BSC

BSC’s Venus Protocol Left With Bad Debt After Liquidations

Binance Smart Chain’s most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has been left with $100M in bad debt because of it.  The liquidations were primarily caused by the massive price swing of Venus’ governance token, XVS. The token jumped 88% from …

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binance smart chain

What Is Binance Smart Chain? Low Transaction Fees But Fickle DeFi Users

As the crypto sell-off continues, the Ethereum community has been more resilient than the Binance Smart Chain ecosystem, even though BSC enthusiasts tout the blockchain as a cheaper, faster alternative to Ethereum.  While TVL on Ethereum had dropped 13% to $104.4B from $120B, Binance TVL had dropped 44% to $20B from $36B, according to data …

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safemoon

Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves

Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high …

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bsc congested

Binance Smart Chain Congestion is Slowing Down PancakeSwap

PancakeSwap, the leading Binance Smart Chain application in terms of market capitalization, blamed recent performance woes on an overloaded blockchain.  “No, #PancakeSwap isn’t slow, BSC is just overloaded right now,” the tweet said. “We also have an ATH number of people using the site.” The increased demand for BSC block space appears to be the …

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PancakeSwap’s Total Value Locked Overtakes Uniswap’s

PancakeSwap, a Binance Smart Chain automated market maker, surpassed Uniswap’s total value locked for the first time yesterday hitting $7.87B, a mark $100M higher than the Ethereum AMM. That makes the BSC-based AMM the largest by assets locked. PancakeSwap’s TVL is more than 53 times larger than it was three months ago when the AMM …

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