Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Sonjoy on May 06, 2021, 09:24:38 AM
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The decentralized finance (DeFi) ecosystem is growing at an exponential rate, with the Total Value Locked (TVL) extending from a little over $1 billion to $40 billion in just the past year (according to DeFi Pulse). While these kinds of numbers are great for people who got in early, the inflated prices can make it feel like one has already missed that boat. If you feel it’s too late to catch the DeFi train on Ethereum, there are some other promising projects on the Binance Smart Chain.
The Binance Smart Chain is still a new platform and could be the place to find projects that haven't already skyrocketed out of reach in this bull run. Consequently, it can be worth it to inspect the Binance Smart Chain more in detail.
Nevertheless, before we look at any individual projects, let's first take a look at Binance and the Binance Smart Chain, to find out exactly what the Smart Chain does.
Binance, the Largest Crypto Exchange
Most people know Binance as the largest cryptocurrency exchange in the world. But in case you hadn't noticed, Binance has evolved into a lot more than just an exchange. It has become an entire ecosystem. If you want to get a broad overview of Binance and its native token, BNB, make sure first to read our article, "What is Binance Coin (BNB)?" In today's article, we'll be focusing on the Binance Smart Chain.
More info: https://academy.ivanontech.com/blog/defi-deep-dive-binance-smart-chain-and-cedefi#:~:text=Binance%20Smart%20Chain%20provides%20safety,times%20(approximately%205%20seconds).