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Binance’s smart chain ecosystem is mainly composed of DeFi, NFT, games, and development, covering nearly 26 different fields such as wallets, infrastructure, derivatives, and stablecoins.
Author: Lou Yue
Wen chain recently released a ” list of coins An Investment territory: what seeds to grow eight track which obliterate all?? ” Article, reviews the world’s largest security encryption currency exchange currency current investment landscape. After publishing the article, many readers comments, hoping to collect more in-depth summary of coins and an intelligent chain (Binance Smart Chain, BSC) of the overall ecological layout.
After all, the public chain ecology laid out by centralized exchanges is currently a fiercely competitive track in the Chinese cryptocurrency market.
Since the second half of 2020 DeFi usher in a breakthrough development, driven to the center of this wave of financial innovation, the major exchanges are also trying to continue to embrace the development of DeFi, on-line trading from DeFi class tokens to set up their own public chain Ecosystem and other different perspectives to further explore the integration of CeFi+DeFi.
Among the exchange’s many strategic layouts, its own public chain system is not only a basic technology platform, but also meets the combined needs of DeFi and Lego , and helps the exchange to form a multi-faceted ecological closed loop, so the exchange has also accelerated The pace of related progress.
Binance Smart Chain: Exploring the integration of CeFi+DeFi
In the mainstream exchange, the currency is completely safe before DeFi wave of the outbreak has been promoting the distribution chain Exchange public areas. In April 2020, the Binance Chain community released a white paper. In September, the Binance Smart Chain was officially launched. While introducing BNB pledge mining, it has both cross-chain and EVM compatibility functions, support for smart contracts, and cross-chain interoperability. , Aims to further open the door to the DeFi field.
In the four months from the launch of Binance Smart Chain to January 8, 2021, an ecosystem with three main parts including DeFi, NFT, games, and development has been formed, covering wallets, infrastructure, derivatives, stablecoins, etc. Nearly 26 different fields.
DeFi focus layout: covering 17 different areas
DeFi field of ecology projects as the encryption industry the fastest growing areas of development, but also an intelligent chain currency of most concern, therefore, be content with currency in September 2020 had started a billion dollars to accelerate the ecological plans to build an intelligent chain on currency The goal of the new decentralized financial system is to provide relevant developers with support for infrastructure construction and functional application development.
In addition to financial support, the selected projects can also receive comprehensive resource support from Binance Ecology, including asset issuance platform, project incubation, and blockchain science education. At the same time, Binance Smart Chain is looking for more innovative DApps . These DApps can come from various fields such as asset synthesis, derivatives, predictive marketing, aggregators, etc. As of January 8, 2021, Binance Smart Chain on nearly 80 DeFi eco-partner project, covering 17 different areas, some of which the project is based directly on an intelligent coin chain structures, a number of projects compatible with support for the currency intelligent security chain, and this number continues to grow in.
As the largest purse of the user traffic entrance, it can help the industry expand and attract more users, the majority of mainstream applications are inseparable from the mature development of DeFi front-end purse, so coins in wallet chain security intelligence field also has deeply layout.
As of January 8, 2021, Binance Smart Chain Wallet partners include AlphaWallet, Binance Chain Wallet, BitKeep, Cobo, Hyperpay, MathWallet, MyEtherWallet, ONTO Wallet, SafePal, TokenPocket, Torus, Trust Wallet, a total of 12 major partners.
AlphaWallet is based on the ERC-875 protocol, which realizes the tokenization of the entire world of people, things, things, and rights. It is an open source project that helps smart contract-based applications achieve functions and improve user experience by building TokenScript and a wallet platform.
Binance Chain Wallet can send and receive funds on Binance Chain, Binance Smart Chain and Ethereum , and perform cross-chain transfers between Binance ‘s two withdrawal chains.
BitKeep is a decentralized digital wallet developed based on blockchain technology. The product supports mainstream main chains such as BTC, ETH, EOS, and supports thousands of digital assets, multi-wallet management, exchange asset docking, etc.
Cobo supports wallets for PoS services, safely stores assets, and unique PoS gains help assets increase in value.
Hyperpay wallet is a multi-ecological digital wallet that supports 43 main chains and more than 150 mainstream tokens.
Mathwallet Maizi Wallet is a general-purpose crypto asset wallet. It has been upgraded to MATH. MATH relies on the wallet, which is a blockchain asset hub with multi-chain and cross-chain as the core. Mathwallet is also the first batch to support Binance Smart Chain (BSC) One of the crypto asset wallets. Binance Labs once led the B round of financing of MathWallet. The co-investors were NGC Ventures, C6E (Capital6 Eagle) , Amber Group and other institutions. The total amount of this round of financing reached 12 million US dollars.
MyEtherWallet (MEW) is an old cryptocurrency web-side wallet that has been forked before, and Mycrypto is a forked version of MyEtherWallet. MyEtherWallet has launched a mobile wallet that supports iOS and Android systems.
ONTO Wal let integrates diversified functions such as identity and credit, digital assets and NFT, financial lending, cross-chain exchange, information push, and various practical DApps, and supports major public chains and their diversified digital assets.
SafePal is a hardware wallet project invested by Binance Labs.
TokenPocket wallet users can store, flash exchange, transfer, receive and trade encrypted currencies in the wallet. In addition, TokenPocket also supports thousands of DApps through the built-in DApp browser. Currently supports EOS, Bitcoin BTC, Ethereum ETH, Tron, IOST, Binance, Binance Smart Chain, BOS, Cosmos, MOAC, Jingtum chain.
Headquartered in Singapore, Torus provides a trustless decentralized private key management solution through distributed key generation technology in multi-party computing technology.
Trust Wallet is an Ethereum mobile wallet belonging to Binance.
To the center of the derivatives market DeFi occupy the entire eco-industry in a unique position, its future prospects and the development of imaginative scale, currency security intelligence chain of ecological map of the main Hedget, Mettalex and three Injective Protocol agreement in respect of derivatives .
Hedget ( HGET ) is a decentralized protocol for option trading. By providing collateral, users can create and trade different types of options on the blockchain. The protocol also adds second layer support for existing blockchains such as Ethereum to achieve faster, cheaper, and more Complex transactions. Quantitative trading company Alameda Research once made a strategic investment of $500,000 in Hedget in exchange for 100,000 HGET tokens.
Mettalex is a decentralized platform supported by Fetch.ai for trading cryptocurrency and commodity derivatives. It is currently preparing to launch the mainnet on Ethereum and Binance Smart Chain.
Injective Protocol is an Ethernet-based network Square, integrated to the center verifiable delay function (VDF), as evidenced by the passage of time (Proof of Elapsed Time) order to avoid conflicts within the same block to put an end to cheating and bad trade deal Transaction agreement. In 2018, he received angel investment from the Binance Labs incubation program, and later received ecological support from the incubation community StartX.
Extended reading: ” Selected Links | Understanding DeFi Potential Track “Decentralized Derivatives” “
In terms of ecological cooperation in DeFi infrastructure, Binance Smart Chain’s main partners include Web3 blockchain cloud infrastructure platform ANKR , Binance Smart Chain Block Explorer BSCscan , smart contract cloud development tool ChainIDE , ” Ethereum Gas Station Network” ” Gas Station Network , Ethereum smart contract ecosystem MyWish , block explorer NowNodes , and a governance solution Snapshot that combines off-chain voting and on-chain governance.
The center of the machine to the network as a prophecy of a connected world middleware block chain and chain, can be further expanded scenarios intelligent contracts, DeFi gradually become an integral part of the field, the current currency security intelligence chain DeFi oracle ecology The partners of the company have three agreements, Band Protocol , ChainLink and Sphinx Protocol .
Trading & Liquidity
BakerySwap is the AMM decentralized trading platform on the Binance Smart Chain, the next iteration of Uniswap. Liquidity providers will be rewarded with BAKE tokens, from which they can obtain a portion of BakerySwap transaction fees and can vote as part of BakerySwap governance.
BestSwap is a decentralized exchange strategically invested and incubated by Roark Fund . At the product level, the deployment of Bestswap on the Binance Smart Chain currently consists of three parts: AMM-based decentralized exchange Bestswap, liquid mining platform Best Farm , And the decentralized governance mechanism DAO.
Bounce Finance is based on a different Ethernet Square batch auction tools and Uniswap agreement is that it needs to set a time limit and the duration of the auction, exceeding the upper limit of the funds will be bounced back (bounce) to the user. Its protocol governance token BOT may add functions such as auction pools, as well as increase repurchase and destruction models.
bStable.finance is a stable currency exchange protocol based on the development of Binance Smart Chain, which provides stable currency exchange services with low slippage, low handling fees and deep reliability.
BurgerSwap money is safe community developed the first mining project, based on an intelligent coin chain, one of the major flaws SushiSwap and other similar projects is that they do not really care about the community and governance. Due to the undemocratic way in which the agreement was created, the rewards and rewards for liquidity providers are small and will not change. BurgerSwap hopes that BURGER is suitable for everyone, so that everyone can use DeFi.
DODO algorithm is based on the next-generation active maker chain mobility solutions, by the access oracle, slippage may be provided Uniswap than ten times lower. In addition, the features of DODO include only needing to provide a single asset as a liquidity provider, thereby avoiding impermanent losses and holding risks, and supporting first asset issuance and lightning exchange.
Equator.Finance is a universal liquidity agreement that supports the flexible construction of custom capital pools and suggestions between any BEP20 assets.
Jetfuel is a deflationary liquid mining ecosystem built on the Binance Smart Chain.
PancakeSwap is a BEP-20 decentralized trading platform built on the Binance Smart Chain, which uses an automatic market maker mechanism to provide liquidity.
Rubic is a DeFi multi-chain peer-to-peer platform, users can immediately trade tokens or trade in accordance with its terms, share and generate income.
Spartan Protocol is the first liquidity incentive protocol on Binance Smart Chain. SPARTA assets will be used as liquid assets in the fund pool, and can also be used as collateral to synthesize tokens, which can ensure that it has high liquidity and can safely liquidate unsafe positions in real time.
StableXSwap is an AMM DEX focused on stablecoins built by StableX Labs on the Binance Smart Chain.
Tenet is a DeFi product incubated by DREP Signal Labs, focusing on creating AMM connectors for DeFi Layer 2 facilities.
The vision of the Thugs.Fi project is to create a functional and interesting token ecosystem on the Binance Smart Chain, which is built around NFT, games and token technology.
UniFi cross-chain DeFi infrastructure is a set of non-custodial, interoperable, and decentralized cross-chain smart contracts designed to provide infrastructure for the next generation of DeFi development. UniFi provides a bridge to connect the existing economic model of Ethereum-based DeFi products with the growing DeFi market on other blockchains.
UniSave is a Y3D Finance (Y3D) community incubation product. It is a decentralized exchange protocol compatible with Uniswap. Compared with the original Uniswap, UniSave has no protocol-level handling fees, but supports the connection of idle assets in the protocol to other DeFi aggregators Mining is carried out in the agreement to increase market-making income.
Unitrade is an intelligent trading platform based on Uniswap, which provides users with various trading tools that Uniswap does not have, including: real-time order book, real-time depth chart, transaction history, K-line indicators, limit orders and other functions.
Credit & Loan
7up.Finance is a decentralized Filecoin (FIL) lending and investment platform based on Binance Smart Chain.
CokeFinance is an open source AMM lending protocol based on the Binance Smart Chain, which introduces market-making vouchers (LP Tokens) as a mining mechanism.
Cream.finance is an open and inclusive financial system based on smart contracts. It will push the boundaries of emerging financial systems to contain as many users and assets as safely as possible. It will first pass the algorithmic currency on the Binance Smart Chain The market agreement is launched.
ForTube is a DeFi lending platform launched by The Force Agreement. ForTube is based on smart contracts and automated algorithm technology. Users can deposit coins to earn interest, and mortgage coins to pay interest. ForTube’s interest rate is determined by market supply and demand, and the assets are controlled by users. It supports deposit and withdrawal, and borrow and return.
Venus is an algorithm-based money market system that aims to introduce a decentralized finance-based lending system into the Binance Smart Chain. It is also the fourth project of Binance’s new coin mining.
Revenue & Aggregator
Bearn.fi is a cross-chain product. Its core provides revenue chain generation, casino and game aggregation, bridging, fund management, and multi-chain governance.
BeefyFinance and Pancakebunny are revenue aggregators based on Binance Smart Chain.
Defi.money (YFII) is a platform that focuses on providing users with DeFi wealth gathering services. From many DeFi liquid mining products, YFII automatically selects and configures the products that are most in line with the interests of users based on factors such as annualized rate of return, safety factor, and financial management cycle.
Dego is the Lego of the DeFi world. It adopts modular design and integrates various elements of the product to form a subsystem with specific functions. The modules are combined to create a new system with multiple functions and a diversified portfolio. , And bring considerable financial returns to users.
dForce is a blockchain- based decentralized financial DeFi and currency protocol platform that provides the underlying infrastructure for DeFi and open financial applications.
fry.world is a revenue aggregator on the Binance Smart Chain. You can obtain FRIES within a limited time by purchasing BEP-20 tokens.
OpenOcean is a fully-aggregated protocol that can be combined with machine learning through intelligent algorithms, which can help users find a path that supports the best price and lowest slippage after comparing prices on different DEXs and CEXs , and conduct one-stop trading.
Reef.finance is a multi-chain intelligent revenue engine and liquidity aggregator based on Polkadot .
Xend Finance is built on the Binance Smart Chain, seeking to introduce the concept of “credit cooperatives” in DeFi.
Extended reading: ” Selected Good Articles from Chain News｜Understand the growing DeFi aggregator “
Data analysis & visualization
BitQuery was previously called Bloxy and is building a blockchain data engine through which data from multiple blockchains can be easily accessed.
BSC.NEWS provides the latest DeFi news, features and analysis news reports related to Binance Smart Chain.
CoinMarketCap is an encrypted digital market information platform, including comprehensive data information such as market value and ranking. The first choice for retail investors to browse the top cryptocurrency quotes and market data. A lot of media also like to quote the website’s offer on cryptocurrency. The traffic is huge, and it can even affect the market.
dapp.com is a DApp distribution platform that provides display distribution and data analysis for more than 2,200 applications in multiple public chains including Ethereum, EOS, Tron, Steem, Tomochain, IOST, Blockstack, etc. Its goal is to build a data-driven area The blockchain application ecological framework allows users to explore and use all decentralized applications without barriers.
Dapp.review is an application ecological platform focusing on blockchains . Currently, 15 blockchains have included more than 5000 applications in total.
DAppRader provides developers and users with convenient application market data tracking services, including DApp data information based on Ethereum and EOS, and intuitive display of market data, statistical data charts and analysis insights of the entire DApp ecosystem.
DefiStation is a DeFi ranking and analysis website. It tracks the total market value of DeFi locked on the chain in real time for decentralized financial projects built and operated on the Binance smart chain, and has an in-depth understanding of the growth trend and trends of decentralized finance. The project is developed and maintained by Cosmostation and funded by Binance.
PARSIQ is a blockchain monitoring and automation work platform that can act as a multi-layer bridge between blockchain and off-chain applications. The function of PARSIQ can automatically perform blockchain analysis and monitoring processes, and provide a customizable workflow with real-time intelligence.
AnySwap is a cross-chain digital asset transaction protocol, based on Fusion DCRM technology, with an automatic pricing and liquidity system.
Binance Bridge is a cross-chain bridging service designed to improve the interoperability between different blockchains . Essentially, it allows anyone to convert selected tokens into Wrapped form tokens (or “pegged tokens”) for use on Binance Chain and Binance Smart Chain.
JellySwap is a decentralized application that supports cross-chain exchange, allowing value transfer between different networks.
NerveNetwork is a decentralized digital asset service network. It is based on the NULS microservice framework and uses NULSChainBox (the bottom layer of the chain factory) to develop and build a blockchain cross-chain interaction protocol.
PolyNetwork is a cross-chain interoperability protocol designed to connect existing heterogeneous blockchains (public chain, consortium chain, private chain) , which can realize any information between heterogeneous chains (not only assets). Cross-chain) , and finally achieve transactional consistency of cross-chain information.
RenVM is a Byzantine Error (BFT) network that can achieve universal interoperability between blockchains . By combining consensus with a secure multi-party computing (MPC) algorithm, RenVM can instantiate a decentralized, permissionless, and trustless custodian who can lock assets on a chain and perform one-to-one The way to fix assets on other chains.
Cross-chain pledge & mining
BETH is the certificate for users to lock ETH, and has two rights. One is that BETH will be the only certificate for 1:1 exchange of ETH after ETH 2.0 is officially launched; the other is that the ETH lockup income will be based on the BETH held by the user. The form is issued to the user’s spot wallet on a daily basis.
BTCST Binance New Coin Mining announced the launch of Bitcoin Standard Hash Rate (BTCST) . Binance New Coin Mining aims to provide users with a better decentralized financial (DeFi) service experience and create a new mining model. BTCST is committed to providing liquidity at the trading platform level and solving the problem of restricted exit channels during the BTC mining process. In secondary market transactions, BTCST is similar to Bitcoin’s “leveraged token” in the secondary market, but it does not have to bear the liquidity risk of Bitcoin.
BUSD was approved by the New York State Department of Financial Services (NYDFS) and issued by Binance and Paxos as a stable currency priced at 1:1 USD
PAX is a stable currency regulated by the US government, Paxos Standard, or PAX for short. It is also one of the first two stablecoins recently approved by the New York Financial Services Agency NYDFS.
QIAN is a stablecoin protocol based on Ethereum. It provides a one-stop solution for the release of mainstream encrypted assets liquidity. It is committed to allowing users to instantly realize their holdings with low risk, no cost, and no loss of ownership. Of encrypted assets to obtain liquidity.
Venus is a money market protocol that aims to introduce a completely decentralized lending system into the Binance Smart Chain (BSC) for fast and low-cost transactions. In addition, based on the Binance smart chain “Venus”, a decentralized stable currency VAI supported by a basket of BEP-20 tokens will be minted.
Alternative stable currency
Ditto Money is a flexible supply token on the Binance Smart Chain, and its supply has the ability to readjust according to the current price. DITTO’s goal is to keep the price stable at around $1. In order to achieve this goal, the Rebases mechanism is used to adjust the daily supply. Ditto is also a community project. Ditto token holders vote on all important decisions in the community, such as protocol updates and monetary policy changes.
bDollar is the first algorithmic stablecoin project on Binance Smart Chain.
In terms of Bitcoin cross-chain, Binance Smart Chain has three ecological cooperation projects: anyBTC, BTCB and renBTC.
Among them, anyBTC is the ERC 20 version of Bitcoin, which can be traded on the cross-chain digital asset trading protocol AnySwap; Bitcoin BEP2 (BTCB) is a stable digital currency issued by Binance that anchors the value of BTC (1 BTCB = 1 BTC) , Issued in an open and transparent manner in accordance with a 100% margin system; renBTC is a Bitcoin anchor coin issued on Ethereum based on Ren Protocol.
KYC & identity
Ontology is a new generation of high-performance basic public chain, including complete distributed ledger and smart contract system support. At the same time, the Ontology framework supports the public chain network system. In addition to providing basic public chain services, the Ontology blockchain framework supports public chain customization for different applications, and supports chain network collaboration through different protocol groups.
Prosper is a short-term prediction market platform on the Binance Smart Chain. Players can use Prosper to predict the BNB market and obtain PROS token rewards.
Certik ensures the security of smart contracts and blockchain systems through formal verification. The company was founded by three professors in the field of computer science. The core team members include Yale University professor Shao Zhong and Columbia University professor Gu Ronghui. The project aims to solve the industry’s pain points in helping smart contracts perform security verification.
Helmet is an encrypted asset insurance trading platform on the Binance Smart Chain BSC. It is constructed with option trading logic as the bottom layer, and a peer-to-peer asset price insurance trading protocol. Anyone or agreement can use Helmet contract to make asset insurance and issue insurance policies to the market.
Soteria is a DeFi mutual insurance based on the Binance smart chain. The project includes four parts: risk protection fund pool, risk assessment, claim assessment and community governance.
SWFT Blockchain was created in the fall of 2017. It is a “one-stop cross-chain” fund transfer solution. SWFT Blockchain promotes blockchain 3.0 and token economy by reducing friction caused by cross-blockchain interoperability and price differences. development of.
NFT & games
In addition to the popular DeFi in the encryption field, NFT has also become one of the hottest tracks in the market, and Binance Smart Chain has also stepped up its layout in this field.
For example, the wallet partners include Mathwallet , SafePal and TokenPocket .
The Arkane Network in infrastructure allows game developers and other DApps to easily integrate Binance Smart Chain and its tokens into their applications. Blockchain application service CurveGrid creates new technologies and builds bridges with traditional systems and applications.
E-sports platform based on voting block chain of Chiliz, based on an intelligent coin chain fashions NFT identify trading platform Realy is focused on traditional industry into NFT market.
Partners in the integration of DeFi and NFT include Ethereum-based batch auction tools Bounce.Finance and Dego , digital art charity donation platforms NFT For Good and Thugs.Fi initiated by Binance Charity and Binance Smart Chain.
And includes Alpaca.City, Bondly.Finance, Juggernaut JGN including collections; include BambooSwap, Battle Pets, Blink, RocketGame including games; including BakerySwap, BCA, Lootex, Pancakeswap including market, and many other partners.
Extended reading: “A panoramic interpretation of the next crypto investment boom NFT “
From the perspective of tool providers, Binance Ecochain partners provide developers with a smart contract cloud development tool ChainIDE and an Ethereum DApp-based smart contract monitoring, alerting and troubleshooting tool Tenderly .
Hackathon support multiple organizations Dorahacks, Encode Club, Gitcoin and Hackerlink and so on.