Alpaca, BiSwap, BabySwap, Baby Doge Swap and Stargate were the only major BNB Chain projects to post double-digit increases in TVL in the past week.
Biggest TVL Increases on BNB Chain
The bears are still ruling the cryptocurrency markets, but lately there’s been a hint of green on the charts. In this story we look at the five hottest Decentralized Finance (DeFi) projects on BNB Chain, in terms of seven-day increase in Total Volume Locked (TVL), according to DefiLlama.
The projects highlighted include Alpaca Finance, BiSwap, BabySwap, Baby Doge Swap and Stargate. They are the only BNB Chain projects with a TVL of more than $10 million to post double-digit increases in TVL in the past week.
Alpaca Finance
The top leverage yield farming protocol on BNB Chain, Alpaca Finance posted the top seven-day increase in TVL on the chain, according to DefiLlama.
The 56% increase is even more impressive considering the already considerable size of its TVL is $435 million.
For more on Alpaca Finance, check out the BSC News Alpaca Finance Project Insight.
Where to find Alpaca Finance:
Website | Twitter | Telegram | Discord | Medium | GitHub |
BiSwap
There’s been an industry-wide shift to Decentralized Exchanges (DEXes) after the collapse of the Centralized Exchange empire FTX.
One of the beneficiaries has been BiSwap, the second-leading DEX on BNB Chain after PancakeSwap.
In the past week, BiSwap’s TVL increased by an impressive 32% to bring its total to $242 million. (By comparison, PancakeSwap’s TVL also rose, but by “only” 6%.)
For more info on BiSwap, check out the BSC News BiSwap Project Insight.
Where to find BiSwap:
Website | Whitepaper | Twitter | Github | Telegram
BabySwap
BabySwap is another BNB Chain DEX, but its ecosystem has grown into Baby MetaFi with Automated Market Maker (AMM), Non-Fungible Token (NFT), Gaming and Metaverse elements.
In the past week, BabySwap’s TVL increased by 20% to reach $17 million. Good job, Baby!
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