Binance Chain Monthly Update - December

2020.12.18  •  4 min read
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Dear Community,

As Binance Chain continues to build momentum as a leading player in Defi space, the Binance Chain development team keeps making at a breakneck speed. With many successful projects launched in Binance Smart Chain as a tip of the iceberg, let’s take a look at other exciting highlights that happened in November!

Binance Chain Migration

Binance Chain has been running smoothly for more than one year. Its block height exceeds 131MM, with more than 168MM transactions submitted by about 819 thousand addresses. We have a total of 313 BEP2 tokens on Binance Chain now. One of the primary mandates for Binance DEX is a transparent listing process. Projects publish their proposals on the community forum, as well as an on-chain proposal transaction. Afterward, the public can witness the on-chain voting process from validators. Last month, there were two community-submitted listing proposals. With a total of 152 trading pairs on Binance DEX, some of the newly listed tokens and their projects are hosting trading promotions and activities. Binance DEX closes in on 18 million USD trading volume on CoinMarketCap, CoinGecko in July.

Highlights

Binance Smart Chain DEFI Ecosystem


There are now 15 projects supported by Binance’s $100 million accelerator fund for developers to build blockchain projects on Binance Smart Chain. There are many ways for you to monitor the activities of different project. Defistation and dappradar.com closely track the locked value of every project.

BUIDL Reward Program Updates

Binance officially launched the $100 million Binance Smart Chain (BSC) Accelerator Fund. Through this program, Binance will reward qualified developers equivalent to 30% of gas paid by triggering the registered contracts. A developer leaderboard is now available at binance.org/en/leaderboard. In November, additional 194 contracts have registered for this BUIDL reward program. Compare to that of October, the number of recipients doubled. The sum of rewards also increased from 1059BNB to 1887BNB.

Binance Smart Chain v1.0.4  Release

bsc v1.0.4  is out and all validator nodes on bsc testnet have upgraded to this new version. If you are running a node on Binance Smart chain mainnet or testnet, it's recommended to upgrade to this version.

You can read more about the release notes in this blog.

Binance Extension Wallet v1.121.1 Release

Binance Extension Wallet v1.114 Release

Binance Extension Wallet v1.114.0 is released and verified on Firefox and Chrome. This month, it is reported that Binance Extension Wallet has reached 80,000 downloads.‌ You can have better account management with BIP 39. Extension wallet has also fixed the incompatibility with web3.js 1.2.8. Developers can easily integrate it with their dApps.

You can read more about the release notes in this blog.

BUIDLing

Binance X Invites You to the Gitcoin Grants Round 8 Hackathon

Binance X is offering $60,000 in cash prizes for the hackathon, which now accepts submissions for projects built on Binance Smart Chain (BSC). This hackathon, which runs from December 3 to 17, seeks to enrich the blockchain ecosystem in general with innovations that use BSC to offer compelling solutions. For more details, go to this page. You can watch this live workshop on YouTube.

Binance Smart Chain (BSC) has successfully integrated the Chainlink decentralized oracle network on its mainnet as its recommended oracle solution. As a result, Chainlink is now available for use by any and all BSC smart contracts. Read the documentation here.

Accelerator Fund Supports 2 More Projects

There are now 15 projects supported by Binance’s $100 million accelerator fund for developers to build blockchain projects on Binance Smart Chain.

As of December 10, Blink  and Tenderly are added to the list of supported projects for the accelerator fund.

  1. Blink - a brand-new gaming platform running entirely on the Binance Smart Chain, enabling BNB holders to start using their tokens for daily gaming
  2. Tenderly - a cloud-based platform enabling the rapid development of blockchain dApps, through development tools, testing environments, smart contract monitoring, and production infrastructure abstractions.

Optimize Your Binance Smart Chain DApp for the Trust Wallet Browser

Optimize Your Binance Smart Chain DApp for the Trust Wallet Browser

Within the Trust Wallet ecosystem, there’s an ever-increasing amount of DApps available for everyone to use. To make sure that these DApps are up to standard, it’s extremely important to create an easy and intuitive user experience. You can read more about it in this blog.

Community

The below initiatives are from the community. As most of them are in the testing/Proof-of-concept stage, please be aware of the risks of funding loss and use your own judgment.

  1. How to swap BEP2 to BEP20 and vice versa in Trust Wallet.
  2. Binance Smart Chain Crypto Twitter: A Review of Influencer’s to Follow
  3. The Untapped NFT Space on The Binance Smart Chain
  4. HyperPay supports Binance Smart Chain
  5. ONTO Wallet updates
  6. BSC outpaces other layer 1 at same point of development

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