

Weekly Analysis of Binance Ecosystem (Sept. 30- Oct. 6): New Developments, $560M Bridge Hack, 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 Sept. 30 and October 6:
- Weekly Active Users: Weekly Active Users (WAU) on BNB Chain between Sept. 30 and Oct. 6 totaled 3.01 million. This was an 8% decline in the count of weekly users that visited the previous week.
- Weekly Transactions: Within the period under review, 19.5 million transactions were completed on the chain. That represented a 2.5% decline from the 20 million transactions completed the week before.
- Average Daily Transactions: Between Sept. 30 and Oct. 6, BNB Chain logged average daily transactions of 2.78 million, a 2.79% decline from the previous week.
- Average Gas Fee: Transactions on BNB Chain between Sept. 30 and Oct. 6 cost an average gas fee of 0.00073 BNB. This was the same as the week before.
BNB Chain and Binance Ecosystem Update
The Binance and BNB Chain ecosystems recorded a series of developments in the last week. These included the addition of a new class of crypto assets to Binance Loans and Binance Convert, the launch of Zero Maker Fees for Hong Kong Dollar (HKD) makers, the introduction of exclusive offers for users of Binance Options, and more. And, of course, there was the massive BNB bridge exploit where hackers attempted to heist 2 million BNB tokens worth about $570 million.
New Class of Crypto Assets
During the week, a series of cryptocurrency assets were added to Binance Loans and Binance Convert. Ellipsis ($EPX) and Moonbeam ($GLMR) were added as “borrowable assets” on the Loans platform. Meanwhile, Viberate ($VIB) and $GMX were added to Convert against BTC, BUSD and USDT and made tradeable by users with zero fees.
Zero Maker Fees HKD on Binance P2P
On Oct. 3, Binance P2P announced the launch of Zero Maker Fees for Hong Kong Dollar (HKD) makers to run between Oct. 10 and Nov. 1. During the promotion period, all makers deemed eligible who post new advertisements traded with the HKD fiat currency will be entitled to Zero Maker Fees for every successful trade on those pairs.
Exclusive Offers for Binance Options
On Oct. 3, to celebrate the launch of its new Binance Options Platform, Binance announced two exclusive offers for its users. Starting on Oct. 10, Binance Affiliates who refer others to Binance Options are entitled to receive a 30% commission on their eligible referrals’ trading fees on Binance Options. In addition, from Oct. 10 to the end of the year, users who trade on Binance Options are eligible for 30% rebates of their Options trading fees. However, this is not inapplicable to trades for Daily Options.
BNB Chain Bridge Exploit
On Oct. 6, BSC Token Hub, a cross-chain bridge linking BNB Beacon Chain (BEP2) and BNB Chain (BEP 20 or BSC), suffered an exploit that led to the forging of 2 million BNB tokens — about $570 million at current prices.
As confirmed in the chain’s official response to the exploit, the validators on the network were immediately contacted to prevent the further spreading of the incidence.
The chain was temporarily suspended when the exploit was discovered. However, an update was immediately implemented, and the network has since resumed operations.
The hackers managed to move about $100 million off of BNB Chain to other chains, primarily Ethereum and Fantom.
BNB Coin Price Performance
According to CoinMarketCap, $BNB exchanged hands at $274.98 as of writing. In the past week, BNB coin logged a 4% price decline during the week.

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Shift In Buying Momentum: Investor Interest Rises In Pullix ($PLX) Over Solana (SOL) and Polkadot (DOT)

Solana (SOL) and Polkadot (DOT) have come a long way in 2023, each seeing some investor activity. However, Pillux, an upcoming DeFi platform, is looking more profitable in the long run for investors.
Solana (SOL) and Polkadot (POL) are among the top 20 cryptocurrencies by market capitalization and are two altcoins pulling the attention of investors looking to quadruple their profits. But there's another coin that is quickly becoming a top pick for investors, amassing a range of remarkable features that set the scene for it to be one of the best new cryptos to invest in as the crypto market shows more excitement. In this piece, let's find out why Pullix is gaining more interest than Solana and Polkadot.
Pullix ($PLX): Assets Diversification and Liquidity Provision Rallying Investors
Pullix ($PLX) is a highly promising cryptocurrency project set to revolutionize the trading landscape by offering a comprehensive range of assets, including commodities, ETFs, and forex, rarely found in traditional platforms. Distinguishing itself from the norm, Pullix implements a fee structure with zero commission fees and visible tight spreads, enhancing overall profitability for traders, aligning with decentralized finance (DeFi) principles.
Playing a pivotal role in resolving liquidity issues within the DeFi space, Pullix introduces a liquidity provision, allowing traders to contribute liquidity through its dedicated Market Making Liquidity Contribution feature. Additionally, investors can stake cryptocurrencies like ETH and BTC to enhance liquidity in the order book.
Another interesting feature offered by Pullix is the opportunity for traders to earn a passive monthly income through staking other cryptocurrencies for a fixed period and interest rate. This unique offering sets Pullix apart, as major players like Coinbase or Binance do not currently provide a comparable feature.
Currently trading at $0.04, Pullix positions itself as an attractive investment option for traders seeking a unified platform for seamless trading, rewards accumulation, and wealth enhancement. The $PLX, doubling as both governance token and native asset, acts as a gateway to a host of enticing features, including platform usage, exclusive access, reduced trading fees, rewards unlocking, exchangeability, and staking.
Considering its comprehensive features and a projected 100x surge in price, industry experts anticipate a growing influx of investors that may consider Pullix over Solana and Polkadot.
Solana (SOL) Sees More Bullish Sentiment But Investors Are Careful
Solana (SOL) has seen a surprising price surge to $61 since the start of the year when it traded for $9. However, Solana (SOL) has not maintained this upswing. It is currently worth $61, compared to a high price of $66 on December 6, 2023.
In addition to its surge, SOL caught the crypto market's eyes with its total value locked (TVL) on Solana rising to around $670 million on December 5, according to DefiLlama. This last occurred in November 2022.
Sentiment around the Solana coin is bullish, with analysts saying it could witness an upward climb. InvestAnswers, a prominent crypto analyst, predicts that Solana (SOL) might capture 10% of Ethereum’s market capitalization in the next bull market.
If the Solana price sustains above its current price, the altcoin will continue its climb. Regardless, investors are aware that SOL has been trading under bearish for a week and are being careful. However, the price continues to trade above the pivotal support.
Polkadot (POL) Witnesses 7 Day High Of above 6%, a 10.23% Increase
Polkadot (POL), a layer 0 blockchain focused on interoperability and scalability, rose 10.23% to $6.13 on December 6, after seven days of trading above the $5 mark.
Between November 1 and November 30, Polkadot price (DOT) surged 16% from $4.45 to $5.16. Moreover, between November 23 and November 30, Polkadot (DOT) gained 7% as its price moved from $5.21 to $5.56.
Investors still hold a 41% bearish sentiment for the Polkadot coin, according to experts at Changelly. The coin was outperformed by 60% of the top 100 cryptocurrency assets in one year.
Nevertheless, many analysts hold that the project still possesses potential. They predicted Polkadot (DOT) might reach $7 in December 2023, but some investors aren't entirely keen. This may have contributed to the rise of investors flocking to Pullix as it has a great potential of witnessing a price and value surge once it launches in 2024.
For more information regarding Pullix’s presale, see links below:
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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