These Projects Are Behind Binance Smart Chain Setting New Txs Volume Records!

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(Edited)

When it comes to investing in crypto it really helps to have your finger on the pulse.

Binance Smart Chain has quickly risen to become a leader in space because it solves the problem of high fee's and slow transactions. These are the projects currently pushing the BSN network to new highs.


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BSC has been on a tare this year stealing away market share from existing networks that don't have solutions available at scale.

The Binance Smart Chain continues to attract new users to it's network, and it should be no surprise that this growth is being driven primarily through the DeFi products being offered.

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These are the top projects by transaction volume currently pushing the BSC to all time highs in terms of traction volumes.

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This list is dynamic and in a constant state of flux, it really just tells us what is hot right now. And what is hot right now may not be hot tomorrow but to crack the top 5 list by transaction volume is no joke.

These BSC project are servicing millions of users on a daily basis:

PancakeSwap

The kings of BSC until someone builds a swap protocol that improves on what we've already got with this one. They've got first mover and have been building brand equity ever since.

PancakeSwap is a decentralized exchange (DEX) that has been created on the Binance Smart Chain. It facilitates the trading of BEP-20 tokens and implements an automated market maker (AMM) model to provide liquidity and allow users to create income streams from their cryptocurrencies.

Mdextech

A new comer to the BSC network that has amassed nearly $4.7B in Total Value Locked. They're trying to do all the things which is cool, think farms and LP's plus DEX and DAO. They're airdropping MDX to existing BSC users, so you may want to check if you've got some free goodies in your bag.

Mdextech is a composite DeFi ecosystem that integrates DEX, IMO, and DAO.

SafeMoon

Another new comer, but that hasn't stopped the project from acquiring nearly a millions users in the matter of a couple months. I did a write up recently on the project here a post titled What is SafeMoon Coin?.

SafeMoon is a DeFi protocol that does three things. It provides static rewards to holders by distributing fee's, automatically builds it's LP on PancakeSwap also through the fee's, and uses a Burn mechanic to reduce total token supply.

The SafeMoon Protocol is a community driven, fair launched DeFi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn.

PancakeBunny

Everyone loves to earn yield on their assets right? If not then you need to get your head checked! PancakeBunny helps you earn more CAKE tokens though auto-compounding vaults. In addition to earning more CAKE you can also earn other tokens passively through your existing assets.

PancakeBunny is a yield aggregator on Binance Smart Chain blockchain (BSC) like Autofarm and AcryptoS. It allows users to earn higher interest on their underlying crypto assets through its advanced yield optimization strategies.

VenusProtocol

Last but certainly not least we have Venus Protocol which is now a main stay on the BSC, regularly appearing among the top transacted projects on the network.

Venus Protocol is a decentralized protocol that brings together the most outstanding characteristics of two of the most successful protocols on the Ethereum network: Maker Dao and Compound Finance.

Binance Smart Chain is hot, and these project are helping to lead the way to record ATH in network use and we haven't even seen NFT's really take off yet on BSC.

The best is yet to come?

Ciao for now,

@agr8buzz

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BSC is becoming the chain for the not so rich to enjoy DEFi. Ethereum is just way out of the range of most people.

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Absolutely, it solves one of Ethereum's largest problems. A timely alternative for sure. I wonder what the landscape will look like in a year or two from now, something tells me BSC will continue to grow rapidly possibly even surpassing ETH in terms of users and TVL. I prefer open source decentralized solutions but the average person out there doesn't give two shits about this, they want speed, ease of use, and low costs.

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For me Safemoon is impressive project for sure
They have to get through this momentum stage, and if they continue it will have something else to do

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The sheer number of wallets that hold SAFEMOON is really incredible. Can't say if they will deliver on their road map or not, but they've now got the users and funds to make it a reality. That said I've seen better teams with more money completely fall flat on their faces and never deliver anything beyond a half baked MVP.

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