BNB
by BSC News
September 6, 2022
Happy Birthday, BNB Chain! A look into BNB Chain performance and Binance ecosystem updates from August 26 and September 3, as BNB Chain turns two.
Here are some key metrics of BNB Chainโs performance between August 26 and September 3:
To make for an optimal user experience, the BNB Chain and the Binance ecosystem saw many significant developments between August 26 and September 3. These included the launch of BNB Boost on CoinMarketCap, the addition of NEAR and LDO tokens as a new borrowable asset, the suspension of deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC), and more.
On August 30, BNB Chain announced the launch of the BNB Boost Campaign on CoinMarketCap. Through this campaign, users can earn up to $250,000 by completing lessons on products offered by leading DeFi protocols on BNB Chain, such as Ankr, Stader Labs, pStake Finance, Wombat Exchange, and Helio Money.
NEAR and LDO tokens as new borrowable assets on Binance Loans
In the last week, Binance Loans announced the inclusion of NEAR and LDO as borrowable assets on the platform. LDO is the native token of Lido Finance, the leading Ethereum liquid staking protocol ahead of the merge. With the merge just a few days from now, the inclusion of LDO as a borrowable asset on its platform is an indication of the continued support Binance has for the Ethereum network transition.
Prior to September 2, Binance had supported the deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and Terra Classic network, and USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network, and Terra Classic network.
However, with the closure of the Shuttle Bridge, Binance, on September 2, announced the suspension of deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20) and Polygon network. The Shuttle Bridge is a Terra-Ethereum bridge that allows Terra assets to be sent between Terra and Ethereum networks.
According to CoinMarketCap, $BNB exchanged hands at $264.55 as of writing. In the past week, BNB coin logged a 7% price decline. In line with the price decline, trading activity on the network also dropped overall, per data from Santiment.
BNB Chain also celebrated its second birthday. The chain commemorated its second year of activity by releasing a video on Twitter to show off past achievements and hype users with some teases for the future.
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