Binance Chain is getting its own DeFi yield farms after Ethereum
BTC $10,709 (+3.6%) • ETH $377 (+5.3%) • XRP $0.24 (+2.2%)
For the past few months, decentralized finance (DeFi) has blown up. Coins pertaining to the space have rallied exponentially while the value of cryptocurrency locked in DeFi contracts has similarly skyrocketed.
The thing is, most of this growth has been relegated to Ethereum — and Ethereum only.
Other blockchains lacked the developers, users, and capital to go after DeFi, which is an industry inherently based on network effects.
But this is rapidly changing with the launch of Binance’s Smart Chain, which will enable Binance Coin and the Binance ecosystem to have its own DeFi bubble
📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins
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