Sudden Migrant of New projects into BSC

[Google+]

In my opinion, many switch to the BSC network because of the very low transaction fees and of course having a very strong network because it is proven when making transactions using the BSC can provide very good delivery speeds and can provide many benefits.

[Sumi]

How many projects moved to the BSC network because the fees there are lower, but now the transaction fees on the ethereum network have dropped and are starting to normalize, I think before the ethereum fork we have seen a significant change in ETH gas fees.
the ethereum fork could trigger a bullrun for altcoins but we need to look at some important important factors like Bitcoin price and other information from several countries about the rights

[Bobcrypto]

Binance chain will continue to attract new projects because of the following reasons,
1. Transaction fees. Binance smart chain transaction fees is very low compared the to ethereum chain. Many new project wouldn't want to be hindered with high transactions fees because the want new users and investors.
2. Most features on other networks like ethereum, polygon etc are also obtainable on the Binance network.
3. The Binance as an exchange is a popular exchange that has attracted huge investors, traders, and it has large community of users world wide.

[TERMINO]

I think projects that are developed in BSC will not change to erc 20. Instead they will expand their community and probably will do bridging to cater all different kinds of blockchain users. Team knows exactly the best move to implement with enough knowledge to detect which is better and which is not applicable. BSC is big same to eth. Bridging is the key to connect both without missing the link.

[Afony]

There are projects for which there are a lot of platforms and this attracts most investors in terms of not using one platform but several. BSC attracts with its stability in terms of cheap transactions on the network.

[Zezari]

Many projects are already moving to the BSC platform, a very cool and convenient platform on which cool projects have already been developed that need to be invested. In my opinion, the BSC platform is a competitor of Ether, which will fight for the right to be the first in the field of cryptocurrency.

[Goldlife]

Did you guys noticed how current projects are developing in the BSC chain. will Binance chain withstand the huge migration? what that is been designed in Bsc WILL still be credited to ethereum as the founding place for smart contract. there may be a huge movement back to ethereum after the upcoming fork next month. hopefully, that might triggered the bull run on etherum.

Many projects moved to the BSC network because the fees there are lower, but now the transaction fees on the ethereum network have dropped and are starting to normalize, I think before the ethereum fork we have seen a significant change in ETH gas fees.
the ethereum fork could trigger a bullrun for altcoins but we need to look at some important important factors like Bitcoin price and other information from several countries about the rights

[masudginanjar]

When many Ethereum projects with the ERC20 token type were created in 2017 to 2020, everyone was competing to create very good projects based on Ethereum coins.
Then followed by Binance Smart Chain, which at the beginning of 2021 was really very, very perfect in mastering the cryptocurrency market.
But Binance Smart Chain has rivals like Solana, Polkadot and Matic, don't forget this !!

[silkytakyaan86]

Yes you are right. These days new projects are moving towards Binance Smart Chain. Because its fee is also less. And people's faith in it is increasing. And its developing.

[Bobcrypto]

In addition, it is not even proper for all projects even the erc20 tokens to be concentrate on one network. Besides the a network congestion, due to many projects inflow, there is no room for competition, and the result is high network traffic, market monopoly, and higher transaction fees. The coming of Binance smart chain is a good development, at least, to ease the Ethereum network congestion and high transaction fees experienced this days. I think that the launching of more Blockchain networks on the crypto ecosystem is good for further crypto development and growth.