BNB Smart Chain

On May 1st, 2024, a call was made for the Web3 community to collectively research a project that could benefit the entire ecosystem. The suggestion was made in the context of a community-driven blockchain ecosystem focused on Layer-1 and Layer-2 scaling solutions.

BNB Chain has launched a DAU Incentive Program competition running from May 1 to May 31, 2024. Participants can win rewards based on their ranking across Average DAU, Incremental DAU, and Gas Fee metrics. The prize pool is dynamic, with higher rewards unlocked for greater Incremental DAU growth, ranging from $50,000 for 100K-300K Incremental DAU to $200,000 for 500K+ Incremental DAU. The top five rankings will receive 40%, 30%, 15%, 10%, and 5% of the prize pool respectively. The competition aims to drive growth and innovation within the BNB Chain ecosystem.

The organization is seeking input from its community members regarding a new proposal. Participants are encouraged to share their thoughts and opinions on the forum provided.

This week saw the launch of several new projects on the BNB Chain, a community-driven blockchain ecosystem offering Layer-1 and Layer-2 scaling solutions. While specific details were not provided, the announcement suggests a flurry of activity and growth within the BNB Chain ecosystem.

The upcoming BNB Chain Fusion will merge the Beacon Chain and BNB Smart Chain, enhancing operational efficiency and security. This transition will provide validators with additional staking opportunities through Maximal Extractable Value (MEV) and liquid staking derivatives (LSDFi). MEV allows validators to extract extra value from block production, while liquid staking enables network security while maintaining asset liquidity. Post-fusion, BNB Chain aims to offer high-APY native staking on BSC with added MEV rewards, boosting returns for delegators and increasing asset flexibility for engaging in DeFi activities.

The Messari State of BNB Chain Q1 2024 report highlights significant growth across key metrics. Daily active addresses on the BNB Chain increased by 26% compared to the previous quarter. DeFi Total Value Locked (TVL) surged by 67%, while average daily DEX volume soared by 193%. DEX volumes hit quarterly highs not seen since Q4 2022, averaging $1.1 billion daily. Additionally, Season 7 of the MVB Program accelerated 13 diverse projects within the BNB Chain ecosystem.

BNB Chain, a community-driven blockchain ecosystem, is currently hiring for several positions. The available roles include BD Manager, Ecosystem Manager, Senior Growth Hacking Manager (DeFi), and PR & Comms Manager. These openings present an opportunity to shape the future of Web3 and make an impact in the rapidly evolving decentralized technology space.

Binance has announced the completion of the 27th quarterly BNB token burn directly on the BNB Smart Chain (BSC) during the ongoing BNB Chain Fusion. A total of 1.94 million BNB tokens were burned in this quarterly event.

opBNB has announced an update to its roadmap. With the implementation of BEP-336, opBNB will support blob-carrying transactions, reducing the Layer 1 data cost. The project aims to achieve 10,000 transactions per second and a tenfold reduction in gas fees.

The Binance Smart Chain (BSC) has successfully implemented the Feynman hardfork, enabling native staking and governance capabilities. The top 45 validators from the Binance Chain (BC) and BSC will be designated as active validators on BSC, with new validators on BSC having triple voting power. Users are advised to migrate their validators from BC to BSC.