Top 10 BNB Chain Projects in 2022

CoinMarketCap published this video item, entitled “Top 10 BNB Chain Projects in 2022” – below is their description.

From PancakeSwap to CryptoBlades, here is a list of the Top 10 BNB Chain projects for 2022

Witnessing explosive growth over the last year, BNB Chain — formerly known as Binance Smart Chain — has solidified its position as the third most popular DeFi ecosystem, with close to $12 billion in assets held in its most successful DeFi protocols.

BNB Chain is a combination of Binance Chain and Binance Smart Chain, which now stands for “Build and Build,” instead of Binance Coin.

Benefiting from extremely high throughput, low transaction fees, and fast transaction completion times, BNB Chain is widely considered to be a low-cost alternative to Ethereum, and there are now well over one thousand projects and tokens already deployed on the platform.

On today’s CoinMarketCap episode, we’re taking a look at the top 10 projects on the BNB Chain for 2022.

🔔 From crypto news, to market moves, and to educational how to videos.

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About This Source - CoinMarketCap

CoinMarketCap is a web service that provides aggregated cryptocurrency market data. It has been owned by Binance since April 2020.

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In This Story: Binance

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

The company has launched various cryptocurrencies: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

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Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

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In This Story: PancakeSwap

PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.

PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes.

The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.

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