Tag Archives: bnb chain

BNB Chain – the community-driven blockchain ecosystem – announced the public launch of the Greenfield Mainnet. According to the official blog post, Greenfield is a decentralized storage-centric network designed to cater to data-intensive decentralized applications within the BNB ecosystem. This network aims to offer customizable storage solutions that seamlessly integrate with smart contracts on the BNB Smart Chain. BNB Doubles Down on Decentralized Data Storage During...

The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack on BNB Chain As per reports, the MEV Bot with address 0x216Ccf on the BNB Chain emerged as the record holder of the most significant single arbitrage profit...

Binance CEO Changpeng Zhao (CZ) credited a little-known X (formerly Twitter) user on Wednesday for dispelling rumors of internal chaos at Binance, which suggested that the exchange was desperately selling its Bitcoin stash to protect the price of its native token, BNB. The rumors pertained to a vulnerable BNB collateralized DeFi loan on Venus protocol that approached liquidation this week. Is BNB in Trouble? As explained by @zkHopium, the loan in question began with BNB...

A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday. According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated of 1.1 million Venus BNB (vBNB) worth around $9.9 million with the asset’s price as $9.4. The second liquidation was...

CoinspeakerBNB Chain’s August Upgrades Expected to Improve Security and Sync with EVM Chains A fast finality mechanism on the BNB Chain would mean a safer environment for decentralized applications (dApps). BNB Chain’s August Upgrades Expected to Improve Security and Sync with EVM Chains

The number of average daily active addresses on the BNB Chain spiked to 1.4 million in the second quarter of 2023, signaling a 25.6% increase from the figure recorded in Q1. According to a report by crypto intelligence firm Messari, the number of daily active addresses almost reached an all-time average of approximately 1.5 million recorded in Q4 2021, during the end of the last bull season. BNB Chain Sees Increase in Daily Active Addresses Messari’s researchers found that...

CoinspeakerBNB Chain Unveils Hackvolution to Boost Ecosystem Growth Developers and users who participate in Hackvolution are contributing to the growthof the BNB chain ecosystem. BNB Chain Unveils Hackvolution to Boost Ecosystem Growth

Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.” The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues, it noted. Binance Pool is the exchange’s service platform dedicated to improving the income of BTC miners....

The BNB Chain core team is set to take over a substantial Binance Coin (BNB) loan position belonging to the decentralized lending platform Venus Protocol as it approaches its liquidation threshold. The $150 million BNB loan belonged to a hacker who exploited a cross-chain infrastructure on the BNB Chain in October 2022, resulting in the loss of more than $100 million in crypto assets. BNB Chain to Take Over Venus’ $150M Loan Position According to the BNB Chain team, $30...

Boba said its users on BNB Chain are saving around 80% on transaction fees by using its network. Boba Network said today its Layer-2 scaling solution had achieved mass adoption on Binance’s BNB Chain, with its transaction volume more than quadrupling in April compared to the previous month. The network’s developers revealed that Boba processed 2,863,240 transactions throughout April, averaging around 100,000 per day. The network handled 585,818 transactions in March, up from just 99,362 in...