Weekly Analysis of Binance Ecosystem (Oct. 14-20): Taker Upgrade, CMC Index, Aptos Listing

BNB Chain performance and Binance ecosystem updates from the last week, including users, transactions, news and price movement.

BNB Chain Key Data Highlights

Here are some key metrics of the performance of BNB Chain between Oct. 14-20:

Weekly Active Users: Between Oct. 14-20, Weekly Active Users (WAU) on BNB Chain totaled 3.93 million. This represented a 16% decline from the surge registered in the previous week.

Weekly Transactions: In the period under review, 22.4 million transactions were completed on the chain. The count for weekly transactions on BNB Chain dropped by 1.32% from the week before.

Average Daily Transactions: Between Oct. 14-20, BNB logged 3.25 million average daily transactions. This remains unchanged from the average count of daily transactions that were completed on the network in the previous week.

Average Gas Fee: Transactions on BNB Chain between Oct. 14-20 cost an average gas fee of 0.00075 BNB, up from 0.00073 BNB. This was the first growth in average gas fees on the network in the last four weeks.

BNB Chain and Binance Ecosystem Update

Between Oct. 14-20, BNB Chain and the Binance ecosystem saw many significant developments. These included implementing an upgrade to the Taker Program, the launch of Binance CMC Top 10 Equal-Weighted Index, the controversial listing of Aptos ($APT), the launch of zero maker fees in the Egyptian Pound (EGP) market, and more.

Binance Futures’ Taker Program

On Oct 14, Binance announced that its futures platform would implement an upgrade to the Taker Program, which would commence on Nov. 1 and run till Jan. 1, 2023. During this period, users deemed eligible can enjoy up to a 25% taker fee discount for all USDT-margined perpetual and delivery contracts.

Binance CMC Top 10 Equal-Weighted Index

On Oct. 17, Binance announced the launch of the Binance CMC Top 10 Equal-Weighted Index, the first in a series of CoinMarketCap (CMC)-partnered indices by the cryptocurrency exchange. The objective of the Index is to track the performance of the top 10 digital assets or currencies by market capitalization on CMC.

According to the blog post, this will be followed by the launch of an Auto-Invest Index plan, allowing users to automate cryptocurrency purchases via Dollar-Cost Averaging (DCA). In 2023, new Auto-Invest trading indices will be launched.

Aptos Listing

On Oct. 18, Binance announced that it intended to launch APT perpetual contracts on Oct. 19. However, following the accidental leak of Aptos Tokenomics, Aptos Labs warned major exchanges to halt the listing of the token’s perpetual contracts for two weeks.

Interestingly, on Oct. 19, Binance announced the addition of APT to Binance Convert and its addition as a collateral asset on the Binance Loans platform.

Zero Maker Fees in the Egyptian Pound Market

On Oct. 19, Binance announced a special promotion for r Egyptian Pound (EGP) makers. Scheduled to run between Oct. 19 and Nov. 2, all makers that post new advertisements traded with fiat currency EGP will enjoy zero maker fees for every successful trade on these pairs.

BNB Coin Price Performance

According to CoinMarketCap, $BNB exchanged hands at $274.74 as of writing. In the past week, BNB coin logged a 1% price increase.


What Is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |

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:

Website | Twitter | Discord | Telegram | GitHub |

Source : bsc.news

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