by BSC News
July 31, 2022
A look into BNB Chain performance and Binance ecosystem updates from July 22-28
Here are some key metrics of BNB Chain’s performance between July 22 and 28:
In the period under review, many developments occurred on BNB Chain and within the Binance ecosystem. These include selecting participants for the Most Valuable Builder (MVB) V Accelerator Program, adding the APE coin as a borrowable asset on the Binance Loans platform, opening four new liquidity pools, and more.
The MVBV Accelerator Program
Following the receipt of more than 650 applications for its MVBV Accelerator Program, BNB Chain announced on July 27 the selection of 27 projects to participate in the latest iteration of its accelerator program, MVB V: Uncharted Territory. According to the blog post, the projects selected were chosen because of their focus on “infrastructure and tooling, decentralized finance (DeFi), SocialFi, NFTs, and GameFI.”
APE Now a Borrowable Asset
On July 26, Binance announced the addition of the APE token as a borrowable asset on its Binance Loans platform. As a result, users are now able to borrow APE tokens and stake a wide range of other crypto assets as collateral.
Four New Liquidity Pools
On July 29, Binance Liquid Swap announced the addition of four new liquidity pools. They include DOGE/BUSD, LINK/BUSD, LTC/BUSD, and the SHIB/BUSD liquidity pools.
Per data from Santiment, the price of $BNB rallied by 6% between July 22-28. In the same period, the coin’s trading volume grew from 1.17 billion to 1.65 billion. Also, the coin’s market capitalization rose from $42 billion to $44 billion.
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