8/28/2023 0 Comments Binance dex volume![]() It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. At the time of writing, Binance had a market cap of more than $56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain.Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain. Weekly decentralized exchange (DEX) trading volume on Binance’s BNB Chain has reached its highest level in a year, according to data from DefiLlama.Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.Earlier this year there were already proposals by the SEC to crackdown on DeFi, while we know that will be very impossible for the SEC as DeFi is, well, decentralized and they can not specifically ban anything. It is good to see the DeFi sector of Crypto finally growing like that, but we should not be too happy as the SEC will even try to destroy that. News excerpt of SEC and Garry Gensler looking to target the DeFi Sector too Some other smaller ones even have up to 1000% gains. ![]() Even right now the trading volume for Uniswap is up 23% over the week and for the DEX Curve it is up even 30%. Up to 20k BTC were withdrawn from those CEX just shortly after the news.īut the situation was even better for our decentralized exchanges, where the trading volume shot through the roof. We all know how much the SEC lawsuits on Binance and Coinbase had send shockwaves throughout the whole industry and even made many more people self-custody their assets after withdrawing them from those centralized exchanges. r/CryptoCurrencyMemes r/CryptoCurrency_Tech r/CryptoMarkets r/CryptoRecruiting r/Best_of_Crypto r/BitcoinMarkets r/BitcoinMining r/CryptoTrade r/Ethfinance r/EthTrader r/Jobs4Crypto r/Liberland r/NFT r/OpenBazaar r/GPUmining Mastering Ethereum (Open Source book) Exchanges IBM's ZeroToBlockchain (Free learning resources) See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.See our Expanded Rules page for more details about this rule.This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule.If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies.
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