Alpaca, BiSwap, BabySwap, Baby Doge Swap and Stargate were the only major BNB Chain projects to post double-digit increases in TVL in the past week.
Biggest TVL Increases on BNB Chain
The bears are still ruling the cryptocurrency markets, but lately there’s been a hint of green on the charts. In this story we look at the five hottest Decentralized Finance (DeFi) projects on BNB Chain, in terms of seven-day increase in Total Volume Locked (TVL), according to DefiLlama.
The projects highlighted include Alpaca Finance, BiSwap, BabySwap, Baby Doge Swap and Stargate. They are the only BNB Chain projects with a TVL of more than $10 million to post double-digit increases in TVL in the past week.
The top leverage yield farming protocol on BNB Chain, Alpaca Finance posted the top seven-day increase in TVL on the chain, according to DefiLlama.
The 56% increase is even more impressive considering the already considerable size of its TVL is $435 million.
For more on Alpaca Finance, check out the BSC News Alpaca Finance Project Insight.
Where to find Alpaca Finance:
There’s been an industry-wide shift to Decentralized Exchanges (DEXes) after the collapse of the Centralized Exchange empire FTX.
One of the beneficiaries has been BiSwap, the second-leading DEX on BNB Chain after PancakeSwap.
In the past week, BiSwap’s TVL increased by an impressive 32% to bring its total to $242 million. (By comparison, PancakeSwap’s TVL also rose, but by “only” 6%.)
For more info on BiSwap, check out the BSC News BiSwap Project Insight.
Where to find BiSwap:
Website | Whitepaper | Twitter | Github | Telegram
BabySwap is another BNB Chain DEX, but its ecosystem has grown into Baby MetaFi with Automated Market Maker (AMM), Non-Fungible Token (NFT), Gaming and Metaverse elements.
In the past week, BabySwap’s TVL increased by 20% to reach $17 million. Good job, Baby!
For more info on BabySwap, check out the BSC News BabySwap Project Insight.
Where to find BabySwap:
Baby Doge Swap
They say three makes a trend, and Baby Doge Swap is the third DEX on our list of most-active BNB Chain DeFi projects.
Growing out of $BabyDoge, the project is leveraging the popularity of the memecoin to create a fully-fledged DeFi platform with an AMM, swapping and staking. In the past seven days, the TVL of Baby Doge Swap increased by 15% and now stands at $31 million.
Where to find Baby Doge Swap:
Rounding out the list is Stargate, which is a bit of a wildcard because it’s a multichain liquidity transfer protocol on seven blockchains. While its TVL is higher on Ethereum and Avalanche than on BNB Chain, Stargate still has a significant presence on BNB Chain, including powering the PancakeSwap Bridge to bring assets from the other six chains onto BNB Chain.
In the past seven days, Stargate’s TVL on BNB Chain grew by 13% to reach $68 million.
Where to find Stargate:
Source : bsc.news
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