Binance Smart Chain Reports High DeFi Adoption

DeFi protocols in the Binance smart chain have reached new heights. The price of Binance coin tokens has also increased significantly. Decentralized financing protocols (DeFi) have increased significantly since the beginning of the year. Although there has been a decline in DeFi activity in recent months, the growth of major DeFi platforms is an indication that the trend will recover in the future. Ethereum quietly suffers from the slow adoption of new DeFi protocols. This is due to the increased gas fees on the platform and the slowness of transaction processing. Binance Smart Chain, on the other hand, saw an increase in protocol activity and token value. Some reports also show that PancakeSwap (CAKE), a decentralized exchange for BSC, has higher transactions than four decentralized exchanges on the Ethereum blockchain. CAKE handled $ 1.6 million in one day, while Uniswap and SushiSwap made $ 1.1 billion and $ 300 billion in the same day. For the first time, CAKE outpaces the two platforms in terms of operation. BNB is trading with a local Binance token at an all-time high at $ 620 this year. However, this was reduced to around $ 605 at the time of writing. These numbers brought the local token closer to its highest price ever. Binance coin is the third largest cryptocurrency in the world in terms of market capitalization and has been growing steadily in recent weeks. The coin has held over $ 600 since April 29. The data also show that the currency saw its best rally since last week's market crash. Recent Binance News Not everything has been great for Binance last month. Last week there was terrible news for the Binance Exchange and the entire blockchain network as well. On April 28, the Binance exchange was reviewed by European regulators for stock token trading. The product triggered a search

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