The Binance Smart Chain(BSC) ecosystem makes up 44% of the $1.9T cap crypto market. That’s according to data presented by Stockapps.com. Per the data, the BSC ecosystem held a market cap of about $844 billion.
Additionally, it had grown by over 8% in the last 24 hours due to it surpassing the $121B trading volume.
Stockapps.com’s Edith Reads has spoken about the data. She said, “It’s exciting times for the Binance Smart Chain as it positions itself as the go to platform for the Defi and Blockchain gaming communities. That’s because its infrastructure and pricing resonate with many in the blockchain scene. It isn’t difficult to see that it’ll grow further propelled by increasing adoptions of these sectors.”
Leading BSC ecosystem tokens
Ethereum (ETH) sits at the peak of the ecosystem’s tokens. The asset recorded a market cap of $361.9B. That figure represented an 8.71% increase from a 24-hour trading volume of $19.70B (6.5M ETH).
Additionally, it had a circulating supply of about 119.5 million ETH. The coin traded at $3,029 at press time from its 24-hour lows of $ 2,768. Stablecoin Tether (USDT) came in second with a cap of $ 77.95B from an equal circulation of coins.
The study’s most impressive tokens were Binance Coin (BNB), Polkadot (DOT), and Avalanche (AVAX). These surged by between 14 and 15.5 percent, taking the third, sixth, and eighth positions. Whereas BNB had a cap of $70. 79B, DOT’s, and AVAX’s were $21.9B and $19.7B, respectively.
BSC knocking ETH off its perch?
The BSC platform has seen a surging interest from crypto enthusiasts. For instance, it recorded 14.7 million transactions on 17th November 2021, a record for a single BC project.
Several factors explain BSC’s growing popularity. First, it offers the same functionality as Ethereum, the first mover in smart contracts. However, BSC users pay significantly less fees compared to ETH. Its affordability attracts DeFi and gaming lovers.
Additionally, BSC is a modern BC with greater scalability than ETH. Users experience faster transaction times and can issue custom cryptos.
That said, it faces some criticism. For example, it has only 21 validators making it a centralized entity.
18 comments
buy atorvastatin 80mg purchase atorvastatin for sale buy atorvastatin 20mg pill
buy ciplox 500mg sale – tindamax online buy erythromycin usa
order valacyclovir 500mg generic – buy generic acyclovir 800mg zovirax 800mg generic
stromectol for sale online – sumycin 250mg tablet order tetracycline 500mg pills
where can i buy cheap retrovir – metformin 1000mg over the counter allopurinol 100mg for sale
clozaril drug – buy generic clozapine for sale order famotidine online cheap
amoxicillin tablet – duricef 250mg price how to buy baycip
stromectol medication – aczone cheap buy cefaclor sale
order ventolin inhalator without prescription – order promethazine 25mg sale theo-24 Cr uk
desloratadine generic – brand aristocort buy albuterol online
micronase 2.5mg drug – dapagliflozin pills order dapagliflozin 10mg generic
order prandin 2mg without prescription – repaglinide 1mg us empagliflozin generic
metformin for sale online – acarbose usa generic precose
rybelsus 14 mg pills – cheap desmopressin order DDAVP generic
buy ketoconazole 200 mg online – sporanox 100mg cost sporanox cheap
buy famvir 500mg sale – famvir over the counter order valaciclovir 1000mg pill
digoxin 250 mg tablet – purchase lasix sale lasix 100mg pills
order hydrochlorothiazide 25 mg without prescription – buy cheap hydrochlorothiazide buy cheap zebeta