Binance Smart Chain (BSC) now known as BNB Chain, has experienced exponential growth in the past 12 months. Due to its remarkable speed and low transaction fees, several projects have been launched in its ecosystem.
Currently more than $12 billion worth of assets are locked in different decentralized applications built on the BNB Chain. Unsurprisingly the success of BNB Chain has led to projects launching their tokens on its ecosystem and it currently hosts more than 1,000 tokens.
As a newbie to crypto, it can be confusing to know the right token to choose. Thankfully we’ve taken the job to identify the top coins in the BNB Chain ecosystem. So read along.
Over the last year, Binance Smart Chain (BSC) has experienced explosive growth, and it remains one of the most popular DeFi ecosystems. It has built a successful DeFi protocol, holding over $12 billion in assets.
The BSC has now been changed to BNB Chain, a Binance Chain and Binance Smart Chain. The “BNB” now stands for “Build and Build”.
Facilitating high production with low transaction fees and fast completion, BNB Chain has positioned itself as the most widely used low-cost alternative to Ethereum. Its flexibility has seen it host thousands of tokens, and more are still being added regularly.
BNB Chian holds some of the most promising tokens in the DeFi ecosystem.
Binance Coin (BNB)
The most popular asset on the BNB Chain and the native token of the platform, BNB has followed a steady growth path along with the mother protocol.
The BNB token was developed as a simple utility token for the Binance exchange, but it has, over the years, experienced massive growth in popularity.
CAKE is the native token of one of the most popular dApp exchanges on the BNB Chain, PancakeSwap.
This list will be incomplete without including CAKE. With over 4million users already, the token is expected to continue in its growth pattern as more architecture is being added to the PancakeSwap dApp.
Originally built on Ethereum, Chainlink’s growth has integrated it with BNB Chain and several other blockchains. It has a native asset known as LINK that bridges it to BNB Chain using a standard token bridge.
Baby Doge Coin
Baby Doge is the first meme coin on this list. It is arguably the most popular meme coin on the BNB Chain.
Launched in June 2021, Baby Doge Coin is considered an improved version of the famous Dogecoin. It is one of the most widely distributed tokens on the BNB Chain, reaching over 1.3 million holders.
Tipped the decentralised money market and stablecoin protocol, Venus offers an open marketplace for lenders and borrowers. It allows users to earn interest on their BNB Chain assets when they contribute them to decentralised lending pools.
Swipe is one of the most purpose-driven projects on the BSC Chain. It attempts to improve the spendability and utility of cryptocurrencies while providing a crucial on-ramp to the industry.
1inch is another vital project built on the BSC network. It is one of the most widely used dApps exchanges for BSC tokens swap. Its adoption rate has seen a massive boost because of its transaction speed and competitive rates for swaps.
REEF was built through the Polkadot to offer cross-chain exchanging. It serves both as a keen liquidity aggregator and yield engine. The token was launched in 2020, and it ranks #37 on CoinMarketCap.
The token was launched in 2018 alongside its wallet and helped users secure their digital assets. In addition to it, the token supports various crypto assets on the Smart Chain.
It is one of the smart chain cryptocurrency native tokens. The New York State Department of Financial Services has approved the stable coin, and they also play a significant role in its regulation.
The Binance Smart Chain is rapidly becoming the go-to network for innovations in the crypto space. It is the perfect protocol for crypto users who want a low-cost and speed platform.