by BSCN
August 15, 2022
A look into BNB Chain performance and Binance ecosystem updates from Aug. 5 to 11
Here are some key metrics of BNB Chain’s performance between August 5 and 11:
BNB Chain and the Binance ecosystem saw many significant developments between August 5 and 11. These include adding the SOL coin to Locked Savings, introducing Zero Maker Fees for Sri Lankan Rupee (LKR) market, announcing support for the upcoming Ethereum Merge, launching the Binance Token Pop Game, and more.
SOL to Locked Savings
Following the addition of $ETC, $ETH, $LDO and $OP tokens to its list of supported assets on Locked Savings, Binance announced on Aug. 8 the addition of SOL, another major cryptocurrency.
Zero Maker Fees for LKR Market
Binance P2P, on Aug. 9, announced the implementation of a zero-maker fee structure for every successful trade made by makers who post new advertisements traded with the Sri Lankan rupee (LKR).
Support for ‘The Merge’
With the transition of Ethereum network into a Proof Of Stake consensus mechanism just a few weeks away, Binance announced on Aug. 10 its support for the upcoming Merge. Furthermore, in case new tokens are forked, Binance added that it “will evaluate the support for distribution and withdrawal of the forked tokens.”
Binance Token Pop Game
On Aug. 11, Binance launched its Token Pop Game, where gamers can play for rewards of up to 1,000 BUSD.
According to data from Santiment, the price of $BNB rallied by 2.5% from Aug. 5 and 11 and its market capitalization rose from $50.85 billion to $52.24 billion. However, trading activity on the network declined by 4%.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Looking for a job in crypto? Check out the CryptoJobsNow!
Latest News
November 23, 2024
Weekly Article Recap: 11/18-11/22
November 22, 2024
Gary Gensler’s Departure and Its Impact on Crypto
November 22, 2024
Solana ($SOL) Hits All-Time High of $264: Possible Factors Behind the Surge
November 22, 2024
Trump’s New Crypto Advisory Committee Expected to Create U.S. Bitcoin Reserve: Report
November 21, 2024
Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"
November 21, 2024
Trump’s Team Discusses Potential White House Crypto Role Amid Growing Industry Influence
November 21, 2024
Bitwise Joins Race for Solana ETF Amid Growing Interest in Crypto ETFs
November 20, 2024
Sky Protocol’s Flagship Stablecoin $USDS Expands to Solana