BNB Smart Chain

BNB Chain has announced the top 5 winners for Phase Two of its Total Value Locked (TVL) Incentive Program. Kinza Finance secured the first position with an incremental TVL of over $37 million, followed by BSquared Network in second place with over $33 million. ThenaFi took the third spot with over $11 million, while Ambit Finance and Gamma Strategies rounded out the top 5 with $8 million and $7 million in incremental TVL, respectively. The cumulative TVL across all 25 participants reached an impressive $81 million. BSquared Network, ThenaFi, and Gamma Strategies have committed to allocating 100% of their rewards towards future community development.

The application deadline for the Meme Innovation Battle, featuring a prize pool of up to $1 million, has been extended. Participants are invited to submit their innovative meme-based projects for a chance to win a share of the substantial prize money. The competition aims to foster creativity and innovation within the meme ecosystem.

The Ethereum Virtual Machine (EVM) is a decentralized execution engine for decentralized applications (Dapps) and smart contracts. It functions as a Turing-complete virtual computing engine, executing bytecode from transactions that modify the network's state. Smart contracts on EVM can call other contracts, with each new call loading another EVM instance. BNB Chain is enhancing the EVM with parallel EVM solutions aimed at improving infrastructure, performance, and production through transaction scheduling and state merging to optimize resource usage. The potential of parallel EVM includes enhanced scalability by processing transactions simultaneously across multiple EVM instances and optimizing parallelism with advanced scheduling and dependency management techniques.

The BNB Dubai event, originally scheduled for April 17th, has been postponed to April 19th from 10 AM to 4 PM due to unforeseen weather conditions in Dubai. The organizers prioritize the safety and wellbeing of all attendees, and the new date aims to ensure a successful event. Attendees are requested to make a note of the revised schedule.

BNB Chain has announced that its Airdrop Alliance members have generously rewarded users on the BNB Chain with ongoing extra reward campaigns. The members, including UltiverseDAO, Web3Go, KiloEx_perp, gomblegames, cellulalifegame, StarryNift, and zkPass, have collectively contributed 6.1 billion points and 6.9 million tokens to the BNB Chain communities. Users are encouraged to dive in and claim their rewards.

The organizers of BNBeach, a blockchain event in Dubai, have released the agenda for the upcoming conference on April 17th, 2024. The event will feature panel discussions and networking opportunities, providing attendees with insights into the latest developments in the blockchain industry. BNBeach is part of a community-driven blockchain ecosystem focused on Layer-1 and Layer-2 scaling solutions.

The BNB Chain ecosystem has seen several significant updates recently. The first sunset upgrade of the BNB Beacon Chain Mainnet was successfully completed on April 15th. The BSC Feynman hardfork is scheduled for April 18th at 5:49 AM UTC, introducing native staking and governance features. BNB/BEP2 asset holders were advised to transfer their assets from the Beacon Chain to the BSC ahead of the sunset. Node operators were instructed to upgrade to v0.10.20 by April 15th. Additionally, the ecosystem highlighted new projects, a meme innovation contest with a prize pool of up to $1M, and provided guides for safely preparing for the Beacon Chain sunset.

Recent discussions in the Web3 space have centered around identifying the next major innovation or narrative. On April 14th, a post hinted at a powerful new development, leaving the specifics as a fill-in-the-blank. This followed an earlier post from April 7th that also posed a fill-in-the-blank question, suggesting a new hot narrative was emerging in Web3. The context provided indicates these discussions are taking place within a community-driven blockchain ecosystem focused on Layer-1 and Layer-2 scaling solutions.

Mark your calendars for the upcoming Demo Day event for the MVB VII cohort, which will be hosted live on YouTube this Tuesday. This event showcases the latest developments from a community-driven blockchain ecosystem focused on Layer-1 and Layer-2 scaling solutions.

Matt from Layer Zero Labs, a company focused on building cross-chain scaling solutions, shared key insights for developing projects that operate across multiple blockchain networks. Cross-chain interoperability is a critical area as the blockchain ecosystem continues to expand with various Layer-1 and Layer-2 scaling solutions.