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BINANCE COINLER SERIES
Solana was arguably the hottest blockchain in the second half of this year after the successful launch of its cross-chain communication bridge Wormhole and its own NFT series Degenerate Ape Academy that sold out its 10,000 units in eight minutes after launch, generating trading volume in excess of US$2.5 billion. Binance Coin is now firmly in third position, trading around US$580 with a market cap of almost US$100 billion, according to CoinMarketCap. It was sitting at just over US$16 billion at press time, according to DeFi Llama.īinance Coin - the native token of the Binance blockchain ecosystem, which includes BSC, Binance Chain, Binance Academy, Trust Wallet and Research projects - began the year in ninth position in the crypto top 10 by market cap, trading around US$37 with a market cap of US$5.3 billion. In May, the total value of assets locked in DeFi protocols reached a peak of over US$30 billion, though it fell sharply soon after and has not yet recovered to nearly that point. But while Ethereum has yet to reach those heights again, BSC has only continued to grow, reaching a new daily record of over 16 million transactions in late November, according to BSCScan.ĭuring this time, just one decentralized exchange, PancakeSwap, was responsible for more transactions on BSC than on the entire Ethereum network. Transaction numbers for both networks dropped significantly with the May crash earlier this year. Its popularity skyrocketed in April this year as daily transactions on the network surpassed those on Ethereum by over 500%, reaching over 9 million transactions for the day compared to Ethereum’s 1.5 million. Launched only a year ago by the world’s leading crypto exchange Binance, the Binance Smart Chain is a smart contract enabled blockchain running in parallel with the Binance Chain that is also compatible with the Ethereum Virtual Machine. Stepping away from the crypto market tumult, let’s take a look back and examine the top five rivals to Ethereum this year. But also in 2021, a few blockchains dubbed “ Ethereum killers” that fancy themselves as contenders to Ethereum’s crown emerged and started making serious jousts for Ethereum’s title. Bitcoin remains in the number one spot, and Ethereum, in second position, is the undisputed king of decentralized apps (dApps) and smart contract functionality. One constant remained, however: the two cryptocurrencies at the top of the list by market cap. 31, 2020, the entire crypto market cap was at US$750 billion, compared to about US$2 trillion this month, and less than what Bitcoin alone is worth right now, according to data from CoinMarketCap.
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The APE Foundation: The Foundation is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, and project management.ApeCoin DAO: The ApeCoin community governs itself via the ApeCoin DAO, the decentralized governance framework that supports the Ecosystem Fund.The projcet consists of the following major components working in conjunction:.
![binance coinler binance coinler](https://coindetay.com/wp-content/uploads/2021/05/Binance-Coin.png)
Incentivization: APE is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.Access: APE provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.Governance: The APE Improvement Proposal Process will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond.APE is the native token of the project.The APE ecosystem includes the community of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), two of the most popular NFT collections on the Ethereum blockchain. ApeCoin (APE) is the native token that empowers the decentralized community building of the APE ecosystem.