• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Monday, August 8, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Major Investor Sends PancakeSwap Soaring

June 6, 2022
in Crypto News
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Related articles

Ethereum Whales Targeting Three Very Surprising Altcoins

August 7, 2022

BTC/USD Orbiting 23151 Technical Level: Sall…

August 7, 2022

PancakeSwap just got a very significant investment. What does that mean for non-Ethereum DeFi?

Covered

  • Binance Labs Invests In PancakeSwap
  • PancakeSwap And The Rest Of DeFi

Binance Labs Invests In PancakeSwap

The venture capital arm of crypto exchange Binance, Binance Labs announced today that it’s made an investment in PancakeSwap through the purchase of its governance and utility token CAKE. The BNB-based chain is currently the biggest DeFi protocol on BNB with 400k daily active users.

“PancakeSwap has been leading the development and mass adoption of BNB Chain. Given that PancakeSwap is the most widely used dApp and the DeFi project with the highest TVL on BNB Chain, we have and will continue to provide strong support for the project,” Bill Qian head of Binance Labs. PancakeSwap is a natural investment considering the DeFi protocol is built on the BNB chain, Binance’s DeFi platform.

The investment in CAKE sent the token soaring as high as 10%. The DeFi token is currently trading in the $4.70 USD range.

Recommended: What is PancakeSwap?

PancakeSwap And The Rest Of DeFi

As for the BNB DeFi ecosystem, it’s currently 2nd in terms of TVL. It has been second for most of its run since launch, however, it was briefly overtaken by the Terra ecosystem. But for obvious reasons, the BNB chain has taken back second place.

Now that Terra is out of the way, Binance is looking to further reinvest in Web 3 through PancakeSwap. “The investment is part of Binance Labs’ mission to facilitate the next wave of global blockchain adoption by providing technology development, marketing and community support, and enterprise solutions for Web3 transformation.”

Trending

Terra’s Anchor Protocol Is Landing On This Top Blockchain

The BNB chain is currently home to many metaverse, NFT, and blockchain projects like BakerySwap, Alien Worlds, and Mobox.

Even though technically the BNB chain is second in DeFi TVl, it’s very much a distant second. Ethereum TVL is currently $71.5 billion, while BNB stands at $8.5. It will take a lot more investment from Binance Labs to compete with Ethereum. Then again, Binance is the biggest exchange in the world.

Recommended: Binance Announces BNB Auto-Burn

Credit: Source link

ShareTweetSendPinShare
Previous Post

White House set to make recommendations to reduce crypto energy consumption

Next Post

BAYC smart contract function allows unlimited minting of new Apes by single wallet

Related Posts

Ethereum Whales Targeting Three Very Surprising Altcoins

August 7, 2022

Ethereum whales move in mysterious ways. We unravel the reasons behind the latest three altcoins catching their interest. Covered: Ethereum...

BTC/USD Orbiting 23151 Technical Level: Sall…

August 7, 2022

Bitcoin (BTC/USD) awaited fresh technical sentiment early in the Asian session as the pair continued to consolidate recent gains that...

Crypto Weekly Roundup: Nomad Hacked, Solana W…

August 7, 2022

It is been a hectic week that saw a handful of multi-million hacks and one of Bitcoin’s biggest evangelists step...

DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

August 7, 2022

Singapore, Singapore, 7th August, 2022, Chainwire DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial...

Uniglo Presale Starts; CRO & NEAR Holders Moves Over To GLO

August 7, 2022

Getting into the right crypto during pre-sale can be massive for your portfolio. You could see your investments skyrocket as...

Load More
Next Post

BAYC smart contract function allows unlimited minting of new Apes by single wallet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

DeFi Space To Thrive Soon, Uniswap(UNI), Avalanche(AVAX) & Chainlink(LINK) Could Dominate the Rally

August 5, 2022

Get Entries On These Crypto Before Extreme Po…

August 6, 2022

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Bitcoin News

August 7, 2022

Bitcoin Shark, Whale Addresses Have Been Surging Since Mid-June

August 4, 2022

Regulation by enforcement at SEC is here to stay

August 5, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’ – Regulation Bitcoin News
  • Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction – Bitcoin News
  • Ethereum Whales Targeting Three Very Surprising Altcoins

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$23,242.001.18%
  • ethereumEthereum(ETH)$1,704.101.48%
  • tetherTether(USDT)$1.00-0.07%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • binancecoinBNB(BNB)$326.665.39%
  • rippleXRP(XRP)$0.3730610.44%
  • Binance USDBinance USD(BUSD)$1.00-0.21%
  • cardanoCardano(ADA)$0.533.36%
  • SolanaSolana(SOL)$41.003.31%
  • polkadotPolkadot(DOT)$8.742.65%
  • dogecoinDogecoin(DOGE)$0.0694611.44%
  • AvalancheAvalanche(AVAX)$27.725.37%
  • Shiba InuShiba Inu(SHIB)$0.0000121.39%
  • daiDai(DAI)$1.000.07%
  • Lido Staked EtherLido Staked Ether(STETH)$1,642.831.34%
  • matic-networkPolygon(MATIC)$0.910.78%
  • tronTRON(TRX)$0.0698650.32%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,251.001.29%
  • ethereum-classicEthereum Classic(ETC)$37.21-0.93%
  • OKBOKB(OKB)$18.15-0.55%
  • leo-tokenLEO Token(LEO)$4.88-1.36%
  • litecoinLitecoin(LTC)$61.031.00%
  • FTXFTX(FTT)$30.440.63%
  • UniswapUniswap(UNI)$8.860.43%
  • chainlinkChainlink(LINK)$8.358.08%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.172.45%
  • CronosCronos(CRO)$0.1469191.74%
  • cosmosCosmos Hub(ATOM)$11.326.61%
  • stellarStellar(XLM)$0.1245452.89%
  • FlowFlow(FLOW)$2.9511.57%
  • moneroMonero(XMR)$162.891.77%
  • bitcoin-cashBitcoin Cash(BCH)$140.970.85%
  • algorandAlgorand(ALGO)$0.3578072.76%
  • filecoinFilecoin(FIL)$8.89-0.04%
  • vechainVeChain(VET)$0.0313771.31%
  • ApeCoinApeCoin(APE)$7.220.00%
  • Internet ComputerInternet Computer(ICP)$8.210.48%
  • decentralandDecentraland(MANA)$1.071.58%
  • ChainChain(XCN)$0.085133-0.18%
  • HederaHedera(HBAR)$0.077499-0.23%
  • The SandboxThe Sandbox(SAND)$1.330.88%
  • tezosTezos(XTZ)$1.890.97%
  • QuantQuant(QNT)$125.212.49%
  • theta-tokenTheta Network(THETA)$1.666.46%
  • Axie InfinityAxie Infinity(AXS)$18.600.39%
  • ElrondElrond(EGLD)$66.242.16%
  • FraxFrax(FRAX)$1.000.06%
  • AaveAave(AAVE)$101.562.80%
  • Lido DAOLido DAO(LDO)$2.45-4.25%
  • eosEOS(EOS)$1.231.33%