BNB Chain continues to expand and produce exciting protocols in the industry across different ecosystems.
The Best Dapps on BNB Chain
BNB Chain released its list of top Decentralized Applications (dApp) in July, featuring eight protocols. The industry-innovating network is never short of top-notch dApps utilizing its unique offerings.
Like the June dApp all-stars list, which BSC News published on June 23, this month’s list comprises projects from different fields, including Non-Fungible Tokens (NFT), GameFi, and Decentralized Finance (DeFi).
The official Twitter page of BNB Chain, on July 21, unveiled the eight outstanding projects. Further, the BNB Chain blog reviewed the platforms’ growth. Let’s check out the protocols below and their key highlights.
1. Open Leverage
Open Leverage is a permissionless margin trading protocol built on BNB Chain. The protocol was one of the 14 projects in the Binance Labs Incubation program Season 4.
Open Leverage has made significant progress since deploying its mainnet on BNB Chain in February. Here are the highlights and upcoming developments from the BNB Chain project Star:
Since building on BNB Chain, Open Leverage has collaborated with numerous leading protocols on the network, including BiSwap and PancakeSwap.
Within three months, the DeFi protocol surpassed $480 million in trading volume and recorded $12 Million in Total Value Locked (TVL).
In June, the protocol received significant funding from Binance Labs to accelerate its development.
Through the incentive, Open Leverage aims to create a decentralized crypto securities service for both retail and corporate clients, build an asset management infrastructure integrating the global DeFi space, provide decentralized lending, and launch derivatives trading.
2. BiSwap
BiSwap is a Decentralized Exchange (DEX) that offers low trading fees (0.1%) on BNB Chain and in the DeFi space. Users utilize the DEX to swap their BEP-20 tokens at a breakneck speed, thanks to BNB Chain. Here are the protocol’s milestones on the secure network:
BiSwap DEX launched fixed staking in April. The feature allows top token holders to expand their portfolios with no risk. Interestingly, it is the first time a DEX has established the feature on BNB Chain.
In June, Biswap updated its native NFT marketplace to v2.0 with numerous features and designs.
For one week, from July 1 to 7, the DEX was the second dApp in terms of weekly volume, according to DappRadar.
3. Tiny World
Tiny World is the first GameFi project on BNB Chain’s July Project Stars list. The blockchain game combines NFT, gaming, and DeFi, all in one universe. The protocol allows users to collect NFTs, battle their way to becoming number one on the leaderboards, and enjoy exciting PlayToEarn (P2E) experiences.
What has the protocol achieved so far?
Tiny World launched TinyDAO in March to give users the right to manage assets and achieve governance on its platform.
Tiny Coin (TINC) gives holders the right to decide on the growth and development of Tiny World.
4. Summoners Arena
Summoners Arena is a Play-Own-Earn idle-RPG game on BNB Chain. Players engage in activities of pure recreation and entertainment. The platform aims to deliver a new world where players can live within the game and enjoy an immersive experience.
Below is the protocol’s notable achievement on BNB Chain since going live on May 26:
Summoners Arena successfully launched its open beta and official game version before July.
Within one month of launch, the protocol paraded over 11,000 registered accounts and numerous NFT holders.
The protocol has also completed Phase 2 of its feature roadmap, containing several gameplay and ecosystem updates.
The protocol has commenced its Phase 3 development. You can see the upcoming developments in the snapshot below:
5. Rocki
Rocki is an NFT platform that brings music streaming services to BNB Chain. The platform aims at delivering a digital payment ecosystem for music powered by NFTs to compensate artists.
Let’s take a look at their achievements so far:
Rocki’s first NFT sale raised 40 ETH for 50% royalties using the ERC721 token standard.
Since launching on BNB Chain, Rocki has had the industry’s most significant music NFT library.
The protocol also has over 20,000 registered users, more than 9,000 artists, and 2,000+ sold NFTs.
6. Melos
Melos is another music NFT platform that has recorded huge numbers on BNB Chain. The platform aims at capturing music inspiration through NFTs by giving users the avenue to create music through its unique features.
As stated earlier, Melos has made good progress on BNB Chain, particularly in July:
Melos launched its long-awaited DNA Tree function in July.
The feature allows users to modify songs created by artists on Melos.
Users can remix NFT works on Melos with DNA Tree and pay the original owners.
7. Parsiq
Parsiq is a full-suite data network used to build the backend for Web3 dApps and protocols. The platform provides clients with solutions and products to store and secure data. Here are the protocol’s highlights:
Parsiq released its flagship product, Tsunami API, in July.
Tsunami API gives users raw data from the entire history of different chains, including BNB Chain and Ethereum.
With Tsunami, Parsiq has moved further to create the world’s most powerful data services hub.
According to its roadmap, the protocol plans to build more data hubs, data lakes, and a plug-and-play developer SDK.
8. Space ID
Space ID built on BNB Chain is a universal name service network that connects users, assets, information, and applications in the digital world. The protocol allows users to connect their usernames with multiple blockchains.
With Space ID, users can connect their Web3 accounts, including Twitter and Github, to Web3. These are the protocol’s achievements:
Space ID is about to launch the .bnb domain name service.
The protocol was selected from over 650 teams enrolled for the Binance Labs Incubation Program Season 5.
Further, Space ID is one of 27 teams that will receive numerous perks, including workshops and a mentorship program from BNB Chain.
BSC News will continue monitoring the dApp ecosystem on BNB Chain as the network continues to produce more top budding projects, irrespective of the market environment.
What Is BNB Chain:
BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain-powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
For more information on BNB Chain, these links:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
