Decentralized applications are an essential addition to the broader cryptocurrency ecosystem. Binance Smart Chain is home to many applications, all of which note strong growth recently. Although they don’t all generate a lot of volumes, the growth remains tangible.
No one will be surprised to learn that PancakeSwap is the top DApp on the Binance Smart Chain today. As one of the leading decentralized exchanges globally, the platform notes over 65.600 active users, which is more than acceptable. More importantly, this figure represents a growth of 11.26%, indicating more people take notice of what the platform brings to the table. With $1.24 billion in volume, PancakeSwap is turning many heads yet needs to keep attracting liquidity.
As another automated yield farming and DEX aggregation solution, Autofarm can bring a lot of attention to the Binance Smart Chain ecosystem. Thanks to a user growth of 20.59%, Autofarm seems to be heading in the right direction. With a volume of $47.27 billion, the aggregator is certainly finding its place in this ecosystem.
The Venus algorithmic money market and stablecoin protocol can bring tremendous value to the Binance Smart Chain ecosystem. It currently notes a more than decent volume of $632 billion over the past seven days, with a user growth of 13.25% in the past 24 hours. Exploring the many DeFi opportunities son the market is crucial, as one never knows whether one can achieve a better APR elsewhere.
As a project aiming to “bring true value to DeFi”, Value DeFi on the Binance Smart Chain is getting a bit of attention lately. With nearly $190m in weekly volume and user growth of 4.1% in the past 24 hours, it would appear the platform is in a crucial stage. Continuing to attract users and liquidity will prove essential, yet it may not necessarily be possible right away.
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