Researchers from the DappRadar team have found that Binance Chain is becoming increasingly attractive to dApps developers.
In this regard, the network already competes directly with Ethereum, which traditionally holds the lead among platforms used to launch applications.
At the same time, the researchers immediately noted that the number of users is smaller since each of them can control several wallets.
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Autofarm and Goose Finance are among the ten most popular apps by DappRadar. These services are deployed on the Binance Chain.
Note that the Binance exchange started its blockchain in September last year. Currently, this network processes an average of 2.642 million transactions per day.
It is compatible with Ethereum applications, while transactions on the Binance Chain network are significantly cheaper.
The underlying asset is the Binance Coin (BNB) token. In early February 2021, it was trading at $ 45, now BNB is holding around $ 230. The coin is in the top three largest digital currencies.