Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

Binance Smart Chain (BSC) has demonstrated notable growth in key metrics during the fourth quarter (Q4) of 2023, as highlighted in a comprehensive report by Messari. As the third-largest Layer-1 protocol by market capitalization, BSC experienced positive progress across its financial indicators, signaling a productive quarter for the blockchain ecosystem.

Timeline of Bowscoin

The captivating Binance Smart Chain (BSC) Network has morphed into a powerful force within the blockchain ecosystem, offering various benefits and opportunities for users and developers alike. Introduced by Binance, a top player in the global cryptocurrency exchange realm, BSC provides a robust and efficient infrastructure for decentralized applications (dApps) and digital asset transactions.

OpenSea, the leading Web3 marketplace for NFTs, has discontinued support for Binance Smart Chain (BSC), a major layer-1 blockchain. The company announced on August 18, a year after initially integrating BSC.

The team of PancakeSwap (CAKE), the largest and most popular decentralized cryptocurrency exchange on BNB Smart Chain, shared the details of the novel opportunity unlocked for PEPE enthusiasts.

There is a substantial flow of assets from Ethereum to the Binance Smart Chain (BSC), according to data from Cryptoflows. Migration From Ethereum To BSC The shift to move assets from the legacy smart contracting network could be driven by the desire to escape high gas fees.

More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows. This migration highlights a growing trend of utilizing Bitcoin within Ethereum's decentralized finance (DeFi) ecosystem and other interesting areas.

CAKE, the utility token of the decentralized exchange, PancakeSwap, remains under pressure days after the Uniswap community voted to launch the exchange on the BNB Smart Chain (BSC), a smart contracting platform. Uniswap v3 went live on the BSC on March 15, bringing stiff competition to PancakeSwap, which has long been dominant on the smart contracting platform.

The team of Scam Sniffer analytical group, developers of holistic anti-fraud software, shared the statistics of wallets affected by the LaunchZone DeFi hack. Although the event took place five weeks ago, thousands of users still did not revoke their approvals on the hacked DeFi.

XRP News: XRP, Ripple's native token price took a hit on Wednesday after riding over a good upward momentum in reaction to the recent updates coming out of the XRP lawsuit. However, the crypto whales have used this price drop in order to add more.

XRP News: Ripple's native crypto, XRP has managed to maintain the upward momentum over the past weeks. XRP has been riding on the positive sentiments building in the crypto market.

Binance Global Inc recently completed its hard fork of the BNB Smart Chain (BSC) network. According to the operator of the world's largest cryptocurrency exchange Binance, the hard fork was successful.