Is BNB chain’s dominance about to decline? New data suggests…

Is BNB chain's dominance about to decline? New data suggests...

The altcoin’s DeFi state remains strong as TVL grows.

However, there have been recent developments that could undermine BNB’s dominance in terms of activity. According to Dune Analytics, BNB’s gas usage declined.One of the reasons for this decline in gas usage could be the decrease in dApp activity on BNB.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can Binance Coin’s [BNB] increased adoption help it beat the bears?FCF Pay announced that it will accept BNB for virtual prepaid debit cards. Metrics remain bullish, but market indicators gave reasons for concern. Binance Coin [BNB] posted its weekly metrics on 4 February, mentioning a few of the chain’s notable statistics. As per the latest data, BNB’s weekly transactions exceeded 17 million, while the daily […]
Read more »

Lido Finance [LDO] emerges as the king of DeFi, but there is a problemThe total value locked on Lido Finance went past $8 billion in January. Despite the feat, the protocol’s native token was down 5.82% at press time. Lido Finance [LDO] had a rollicking start to 2023 after it eclipsed MakerDAO [MKR] to become the biggest decentralized finance [DeFi] protocol, as per DappRadar. Moreover, the total value […]
Read more »

Russian Bank to launch its DeFi platform by MayRussia’s biggest banking institution, Sberbank, is on track to launch its decentralized finance (DeFi) platform by May. In December 2021, Sberbank’s investment arm announced the launch of the first blockchain ETF in the country. Russia’s biggest banking institution, Sberbank, is on track to launch its decentralized finance (DeFi) platform by May, reported the Russian news […]
Read more »

Polygon’s DeFi space shows increased promise: How will MATIC react?MATIC flipped SHIB to become the most traded token among whales. MATIC’s weekly chart was green and market indicators suggested a further price hike. Polygon [MATIC] has shown growth in its DeFi space over the past, with several new integrations that help increase the network’s offerings and capabilities. The latest one is the integration with […]
Read more »

Chorney-Booth: New restaurants bring both new and familiar flavours outside of downtownNew restaurants are opening up at a fast and furious pace in Calgary – after years of caution and construction delays, restaurateurs are making their moves,…
Read more »

New Brunswick readies for cold snap, shelters increase capacity - New Brunswick | Globalnews.caAs temperatures drop across the Maritimes, experts say that heat pumps may not function correctly past -25 C, pushing residents to use alternate heat sources.
Read more »