Layer by Layer: BNB Chain Holds Steady in Evolving Market Conditions
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- BNB Chain has been a stalwart in the DeFi ecosystem since its initial surge to prominence in 2021, maintaining a significant share of volume and TVL throughout a volatile year in crypto
- Much of its consistency can be attributed to the enduring popularity of the PancakeSwap DEX
- As the stablecoin landscape has started to evolve with the rising usage of BUSD on trading platforms, DeFi development on BNB Chain has started to become increasingly focused on enhancing stablecoin and BNB liquidity in the ecosystem
This research piece is available exclusively to
members of The Block Research.
You can continue reading
this Research content on The Block Research.
Go to Source
Author: Kevin Peng
