Staked BNB continues to climb despite price fall.
BNB Staking Rises Despite Price Fall
BNB Chain’s validator staking has eclipsed 21 million once again, despite the recent fall in BNB price. The total price value of the staked BNB is roughly $5.2 billion.
The amount of staked BNB tokens first rose above 21 million in late November but fell in early December. The 21 million staked as of December 2022 is a 700% increase from last year. The more staked tokens there are, the more decentralization the chain’s consensus has, and thus more security.
As tweeted by notable personality V_bnbchain in a short thread on Dec. 17, the increase in validator staking gives builders more ability to focus on other priorities.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. 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.
Find more about BNB Chain here:
Source : bsc.news
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