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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

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    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

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    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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Binance Smart Chain reaches 100 million unique addresses, overtakes Cardano in market cap

2021-10-19
in Altcoins
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Binance Smart Chain reaches 100 million unique addresses, overtakes Cardano in market cap
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The previous order has fallen – or such was the case on Coin Market Cap and Coin Gecko after Binance Coin jumped as much as grow to be the third-biggest blockchain by market cap. Nestled proper below Ethereum and Bitcoin, Binance Coin’s promotion comes as Binance and the Binance Good Chain achieved a number of key milestones.

Taking inventory of change

In line with Coin Market Cap, Binance Coin’s market cap at press time was $79,251,658,151. In the meantime, Cardano’s was $70,678,974,674.

Supply: CoinMarket Cap

At press time, the value of BNB was $471.19 whereas ADA was $2.15.

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It’s value noting that on CoinGecko, Cardano got here in fifth, beneath Tether [USDT].

Supply: CoinGecko

In the meantime, Binance Good Chain was additionally making waves. The blockchain community announced on 17 October that it had reached 100 million distinctive addresses.

Yesterday, #BinanceSmartChain broke a brand new report🥳

That is your achievement, #BSC fam! 🚀 pic.twitter.com/Wr9Z93HXhC

— Binance Good Chain (@BinanceChain) October 17, 2021

Ethereum vs Binance Good Chain

The query you is likely to be asking your self now: may Binance Coin be the true Ethereum killer? There are a variety of things to think about. For instance, Binance Coin might have crushed Cardano for the second, however Ethereum’s market cap of $451,675,420,758 will likely be far harder to overhaul.

Nevertheless, think about that on 17 October, the variety of lively BSC addresses was 1,227,947.

Supply: BscScan

In the meantime, the variety of lively Ethereum addresses was solely 500,853. Moreover, Ethereum’s excessive of 799, 580 addresses in Could 2021 was nonetheless a lot decrease than BSC’s lively deal with rely on 17 October.

Supply: Etherscan

What’s extra, Binance Good Chain is much from being a closed system. BSC not too long ago introduced that the Wormhole Community can be supporting it as properly. This may allow BSC to additionally bridge tokens and NFTs throughout itself, Ethereum, and Solana.

In a press release relating to the transfer, Wormhole referred to as BSC’s development “insane”and likewise cited Ethereum’s excessive fuel charges.

Now @BinanceChain is formally supported on the @wormholecrypto platform apart from @ethereum & @solana 🚀

Customers can begin bridging property seamlessly throughout these chains, from tokens to #NFTs.

Why #Wormhole is so 🐂 on #BSC? Learn this publish to know: https://t.co/O3cJJrMTrC#BNB pic.twitter.com/ZbKFVy1L5d

— BSCDaily (@bsc_daily) October 11, 2021

Binance’s billion

Rising a blockchain ecosystem isn’t straightforward or low-cost. On 12 October, Binance introduced a $1 billion fund to be able to help each the Binance Good Chain and blockchain adoption as an entire. This comprised of $100 million every for expertise growth and liquidity incentive applications, $300 million for the builder and dApp incubation applications, and a $500 million funding.

Alternatively, Cardano holds greater than $1 billion in its treasury, as a part of the Undertaking Catalyst program to reward group governance.



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