DeFi News From Last Week

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Leading BNB Chain DEX PancakeSwap Plans Multichain Expansion

PancakeSwap has long been the leading Decentralized Exchange (DEX) on BNB Chain, maintaining a substantial lead in Total Value Locked (TVL) throughout market highs and lows. The project recently revealed that it would be expanding to other chains in the near future, although the team stated it was unable to disclose the exact chains.

Read more about the exchange’s multichain plans here.

Binance CEO Applauds New US Crypto Policy Announcement

The United States recently released a new policy report that aims to tackle digital asset framework, infrastructure, and regulation in the country. While some industry members have expressed concern about the proposed regulation, Binance CEO Changpeng Zhao (CZ for short) was not among them. The notorious executive praised the comprehensive policy and indicated it was a step in the right direction for regulation.

Read more about CZ’s reaction to the policy here.

Why Are Domain Registration Services Like Space ID Gaining Popularity?

As Web3 transitions from concept to reality, a host of new services and features have begun to gain popularity. One such concept is domain registrations, allowing users to transform complex domains and addresses into easily-readable, customizable phrases. Space ID has leveraged this newly trending feature into significant popularity, and BSC News dives into why they’ve seen such success.

Read more about the surge in popularity of these services here.

How the Ethereum Merge Took Place and What Lies Ahead for the Network

The long-awaited Ethereum Merge has finally taken place, transitioning the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Despite the significant buzz the upgrade generated, many people are still unsure what exactly happened or how it will affect Ethereum in the future. This article recaps the Merge and gives some insight into what happened, why it happened, and what it means for the future.

Learn more about the Merge and its effects in this article.

ApeSwap Puts Another Foot in Polygon with Treasury Bills Offerings

ApeSwap has worked its way into being a leading DEX on BNB Chain, which has led to the project expanding to other chains, starting with Polygon. Along with launching its Treasury Bills on Polygon (an identical product to those launched on BNB Chain), the DEX has also commenced Sustainable Liquidity Mining (SLM) on the chain in partnership with Dogira and TokenTraxx.

Find out more about what the Polygon integrations from ApeSwap bring to the table here.