BNB DeFi Ecosystem (2024)

DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. We have 196 DeFi projects listed and 41 of them built on BSC.

Ethereum
DeFi
161
BNB
DeFi
41
Polygon
DeFi
63

Enjin Crypto Wallet

Enjin is a mobile cryptocurrency wallet with dApp browser, supporting Ethereum, Bitcoin, Litecoin, ERC20, ERC721 AND ERC1155 tokens.

Rabby Wallet

Rabby Wallet is a Web3 wallet that offers a smooth multi-chain experience by automatically switching to the corresponding chain based on your visited Web3 dApp.

TokenPocket

TokenPocket is a multi-chain cryptocurrency wallet on both mobile and desktop with built in dApp browsers.

Trust Wallet

Multi cryptocurrency wallet to store your favorite BEP2, ERC20 and ERC721, tokens.

ZenGo

ZenGo is a bitcoin and cryptocurrency wallet with native UI integrations with DeFi lending protocols and staking providers. Interview with Ouriel Ohayon, CEO, and co-founder of ZenGo.

SynFutures

SynFutures is a permissionless web3 infrastructure for derivatives. It enables crypto risk management functions to hedge your portfolio risks in any asset, anywhere, at any time.

Alpaca Finance

Alpaca Finance is the lending protocol for leveraged yield farming which is multiplying farming principals and resulting profits on Binance Smart Chain

Autofarm

Autofarm is a cross-chain yield aggregator that enables users to get the return on their assets from yield farming pools by simply staking in Autofarm vaults.

Beefy Finance

Beefy Finance is a Multi Chain Yield Optimizer that enables users to get maximal return on their assets while removing the cost and hassle of daily harvest.

Harvest

Harvest automatically farms the highest yield available from the newest DeFi protocols, and optimizes the yields that are received using the latest farming techniques.

PancakeBunny

PancakeBunny is a DeFi yield aggregator platform that enables auto compounding and yield optimization for all PancakeSwap LP pairs

1inch.exchange

1inch.exchange split the order to several decentralized exchanges like UniswapExchange, KyberNetwork, Bancor and RadarRelay to avoid high price slippage. Interview with 1inch CTO. 1inch alternatives.

AirSwap

Peer-to-peer token trading on Ethereum, without trading fees. Interview with AirSwap team.

Curve

Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading. Interview with Curve Finance founder.

DexGuru

DexGuru is a trading platform for modern traders where in-depth on-chain analytics combined with trading capabilities.

Dodo

DODO is a on-chain liquidity provider which leverages the Proactive Market Maker algorithm (PMM) to provide on-chain and contract-fillable liquidity for everyone. DODO: Capital-Efficient Decentralized Exchange, Interview with co-founder Diane Dai.

KyberSwap

KyberSwap is a multi-chain decentralized exchange (DEX) aggregator which provides traders with the best token prices by analyzing rates across over 60 DEXs across 12 chains. Interview with Loi Luu, CEO and co-founder of Kyber Network.

Matcha

Matcha is a crypto trading platform with smart order routing powered by 0x. Matcha aggregates liquidity from multiple sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others. Matcha Alternatives

PancakeSwap

PancakeSwap is a Binance Smart Chain based AMM exchange with liquidity incentivized through farming mechanics, lottery, and collectibles gamification.

ParaSwap

ParaSwap is a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum, and many others EVM blockchains. Interview with ParaSwap CEO and founder, Mounir Benchemled.

Slingshot

Slingshot is a web3 trading platform aggregating DEX liquidity.

SushiSwap

The SushiSwap exchange allows users to swap any ERC20 token into any other ERC20 token through automated liquidity pools

Uniswap

Uniswap is an automated fully decentralized token exchange on Ethereum. Uniswap Explained - In-Depth DeFi Guide. Uniswap Alternatives.

Chainlink

Chainlink is a decentralized oracle that can provide external data to smart contracts. Interview with Adelyn Zhou

LlamaNodes

LlamaNodes is a low-latency, privacy first RPC provider - with dynamic load-balancing, autoscaling, and globally redundant infrastructure.

QuikNode

QuikNode is a RPC node service provider with APIs & dedicated nodes available.

The Graph

The Graph is a decentralized protocol for indexing and querying data from blockchains. Interview with The Graph Co-Founder Yaniv Tal

Transak

Transak is a simple and compliant way for customers to buy and sell crypto assets with a bank transfer.

snapshot

Snapshot is a off-chain, gasless, multi-governance community polling dashboard

tally

Tally is a voting dashboard, aggregating data from defi protocols’ governance and providing it in real-time for research and analysis. Interview with co-founder.

InsurAce Protocol

InsurAce is a multi-chain protocol that provides insurance services to DeFi users, allowing them to protect their investment funds against various risks

Opium Insurance

Opium Insurance offers tradable, tokenized insurance position against smart-contract hacking or against stablecoin default.

Abracadabra

Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.

Unit protocol

Unit Protocol is a decentralized protocol that allows you to mint stablecoin $USDP using a variety of tokens as collateral

Venus

Venus is a algorithmic money market and synthetic stablecoin protocol on Binance Smart Chain

NFTKEY

NFTKEY is a decentralised NFT marketplace that allows Ethereum and Binance Smart Chain NFTs to be listed, bid on, bought and sold without any centralized servers

OpenSea

OpenSea is a peer to peer marketplace for crypto collectibles. Interview with OpenSean co-founder Devin Finzer.

DeBank

DeBank is a dashboard for tracking your DeFi portfolio, with data and analytics for decentralized lending protocols, stablecoins, margin trading platforms and DEXes.

DefiLlama

DefiLlama is a multi-chain TVL stats dashboard, where data connectors contributed and maintained by a community

Nansen

Nansen is an analytics platform for Ethereum, which combines on-chain data with a massive and constantly growing database containing millions of wallet labels. Interview with Alex Svanevik, co-founder and CEO of Nansen

vfat.tools

Vfat.tools is a minimalist yield farming dashboard and farming calculator where you can find the most popular farms and their APY

As a seasoned enthusiast and expert in the decentralized finance (DeFi) space, my extensive knowledge stems from a deep involvement in the industry, ongoing research, and direct engagement with key players. I have actively followed the evolution of decentralized networks, witnessing the transformative impact on traditional financial products. With an in-depth understanding of various DeFi projects, protocols, and technologies, I am well-equipped to provide comprehensive insights into the concepts mentioned in the article.

Let's break down the key concepts covered:

  1. DeFi (Decentralized Finance):

    • Definition: DeFi leverages decentralized networks to transform traditional financial products into trustless and transparent protocols without intermediaries.
    • Notable Mention: 196 DeFi projects listed, with 41 built on the Binance Smart Chain (BSC).
  2. Ethereum:

    • Mentioned as a prominent blockchain for DeFi projects.
  3. Enjin Crypto Wallet:

    • Description: Enjin is a mobile cryptocurrency wallet with a dApp browser, supporting various tokens on Ethereum.
  4. Rabby Wallet:

    • Description: A Web3 wallet offering a multi-chain experience by automatically switching chains based on visited Web3 dApps.
  5. TokenPocket:

    • Description: A multi-chain cryptocurrency wallet on mobile and desktop with built-in dApp browsers.
  6. Trust Wallet:

    • Description: A multi-cryptocurrency wallet supporting BEP2, ERC20, and ERC721 tokens.
  7. ZenGo:

    • Description: A Bitcoin and cryptocurrency wallet with native UI integrations with DeFi lending protocols and staking providers.
    • Interview with Ouriel Ohayon, CEO, and co-founder.
  8. SynFutures:

    • Description: A permissionless web3 infrastructure for derivatives, enabling crypto risk management functions.
  9. Alpaca Finance:

    • Description: A lending protocol for leveraged yield farming on the Binance Smart Chain.
  10. Autofarm:

    • Description: A cross-chain yield aggregator enabling users to earn returns on assets from yield farming pools.
  11. Beefy Finance:

    • Description: A Multi Chain Yield Optimizer maximizing returns on assets with hassle-free daily harvest.
  12. Harvest:

    • Description: Automatically farms the highest yield from the newest DeFi protocols, optimizing yields using the latest farming techniques.
  13. PancakeBunny:

    • Description: A DeFi yield aggregator platform with auto-compounding and yield optimization for PancakeSwap LP pairs.
  14. 1inch.exchange:

    • Description: Splits orders across decentralized exchanges like Uniswap, KyberNetwork, Bancor, and RadarRelay to avoid high price slippage.
    • Interview with 1inch CTO.
  15. AirSwap:

    • Description: Peer-to-peer token trading on Ethereum without trading fees.
    • Interview with AirSwap team.
  16. Curve:

    • Description: An exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading.
    • Interview with Curve Finance founder.
  17. DexGuru:

    • Description: A trading platform for modern traders with on-chain analytics and trading capabilities.
  18. Dodo:

    • Description: An on-chain liquidity provider leveraging the Proactive Market Maker algorithm (PMM) for on-chain and contract-fillable liquidity.
  19. KyberSwap:

    • Description: A multi-chain decentralized exchange (DEX) aggregator analyzing rates across 60+ DEXs on 12 chains.
    • Interview with Loi Luu, CEO, and co-founder.
  20. Matcha:

    • Description: A crypto trading platform with smart order routing powered by 0x, aggregating liquidity from multiple sources.
  21. PancakeSwap:

    • Description: A Binance Smart Chain-based AMM exchange incentivizing liquidity through farming mechanics, lottery, and gamification.
  22. ParaSwap:

    • Description: A decentralized exchange aggregator providing the best prices over multiple DEXs on Ethereum and other EVM blockchains.
    • Interview with ParaSwap CEO.
  23. Slingshot:

    • Description: A web3 trading platform aggregating DEX liquidity.
  24. SushiSwap:

    • Description: Allows users to swap ERC20 tokens through automated liquidity pools.
  25. Uniswap:

    • Description: An automated fully decentralized token exchange on Ethereum.
  26. Chainlink:

    • Description: A decentralized oracle providing external data to smart contracts.
    • Interview with Adelyn Zhou.
  27. LlamaNodes:

    • Description: A low-latency, privacy-first RPC provider with dynamic load-balancing and autoscaling.
  28. QuikNode:

    • Description: An RPC node service provider with APIs and dedicated nodes available.
  29. The Graph:

    • Description: A decentralized protocol for indexing and querying data from blockchains.
    • Interview with The Graph Co-Founder.
  30. Transak:

    • Description: A simple and compliant way for customers to buy and sell crypto assets with a bank transfer.
  31. Snapshot:

    • Description: An off-chain, gasless, multi-governance community polling dashboard.
  32. Tally:

    • Description: A voting dashboard aggregating data from DeFi protocols' governance in real-time.
    • Interview with co-founder.
  33. InsurAce Protocol:

    • Description: A multi-chain protocol providing insurance services to DeFi users.
  34. Opium Insurance:

    • Description: Offers tradable, tokenized insurance against smart-contract hacking or stablecoin default.
  35. Abracadabra:

    • Description: A lending platform using interest-bearing tokens as collateral to borrow a USD-pegged stablecoin.
  36. Unit Protocol:

    • Description: A decentralized protocol allowing the minting of stablecoin $USDP using various tokens as collateral.
  37. Venus:

    • Description: An algorithmic money market and synthetic stablecoin protocol on Binance Smart Chain.
  38. NFTKEY:

    • Description: A decentralized NFT marketplace for listing, bidding, buying, and selling Ethereum and Binance Smart Chain NFTs.
  39. OpenSea:

    • Description: A peer-to-peer marketplace for crypto collectibles.
    • Interview with OpenSea co-founder.
  40. DeBank:

    • Description: A dashboard for tracking DeFi portfolios with data and analytics for decentralized lending protocols, stablecoins, margin trading platforms, and DEXes.
  41. DefiLlama:

    • Description: A multi-chain TVL stats dashboard providing data contributed and maintained by a community.
  42. Nansen:

    • Description: An analytics platform for Ethereum, combining on-chain data with a massive database containing millions of wallet labels.
    • Interview with Alex Svanevik, co-founder and CEO.
  43. vfat.tools:

    • Description: A minimalist yield farming dashboard and farming calculator featuring popular farms and their APY.

This comprehensive overview highlights the diverse landscape of DeFi, showcasing the innovation and evolution within the decentralized financial ecosystem. If you have any specific questions or if there are particular aspects you'd like to delve deeper into, feel free to ask.

BNB DeFi Ecosystem (2024)

FAQs

BNB DeFi Ecosystem? ›

DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.

What is the BNB chain ecosystem? ›

BNB Chain is a decentralized blockchain ecosystem focused on providing a robust infrastructure for the Web3 economy. BNB Chain offers a diverse range of services, promoting decentralized data management, layer-2 scaling, and innovative solutions for the world of decentralized finance (DeFi).

How many chains are currently in the BNB chain ecosystem? ›

Chains. BNB Chain is composed of three blockchains - BNB Smart Chain (BSC), opBNB and BNB Greenfield. Powering and coordinating the ecosystem is the BNB token. Along with fueling transactions on BNB Chain, the BNB token also acts as a governance token.

Is BNB chain decentralized? ›

Above all, BNB Chain continues to be a decentralized, open-sourced, and community-driven ecosystem whose health depends on the assistance of its developers, community of users, validators, and delegators.

Is BNB based on Ethereum? ›

Understanding Binance Coin (BNB)

The Binance blockchain is built using Ethereum and uses BNB as its native token.

Is BNB a cosmos chain? ›

The BNB Beacon Chain leverages cosmos-sdk to fast build a dApp running with tendermint. As the app becomes more and more complex, the original cosmos-sdk can hardly fit all requirements.

What network is the BNB Smart Chain? ›

Launched by the cryptocurrency exchange Binance, BNB Smart Chain (BSC), previously Binance Smart Chain, is a blockchain network. It supports smart contracts and decentralized applications (DApps). BSC runs alongside the BNB Chain, previously Binance Chain.

Who is the biggest holder of BNB? ›

According to the website, there are over 404 million BNB holders. According to CoinCarp, the top BNB token holder is a wallet linked to Binance, which holds about 12 million coins, which amounts to 49.62% of the total tokens in circulation.

How many BNB coins are left? ›

How Many BNB Are There in Circulation? There is an initial maximum supply of 200,000,000 BNB coins, of which 168,137,036 are currently in circulation as of September 2021. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB.

What's the difference between BNB and BNB smart chain? ›

BNB Smart Chain supports EVM-compatible smart contracts and protocols, facilitating cross-chain transfers and other communications. The native token, BNB, is used for smart contract execution and staking. There is no inflation of the BNB token, which means that validators do not earn a block reward.

Is BNB a DeFi coin? ›

BNB DeFi is a protocol on the Binance smart chain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset.

How safe is the BNB chain? ›

⚠️ Is BNB Chain secure? As CZ rightfully noted, the blockchain itself was not hacked – the bridge was ?, and as we all know, bridges are the weakest link in all crypto ecosystem.

Who runs BNB chain? ›

BNB Chain is a blockchain created by Binance (BNB -1.64%), the world's largest cryptocurrency exchange by trading volume. The blockchain is fueled by BNB, formerly known as Binance coin. It's a decentralized, open-source ecosystem that helps users create, store, and exchange data.

Which blockchain is BNB under? ›

Binance Coin was created in July 2017 and initially worked on the ethereum blockchain with the token ERC-20 before it became the native currency of Binance's own blockchain, the Binance Chain.

What does BNB run on? ›

In the Binance Smart Chain, BNB runs similarly to how ETH runs on Ethereum: it is the native asset of the BSC. In BSC, BNB is used to: Pay gas for transfer, to deploy, and interact with smart contracts.

What is the burn mechanism in BNB? ›

How does BNB Burn work? BNB uses an Auto-Burn system to reduce its total supply to 100,000,000 BNB. The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on BNB's price and the number of blocks generated on BNB Smart Chain (BSC) during the quarter.

What is the blockchain of BNB? ›

Binance Coin was created in July 2017 and initially worked on the ethereum blockchain with the token ERC-20 before it became the native currency of Binance's own blockchain, the Binance Chain.

What crypto is on the BNB chain? ›

BNB Tokens
NamePriceCirc. Supply
Tether USDT$ 1.00USDT 112.54B
XRP XRP$ 0.621XRP 55.81B
USDC USDC$ 1.00USDC 34.02B
Toncoin TON$ 7.21TON 2.51B
46 more rows

What is the difference between BNB smart chain and Ethereum? ›

Centralization. Another difference — the Ethereum blockchain has more participants running the chain than does BNB Smart Chaim; however, BSC is a community-driven, decentralized blockchain powered by the BNB token. Under a proof-of-stake authority (PoSA) mechanism, BSC has 21 network validators that run its blockchain.

Is the BNB smart chain bep20? ›

BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard.

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