Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Mahindra on October 12, 2021, 02:56:14 PM
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PancakeSwap and GameFi contributed much to BSC's growth metrics and could drive BSC's future.
So far, So Good
The 3rd quarter of 2021 has come and gone, and It's been a very encouraging period for Binance Smart Chain.
Market research website DappRadar on October 7 put out a 3rd Quarter review of the performance of Binance Smart Chain. Virtually every available statistic points to the platform's solid performance during the period.
Barely a year old, BSC has shot up in prominence to become the blockchain of choice for both developers and crypto users. So, what do the statistics say?
Number of Users Explode
In the 2nd quarter of 2021, about 507,000 wallets were active daily on BSC. For the 3rd quarter, the number grew to 608,542 wallets active daily which gives about 20% increase over the previous quarter.
The huge growth is highlighted when we consider the numbers from this time last year, when there were a little over 3,300 wallets active on BSC each day. Looking at current figures the BSC network has seen a growth of more than 18,000%!
Impact of GameFi Revolution
A healthy portion of BSC's growth may be attributed to the 2021 GameFi breakout. Game Decentralized Applications (dApps), especially play-to-earn platforms had a lot of patronage during the 3rd quarter: around 168,000 active wallets interacted with BSC games protocols daily. Comparing it with 2nd quarter figures gives a percentage increase of 1,700%.
The BSC games that contributed most to the numbers are Mobox, CryproBlades and CryptoBay.
other info (https://www.bsc.news/post/binance-smart-chain-quarter-three-recap)
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The Smart Chain platform is currently the most popular personality platform. The way the popularity of this platform has increased rapidly, it has not happened in the case of other platforms. 2021 can be called the golden age of smart chain platforms. Over the past year this platform has shown enviable success. The low gas fee and ease of use and the combination of different platforms make this platform even more attractive to Doug. Very fast smart chain
The platform will put Ethereum far behind.
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PancakeSwap is very amazing !
Quarter 3 for Binance's recap is very clear from PancakeSwap because this platform has really made a huge contribution to Binance.
Transactions every day can be up to millions of transactions that can accommodate huge BNB fees and that is the advantage of PancakeSwap for Binance.
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Not only PancakeSwap but Bakery, Burger, Venus and all platforms based on Binance Smart Chain have a big contribution to be able to continue to support the marketcap of BNB and the proof, please check everything on Coinmarketcap.
I also believe that Binance Smart Chain will one day be able to dominate the Smart contract system like Ethereum which is already at its highest price and this is just my guess.
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The Smart Chain platform is currently the most popular personality platform. The way the popularity of this platform has increased rapidly, it has not happened in the case of other platforms. 2021 can be called the golden age of smart chain platforms. Over the past year this platform has shown enviable success. The low gas fee and ease of use and the combination of different platforms make this platform even more attractive to Doug. Very fast smart chain
The platform will put Ethereum far behind.
Yes, brother, you are right. I agree with you. If there is one platform that is currently the most popular in cryptocurrency, it is the Binance Smart Chain Platform. If we Compare with other platforms than other platforms, then the Binance platform will be far ahead.
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The Binance Smart Chain platform has now reached the point where cryptocurrency has become the platform of choice for as many bounty hunters as there are.The popularity of this platform has not been like this even in the last few years. The popularity of this platform has only increased due to the increase in gas fees on the Ethereum platform.Especially in 2021, the popularity of Binance Smart Chain platform has increased even more.
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I trust BNB more because it has the best exchange, namely Binance.com.
Binance Smart Chain has something super good at coin development that makes DEX as easy as it is Pancake and Bakery swaps.
And also every quarter that BNB coins are always burned which allows the supply of BNB coins to decrease and of course also if the supply is reduced and the demand for coins is high, the price of BNB coins will go up and expensive.
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Every Quarter there is always the latest story and it is guaranteed to be given by BNB.
BNB gives special satisfaction to those who own it and this BNB will really be a unique and expensive coin.
I'm still holding BNB since the price was around 150 USD and my target of selling BNB was through the 4 digits and I'm sure it will be achieved.