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The Bohr hard fork, scheduled for mainnet on September 26, brings significant upgrades to BNB Smart Chain, including BEP 341 for consecutive block production. (Read More)
The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained mostly flat, down 5% quarter-over-quarter (QoQ), the network’s key metrics showed both positive and negative [...]
The post BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits appeared first on Crypto Breaking News.
BNB Smart Chain (BSC) introduces significant changes to its Maximal Extractable Value (MEV) strategy to enhance network efficiency, security, and user experience. (Read More)
Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
Losses from scams and exploits increased in the second quarter as centralized exchanges lost millions, reversing a previous downtrend.
BNB Chain introduces BEP 336, a major update aimed at optimizing data storage and reducing transaction costs by up to 90% with Blob-Carrying Transactions. (Read More)
BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.
Binance to conduct BNB Smart Chain (BEP20) wallet maintenance, suspending deposits and withdrawals. (Read More)
Binance integrates DeXe (DEXE) on BNB Smart Chain, enabling deposits and withdrawals. (Read More)
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.
XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker.
BNB Chain has shown resilience and strong growth in Q1, despite the 15% drop in its market capitalization. The blockchain ecosystem started 2025 on a strong note, showing solid financial and on-chain performance. With steady activity and positive results, it proved its ability to stay strong and deliver value despite external market pressure. According to […]
The BNB Chain core development team said the move aims to streamline the network and improve efficiency.
BNB Chain has become one of the most popular networks for trading USDT, surpassing other blockchain networks like TRON and Ethereum. Last month, it hit almost 12 million active wallets, showing its growth. This increase in users could be linked to the rise in meme coin and perpetual swap trading. As a result, BNB Chain […]
BNB Chain has successfully carried out its 31st quarterly burn, removing 1.57 million BNB from circulation. The burn resulted in an elimination of about $916 million worth of tokens. Although there was a small drop in price, the burn is meant to help boost scarcity and support the value in the future. The Binance Chain […]
While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar copycat exploits, according to BlockSec.
BNB Smart Chain introduces BEP 336 upgrade, inspired by Ethereum's EIP 4844, to optimize data storage and reduce transaction costs, preparing for a network performance boost. (Read More)
The reported attacker is a known exploiter, labeled "Fake_Phishing750" by BSCScan.
By working with BNB Chain, GAIMIN aims to serve as a base layer for Web3 games.
GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX’s 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at $524,232 and $328,935, respectively. Ethereum and Uniswap are the only two major protocols more active than the perpetual trading decentralized exchange, per the above data. During this time, the total Gas fees accrued in Ethereum exceeded $5 million. In Uniswap, it was over $2.1 million, roughly 4x GMX’s and BSC’s daily fees. Related Reading: Binance USD (BUSD) Exchange Reserves Dry Up, Reason Behind Bitcoin’s Slowdown? GMX supports trading various coins, including BTC, ETH, and AVAX. As of writing, GMX had $96,802,651,673 in total trading volume with open interest, that is, the number of opened positions, long and short, of $207,102,720. Meanwhile, over 208,000 active traders were using the platform to trade on Arbitrum and Avalanche. GMX launched on Arbitrum and Avalanche, considering their scalability and low fees versus Ethereum. Arbitrum is Ethereum’s layer-2 platform permitting scalable and low-fee trading fees. On the other hand, Avalanche is scalable and boasts the fastest settlement time in crypto. By launching on these two platforms, GMX says it allows users to save on costs by entering and exiting positions with minimal spread and zero price impact. Traders take the profits of selling positions in USDC and the quote token when they go long. GMX prices are based on Chainlink’s decentralized oracles to prevent price manipulations. Trading Fees As A Measure Of Activity Trading fees generated by a dApp or on a blockchain are a crucial activity indicator. Despite the tendency of users to opt for protocols offering near-zero fees, the decentralized nature of blockchains means validators or entities securing core infrastructures must be compensated. In decentralized finance dApps like Uniswap and GMX, trading fees generated from swapping activities are distributed to liquidity providers (LPs). There are also governance tokens that are distributed. Anyone can be an LP. Related Reading: How Uniswap Was Saved From Critical Vulnerability By This Security Firm In September 2020, Uniswap distributed UNI to users who had, in one way or another, used the protocol to swap tokens before the airdrop distributing date. Currently, UNI trades at $6.1. Interestingly for GMX, the 1-day trading fee of $589,000 posted on January 19 exceeds the total average amount accrued over the past trading week of $565,682. The same trend can be observed in the top-5 most active platforms. Making extensions on this could point to renewed interest from users and traders using the protocol in one way or another. In GMX, it could mean more traders are posting traders, aiming to clip the market and turn in a profit. Coincidentally, the upswing in trading fees is recorded when the cryptocurrency market appears to be bottoming up after losses. At least, this was the trend in 2022. Featured image from GMX, charts from TradingView.com
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