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Three notable projects, PancakeSwap, Venus Protocol, and Coinwind, have emerged as key players in the DeFi landscape. Each project addresses unique aspects of the DeFi ecosystem. It offers distinct types of use and driving significant attention in the blockchain community.

In this article, we will explore the fundamentals of these binance coins, their latest developments, and their potential impact on the future of DeFi.

PancakeSwap is a decentralized exchange (DEX) and an automated market maker (AMM) built on the BNB Chain. As an AMM, PancakeSwap enables users to trade cryptocurrencies without the need for a traditional order book. Instead, liquidity is provided by liquidity providers who lock their tokens into smart contracts, earning trading fees as a reward.

PancakeSwaps innovative feature is its low transaction fees and rapid transaction confirmation times, thanks to the Binance Smart Chains high throughput capabilities. Users can also stake their tokens in liquidity pools to earn additional rewards in the form of CAKE, the native token of PancakeSwap. The project has rapidly gained popularity due to its ease of use, attractive user interface, and lucrative rewards for liquidity providers.

As of the latest update, PancakeSwap has continued to expand its ecosystem by integrating with various other DeFi projects, offering new trading pairs, and exploring Layer 2 solutions to further reduce fees and increase scalability.

PancakeSwaps strong presence in the Binance Smart Chain ecosystem and its user-friendly interface position it for sustained growth. However, it faces competition from other DeFi platforms and must continue to innovate to maintain its leadership in the space.

At the time of writing this article, Pancakeswap has $3.3 billion in TVL. Its the biggest app in the Binance Chain.

Venus Protocol is a decentralized lending and borrowing platform operating on the Binance Smart Chain. The project focuses on providing users with the opportunity to collateralize their cryptocurrencies and borrow against them, facilitating leveraged trading and earning interest on their deposits.

One of the key aspects of Venus Protocol is its algorithmic stablecoin VAI, which is minted by users who deposit their BNB coins or other supported cryptocurrencies as collateral. VAI maintains its peg to the US Dollar through the use of over-collateralization and the Venus governance token (XVS).

Venus Protocol has been continuously expanding its list of supported assets and collateral types, thereby increasing the opportunities for users to participate in the lending and borrowing ecosystem. Moreover, the projects governance system has seen active community involvement, further decentralizing its decision-making processes.

As the Binance Smart Chain ecosystem continues to grow, Venus Protocol stands to benefit from increased user adoption, particularly among traders and liquidity providers seeking higher yields through lending and borrowing activities. However, as with all lending protocols, risk management and security will remain critical factors for long-term sustainability.

At the time of writing this article, Venus Protocol has $699 million in TVL. Its the second biggest app in the Binance Chain.

Coinwind is a relatively new player in the DeFi space, designed to address sustainability and community-driven development. The project focuses on creating a decentralized ecosystem that offers a range of DeFi products while prioritizing environmental and social impact.

One of Coinwinds unique features is its yield-generating mechanism, which allocates a portion of transaction fees to funding environmental and social projects. This innovative approach aims to combine financial growth with a positive global impact, appealing to investors with ethical considerations.

Coinwind has recently launched its governance token, empowering users to actively participate in decision-making and shaping the future direction of the project. The team has also announced partnerships with prominent environmental organizations, signaling their commitment to impactful initiatives.

So, Coinwinds novel approach of integrating sustainable practices and yield generation has the potential to attract a growing community of environmentally-conscious investors. However, its success will depend on the execution of its long-term vision and the adoption of its platform by the wider DeFi community.

At the time of writing this article, Coinwind has $211.2 million in TVL. Its the third biggest app in the Binance Chain.

PancakeSwap, Venus Protocol, and Coinwind exemplify the diverse and dynamic nature of the DeFi space. Each project brings unique contributions to the ecosystem, catering to different user needs and preferences. While PancakeSwap stands as a prominent DEX and AMM platform, Venus Protocol focuses on lending and borrowing activities on the Binance Smart Chain. Coinwind, on the other hand, seeks to strike a balance between financial gains and sustainable impact.

As these projects continue to evolve, their latest developments and potential will shape the future of decentralized finance. While PancakeSwap enjoys an established position within the Binance Smart Chain ecosystem, Venus Protocol and Coinwind aim to carve out their niches by emphasizing their specific use cases and innovative features. It remains to be seen how the DeFi landscape will unfold, but one thing is certain these projects are emblematic of the groundbreaking advancements underway in the world of decentralized finance.

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Top 3 Binance Coins in Q3-2023. - Altcoin Buzz

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When I last covered Binance (BNB-USD) for Seeking Alpha in early April, it was fresh off a lawsuit against company Binance and Binance CEO Changpeng "CZ" Zhao from the Commodity Futures Trading Commission. Since that article, BNB has traded down over 20% and now finds year to date performance to be significantly lagging the other top smart contract chains in the cryptocurrency market. BNB is one of the few coins among the top in the industry that is actually down year to date:

Ethereum (ETH-USD) is up over 50% year to date. Avalanche (AVAX-USD) is up about 20%. And despite the allegation from the Securities and Exchange Commission that it's an unregistered security, Cardano (ADA-USD) is up 25% year to date and well off the post-SEC news low. BNB hasn't been able to get off the mat to the same degree. As it has been roughly a quarter since my initial BNB coverage, in this article we'll go over the latest developments with Binance the company and look at some of the key network metrics pertaining to the Binance blockchain.

Following the CFTC's March lawsuit against Binance, the organization had until July 27th to respond. We now know Binance is looking for a dismissal of the lawsuit entirely after filing intent to dismiss with an Illinois district court on July 24th. In the document, Binance is asking for permission to exceed the permitted page limit for a brief due to the number of arguments made and the complexity of the CFTC's complaint.

In addition to the CFTC lawsuit earlier this year, Binance was also sued by the SEC in June for, among other things, alleged comingling of customer assets. Elsewhere, the company is also under investigation by both the Department of Justice and the Internal Revenue Service for alleged money laundering. Beyond the clear problems facing Binance on the legal front, the company has also laid off employees, exited markets, and seen key executives depart in recent weeks. According to the Wall Street Journal, Binance recently laid off roughly 1,000 employees across various departments.

Over 1,000 people have been fired in recent weeks, according to a person familiar with the moves. The exercise, which is continuing, could result in Binance losing more than a third of its staff, the person said.

It apparently isn't just involuntary departures that have led to a headcount reduction at Binance. The company has also seen several key executives resign in recent weeks. According to Fortune, those former executives include general counsel Hon Ng, chief strategy officer Patrick Hillmann, SVP for compliance Steven Christie, and former IRS agent Matthew Price who oversaw investigations and intelligence. Hillmann verified his departure on social media but indicated he was doing so on good terms. However, Fortune's article seems to place blame for the executive exodus on CZ:

According to a person at Binance familiar with the situation, the executives chose to depart over Zhaos response to an ongoing investigation by the Department of Justice. Several outlets have reported that the investigation, underway for more than a year, relates to Binances alleged attempts to bamboozle U.S. regulators as well as alleged money laundering and sanctions violations on the companys platform.

Given the amount of bad news surrounding Binance the company, it may not be surprising to see Binance the coin struggling against the native assets of notable smart contract peers in recent weeks.

As far as the Binance blockchain is concerned, some of the key network metrics are actually holding up okay despite the problems facing Binance the company. Daily active users of the blockchain have held firm near 1.3 million over the last three months. After dipping well off highs during the November 2021 cycle top, daily transactions on Binance Smart Chain appear to have somewhat stabilized in the 3 to 4 million range.

Binance Daily Transactions (BSCScan)

However, despite this apparent stabilization in daily transactions, the fees earned by validating those transactions have declined in recent months from $20.5 million in March to just $13.3 million in June according to data from Token Terminal.

Monthly Fees vs PF Ratio (Token Terminal)

As July approaches a close, fees are still under $10 million for the month. What's important to mention is July 2023 fees are still well ahead of the $5.4 million in fees during July 2022. But even with the decline in the price of the BNB token, the reduction in network fees over the last several months has pushed the fully diluted price to fees ratio up to nearly 330x. This could be considered an indication that BNB is still overvalued even after the recent decline in the token's price.

BNB TVL (DefiLlama)

From a DeFi standpoint, Binance remains one of the largest smart contract chains as evidenced by its $3.3 billion in TVL. That said, the broad trend in TVL is still down even when adjusting for the declines in native coin price. Measured in BNB, TVL on Binance has dropped from a high of over 39 million coins two years ago to under 14 million today. And the trend in stables on-chain hasn't been positive either. There we observe a reduction from $12.9 billion last summer to $5.3 billion currently.

Shifting back to Binance the company for a moment, the exchange data shows asset balances are roughly in line with where they were when I last covered the BNB token in April. According to Nansen, Binance controls a little over $63 billion over several different blockchains:

Binance Exchange Holdings (Nansen)

In the last three months, Binance's token weighting to BNB has declined from 5.3% to 4.4%. We've also seen Bitcoin (BTC-USD) holdings increase from 23.6% of assets to over 27%. Another interesting move has been in the balance of stablecoins on the exchange:

Binance Stablecoin Flow (Dune Analytics/xihablock)

According to data from Dune Analytics, July is on pace to be the first month since November where stablecoin net flow hasn't been negative. Of course, the month isn't over yet and this could change between now and August 1st. But the larger point is there appears to be a slowing in stablecoin outflow in recent months.

As I mentioned in early April, there are a lot of questions around how exposed to BNB Binance truly is. I think it's interesting seeing Binance now moving to get the CFTC lawsuit dismissed after there was a reasonable market expectation of a settlement just a few months ago. Despite the recent Ripple ruling and the optimism that has resulted from it in the United States, the battle with US regulatory bodies for Binance is likely far from over. Unlike exchange competitors like Coinbase (COIN), Binance has historically been very active in the IEO market and that is something that could put further pressure on Binance domestically.

Recognizing that crypto is a global phenomenon, even with potential problems in the US based company, Binance can certainly survive outside of the United States if ultimately forced to leave the market entirely. But it's difficult for me to see how that would be a long term benefit to the company or the Binance blockchain specifically. I think the recent departures of so many executives is generally a bad sign. And I'd be very cautious about buying the dip in BNB. There's a lot of heat on this brand right now. There may come a time when longing BNB makes sense. But I personally don't think we're there yet.

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Binance: Fight The Urge To Buy The Dip (BNB-USD) - Seeking Alpha

This article explores the reasons why Ethereum is poised to continue its growth in the cryptocurrency market, highlighting its ability to adapt, innovate, and foster a robust ecosystem that positions it favorably for future growth and market relevance.

When exploring the crypto market or considering a return to it, it is crucial to focus on blockchain-based crypto projects that have proven staying power, merit, and resilience through market crashes. Look for projects with active development and a thriving ecosystem, where both builders and users actively participate. Regardless of technological advancements, if a project lacks real-world adoption, it loses significance.

Recent weeks have seen numerous tokens, coins, and projects decline sharply, and many may struggle to reach their previous all-time highs when the market recovers. As the bull market resumes, funds will flow to established projects with merit, while newer projects will compete for capital.

With less than a year remaining before the next halving cycle, we have experienced a prolonged downturn since 2022. While it is possible to hover and consolidate during a downward phase, the bull market eventually emerges, acting as a catalyst for various developments. There is a strong likelihood that those who previously doubted Bitcoin and cryptocurrencies in general will return, contributing to increased investment and adoption.

Although there are several smart contract blockchains that can rival Ethereums capabilities, as it retains its position as the second-largest cryptocurrency by market capitalization. Despite experiencing significant price drops and facing fear, uncertainty, and doubt during its transition from proof of work to proof of stake, Ethereum has endured. Numerous so-called Ethereum killers have emerged, but Ethereums large developer community and extensive ecosystem, comprising real-life projects and users, have sustained its prominence. A good project or blockchain may experience corrections, but ultimately, if it possesses merit, it will bounce back.

Among the numerous smart contract blockchains available, Ethereum stands out as the pioneer, largest, and most widely adopted platform. While other alternatives like Polkadot (DOT), Cardano (ADA), Solana (SOL), and Avalanche (AVAX) exist, Ethereum remains the dominant force in the field, with a significant user base and extensive usage.

Smart contacts, one of Ethereums defining features, are self-executing contracts that automatically execute predefined conditions when met. This functionality has revolutionized the development of decentralized applications (dApps) and enabled a wide range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), supply chain management, and more, opening up exciting possibilities across various industries.

A common argument against Ethereums transition from proof of work to proof of stake is that it compromises decentralization and security. However, Ethereum has a substantial number of stakers who actively participate in securing and decentralizing the network. These stakers are incentivized to protect their stake within the ecosystem; and by staking their holdings, they demonstrate their belief in the blockchain and the ecosystem. While Ethereum operates on a network of computers, it is resistant to censorship and control, but it is important to note that it is not as decentralized or as secure as Bitcoin.

Bitcoin remains the most secure network in the cryptocurrency space. Ethereum, on the other hand, holds a significant stake in the network, giving those with more stake a greater say. While Ethereum may not match Bitcoins level of decentralization and security, its main value proposition lies in its utility rather than being seen as digital gold. Ethereums merit primarily stems from its extensive use cases.

Ethereum has established itself as the industry standard in the blockchain space, facilitating interoperability among various applications and platforms. The Ethereum Virtual Machine (EVM) empowers developers to create and deploy their own smart contracts and applications on the Ethereum network, encouraging innovation and collaboration, fostering a thriving ecosystem. Moreover, the EVMs compatibility allows for cross-chain capabilities.

For instance, wallets like Metamask support the EVM, enabling users to seamlessly interact with Ethereum, Avalanche, Binance Smart Chain, and more. This connection to the EVM and Ethereum provides developers with extensive opportunities for cross-chain development.

The Ethereum community plays a vital role in the continuous development and improvement of the network through Ethereum Improvement Proposals (EIPs). Community members suggest enhancements, upgrades, and new features to the Ethereum protocol, ensuring the adaptability and evolution of the blockchain over time. By addressing scalability issues, improving transaction speed, and introducing new functionalities, Ethereum has demonstrated its commitment to growth.

Ethereum boasts a vibrant and active developer community that plays a crucial role in driving its growth and fostering innovation. The community is constantly engaged in building and improving the Ethereum ecosystem by creating new tools and protocols. Through collaboration, knowledge sharing, and the development of best practices, this community has made Ethereum a dynamic and ever-evolving blockchain platform.

Despite the challenges Ethereum has faced, it has not only survived but also maintained its dominance as a smart contract blockchain. Its journey has seen it adapt to market demands and emerge stronger.

While the timing of the next bull market remains uncertain, it is essential to utilize this period of fear and uncertainty to learn, study, and build a solid foundation. When the bull market inevitably arrives, money will flow into projects with significant merit, and both Bitcoin and Ethereum are poised to benefit from this influx.

As the crypto market evolves, Ethereum remains a prominent player, ready to embrace the next wave of innovation and capitalize on future opportunities.

Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.

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The 5 Forces Propelling The Continued Growth Of Ethereum - Blockzeit

Competition within the crypto sector continues to intensify almost daily as projects jostle to gain the attention of investors. While several projects are worthy of investors attention, one that stands out as potentially the best new crypto this year is the peer-to-peer (P2P) predictive market platform, Chancer.

Chancer is seeking to upset the status quo in the online betting market with its exciting, innovative new decentralized P2P betting platform by removing power from decentralized bookmakers and empowering users to maximize their betting experience by connecting directly with fellow players. Lets examine why Chancer emerges as the best new crypto project in 2023.

The brainchild of the Kelbie brothers, Adam and Paul, Chancer is the worlds first fully decentralized online betting platform, offering a vast range of exciting features and making gambling an enjoyable and fair experience. One brilliant and key feature is the ability of users to create custom betting markets and odds for other players to take on without the interference of a biased centralized bookmaker skewing markets in their favor.

The use of custom betting slips and the ability of users to set personalized odds creates a genuinely interactive and P2P betting experience that allows users to compete against friends and work colleagues in fun bets or to join huge global crowdfunded wagers. These bets can be on various international events, from the Olympics to the Eurovision Song Contest, the US presidential election, or the Champions League final.

To help boost interactivity, Chancer is embedding Googles WebRTC software to allow users to keep up to date with the progress of their bets in real time and interact with other global bettors. As new markets crop up during live play, users can choose whether or not to take these new bets as part of an interactive betting experience thats 100% community-led.

The CHANCER token fuels the P2P prediction marketplace by providing the essential means for creating, laying, and paying out all bets. The platforms excellent CertiK-approved smart control protocol executes all transactions, with CHANCER tokens held in escrow until a winner is determined. When a bet settles, the winnings transfer into the victors digital wallet.

The Binance Smart Chain (BSC) drives the smart contract capability alongside the fully transparent ledger that records all transactions made on the platform on its immutable ledger. This functionality enables Chancer to deliver a genuinely decentralized online betting experience to its users and could become the blueprint for other new betting platforms.

Fairness and safety are critical facets of Chancers route to market, and its team of impartial moderators reviews all markets and odds to ensure that all bets are fair. Unlike the online betting experience on centralized betting apps, where markets and odds skew in favor of the house or bookmaker, the only beneficiaries of Chancers P2P model are the players themselves.

As if Chancers aim to decentralize a colossal industry already worth $60 billion and projected to more than double to $150 billion by 2030 wasnt incentive enough for interested parties to reserve their presale tokens, Chancer is pushing the boat out with considerable giveaways to go alongside a bargain presale price.

To mark the opening of the CHANCER presale, Chancer has announced a $100,000 giveaway that will see ten lucky winners grab a share of the total pot. Experts predict a massive uptake from bullish investors, crypto fans, and online bettors seeking the chance to get involved with what could be the best crypto project of the year.

The 12 stage presale event launched at $0.01, with the price rising to an eventual $0.021 before its launched on crypto exchanges. Currently in stage 1 of its ICO, CHANCER is available for just $0.01, the definition of a bargain!

Crypto experts and analysts are already predicting a bright future for Chancer, with many naming it the best new crypto project of 2023, thanks to its unique value proposition and plan to grab a huge slice of a massive growth industry. Investors taking a chance on CHANCER during the presale could have a great chance of winning big.

Alongside extensive utility, governance voting rights, and outstanding deflationary tokenomics, CHANCER coin holders could benefit enormously from the expected demand for the remaining fixed supply of tokens once the coin hits exchanges.

Many experts predict that CHANCER could rocket beyond the $0.50 barrier by 2025 as the next bull market takes hold, delivering returns of at least 25x but likely more into the wallets of shrewd early presale investors.

The CHANCER presale has gotten off to a flier, racing out of the traps and raising $925k towards its liquidity target of $12.15 million in just 5 weeks. More and more interested parties are flocking toward this ICO, with the presale giveaway providing an additional incentive beyond a low entry price.

The vast appeal and potential of Chancer mark it as arguably the best new crypto project of the year. As the project roadmap unfolds in the coming months and years, investors can look forward to potentially enormous gains accumulating. Dont miss out, carpe diem, and grab your tokens today!

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Seize the Day: Could Chancer Be the Best New Crypto of 2023? - The Coin Republic

In a quirky twist of events, the crypto world has found an unexpected darling hamster racing! This adorable phenomenon has taken the crypto community by storm, with enthusiasts placing bets on cuddly rodents racing through digital tracks. The frenzy surrounding this novel concept has led to the rise of a 24-hour fadcoin and a livestreamed betting platform.

HamstersGG, a betting platform with a twist, came to life on July 11, 2023. Operating through Twitch, the platform allows users to wager using BUSD, further fusing the worlds of decentralized finance (DeFi) and adorable rodent racing. While Ethereum and Binance Smart Chain deposits were accepted, payouts appeared to rely primarily on BSC.

At the heart of this unique spectacle lies the HAMS token, offering a tantalizing blend of stablecoin bets for individual races and revenue-sharing opportunities. HamstersGGs white paper declared that the platform takes a 5% rake of all bets. Then it distributes 4% of it to token holders. This dynamic has given rise to a volatile market on Uniswap, adding another layer of intrigue to the hamster racing phenomenon.

Since its launch, HAMS has experienced a whirlwind of market activity according to Blockworks. With a Uniswap v2 pool boasting just under $100,000 in WETH liquidity, the tokens trading volume reached an impressive $900,000 on its debut day. The tokens value skyrocketed to $.38 cents, only to dip as low as $0.08 before bouncing back to $.38 once more, leaving traders on a thrilling rollercoaster ride.

As the popularity of hamster racing soared, so did speculations regarding its authenticity. Some Twitter users questioned the legitimacy of the races, claiming they were staged and videos were looped. The platforms response was swift, attributing server crashes to the unexpected surge in interest for these furry athletes. Amidst technical glitches and delayed races, concerns about potential scams arose.

As the day unfolded, viewership on the Twitch livestream wavered, dipping below 600 when races failed to commence. Users in the live chat room voiced complaints about withdrawal issues following the conclusion of an earlier race. While some chalked it up to FUD, others couldnt shake the feeling that something might be amiss.

Despite the allure of hamster racing and its endearing charm, the crypto community is left wondering whether this novel venture will stand the test of time. As enthusiasts weigh the risks and rewards of placing bets on cuddly critters, the future of HamstersGG and its HAMS token remains uncertain. Only time will tell if these furry athletes are here to stay or if theyll scamper away into obscurity.

Hamster racing has undeniably captured the imagination of the crypto world, offering a peculiar blend of wholesomeness and DeFi degeneracy. With the HAMS token stirring up the market due to volatility, and concerns surrounding the authenticity of races, the future of this furry phenomenon hangs in the balance. As the crypto community keeps a close eye on the adorable racers and their quirky platform, one thing is certain the world of crypto has never been more whimsical.

Giancarlo is an economist and researcher by profession. Prior to his addition to Blockzeits dynamic team, he was handling several crypto projects for both the government and private sectors as a Project Manager of a consultancy firm.

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Unraveling the Craze: The Furry Spectacle of Hamster Racing in the ... - Blockzeit