB Chain Moran hard fork, the 21st Quarterly BNB Burn, the Options Market Maker program launch, and more.
The Binance Gift Card Merchant Incentive Program
On Oct. 11, Binance announced the launch of its Gift Card Merchant Incentive Program. Scheduled to run till the end of the year, the incentive program is an exclusive program for Binance’s merchant partners. Through the program, merchants deemed eligible stand the chance to receive up to 5,000 BUSD in gift cards monthly when they sell Binance Gift Cards as crypto assets in a peer-to-peer format on any supporting exchange or platform.
BNB Chain Moran hard fork
Following the exploit of the BSC Token Hub bridge, a hard fork upgrade was implemented on BNB Chain on Oct. 12. According to a release on GitHub, the hard fork upgrade was “a temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back.”
21st Quarterly BNB Burn
As a part of its BNB Auto-Burn procedure, Binance, on Oct. 13, completed its 21st quarterly BNB token burn, which saw the destruction of 2,065,152.42 BNB tokens. It was also made up of 4,833.25 BNB that was burned via the Pioneer Burn Program.
Binance Options Market Maker program
On Oct. 13, Binance launched and commenced the Options Market Maker program. The blog post said the program was launched “to further enhance the liquidity on Binance Options and provide a better trading experience for all users.” Under the program, eligible Options market makers may receive higher maker fee rebates and lower taker fees across all Options symbols listed on Binance Options.
BNB Coin Price Performance
According to CoinMarketCap, $BNB exchanged hands at $274.89 as of writing. In the past week, BNB coin logged a 0.27% price decline.

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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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Gyrowin: Revolutionizing Gaming and DeFi with Cross-Chain Innovation

Powered by its native token GW, Gyrowin combines the excitement of lottery games with the security and transparency of decentralized finance to offer users exciting rewards.
Gyrowin, a groundbreaking cross-chain decentralized gaming, liquidity, and asset management platform, is making waves in the world of blockchain technology and DeFi. With a mission to provide transparent and fair reward distribution, Gyrowin is set to redefine how players engage with lottery games and DeFi protocols. Let's delve into the key aspects of this innovative project.

Lottery Games for Fun and Profit
Gyrowin recognizes the enduring popularity of lottery games and is capitalizing on it. Offering a range of lottery games integrated with staking, lending, and borrowing protocols, Gyrowin allows players to have fun while winning. The platform operates game liquidity pools on major chains like BNB Chain, Polygon, Tron, and Solana, offering a diverse gaming experience.
The platform’s variety of cross-chain lottery games include the 6/41 Lottery, Gylotto, 5/9 Lottery, 10 minutes Lottery, and Instant scratch NFT Lottery. This cross-chain approach ensures accessibility and inclusivity for players across the crypto landscape.
Tokenomics
At the heart of the Gyrowin ecosystem lies its native token Gyrowin ($GW), designed to serve multiple functions, including governance voting, liquidity currency, and incentives for DeFi users. The token structure is meticulously balanced, with allocations for various purposes, including liquidity, reserve, marketing and more, ensuring a sustainable supply-demand ratio. Notably, Gyrowin implements a burning mechanism and regular buybacks to maintain token value. Learn more about the token distribution and allocation here.

Borrowing and Lending with Ease
Gyrowin offers a cross-chain DeFi platform for borrowing and lending tokens across multiple chains, introducing unified liquidity pools that provide higher APR for lenders. Users can borrow from different chains seamlessly, eliminating the need for collateral bridging. The platform also offers zero liquidation on collateral, enhancing user security.
Decentralization and Transparency
The platform places a strong emphasis on decentralization and transparency. Leveraging Chainlink oracle VRF for automation and accurate token price information, Gyrowin ensures fair lottery draws and automated lotteries. The platform also utilizes blockchain infrastructures like The Graph and layer zero for a seamless cross-chain experience.
Money Plant Staking and Freeze Lock
Gyrowin's staking process is designed to be competitive and rewarding for participants. Using a first-come, first-served approach and limiting staking amounts, Gyrowin offers higher yields in a short period. The platform’s innovative Freeze lock feature ensures that unlocked tokens are only available for use after a cooling period, providing additional security.
Smart Contracts and Audits
Security is a top priority for Gyrowin. The project's smart contracts have undergone thorough audits by leading security providers such as Hacken and Solidproof, ensuring the highest level of safety for users' assets.
Gyrowin is a game-changer in the blockchain and DeFi space, combining the excitement of lottery games with the security and transparency of decentralized finance. With its innovative approach to cross-chain functionality, governance tokens, and staking, Gyrowin is set to reshape the future of gaming and DeFi.
Stay updated with Gyrowin and its development via the official links:
Website | Twitter | Telegram | Docs
Disclaimer: 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 $400. 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.
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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