Global Crypto Market

  • Market Cap: $1,123,919,234,919.06
  • 24h Vol: $116,059,084,217.47
  • BTC Dominance: 39.73%

Binance Smart Chain Updates | Binance Setted a $1 Billion Fund | Oct Week 3 – Cryptocurrency News – Altcoin Buzz

Discover the latest developments in the Binance Smart Chain (BSC) ecosystem for the third week of October.
During the third week of October, Binance announced they would be injecting USD 1 billion to develop the BSC ecosystem. Also, AntiMatter collaborated with the BSC ecosystem. Therefore, let’s take a closer look at these and other Binance Smart Chain updates.
Binance exchange just set the highest amount of funding in the cryptocurrency sector. The company injects USD 1 billion in accelerator funds into the BSC ecosystem.
It's time to accelerate #BinanceSmartChain's journey towards scaling and mass adoption 🚀
We're announcing the biggest growth fund in the history of crypto – the $1 billion fund to push the adoption of not only BSC but the whole blockchain industry.
— Binance Smart Chain (@BinanceChain) October 12, 2021

According to the announcement, the focus is on developing dApps (decentralized applications) on the BSC ecosystem. This plan has four pillars:
Antimatter is a platform that houses decentralized on-chain financial products that include financial NFTs and derivatives. On October 11th, the platform announced its collaboration with the BSC ecosystem, revealing that the $BNB/$USDT endless options have also been launched on BSC.
According to the announcement, users will be able to carry out on-chain endless trading options on the digital assets that exist in the BSC ecosystem. As a result, users will be able to buy put options of tokens at minimal costs.
@antimatterdefi Perpetual options trading live on @BinanceChain
Start your #BSC #DEX #Derivatives trading journey now! 👇👇👇
— AntiMatter ➕/➖ (@antimatterdefi) October 14, 2021

Also, AntiMatter stated: “Seeing the recent explosive growth of BSC, we have decided to leverage this scalable, low cost, secure and lively ecosystem chain to our AntiMatter ecosystem. We believe this decision will support further adoption of decentralized financial products such as on-chain endless options.”
Another of the Binance Smart Chain updates was revealed. On October 14th, the blockchain reached a new milestone with an all-time-high (ATH) of 1,522,002 daily active addresses.
Also, it’s important to note that this is an impressive achievement as the BSC ecosystem is only a little over a year in existence.
On Thursday, Oct 14, #BinanceSmartChain reached a new ATH for the daily active addresses🥳🥳
Over 1.5m addresses were active on that day.#BSCtoMars 🚀
— Binance Smart Chain (@BinanceChain) October 16, 2021 is a system that facilitates the creation of open-source ecosystems via hackathons, grants, and bounties. The system utilizes measures that interest most developers and makes the process of creating infrastructures and products for the future of blockchain and Web3. is also a subsidiary of Gitcoin.
According to the announcement, the BSC ecosystem will be joining Gitcoin’s DeFi & cross-chain interoperability hackathon, which commences on October 18th until November 8th. The hackathon involves:
We are joining @gitcoin's DeFi & Cross-Chain Interoperability Hackathon with our own NFT focused challenges🥳
The hackathon starts today!
Learn more 👇
— Binance Smart Chain (@BinanceChain) October 18, 2021

As of the time of publication, the price of $BNB was $492.44 with a 24-hour trading volume of USD 2,010,985,640. $BNB price also rose by 2.8% over the last 24 hours. Besides, it has a circulating and total supply of 168 Million BNB coins.
Also, join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Leave a Comment

Your email address will not be published.