Binance Smart Chain (BSC) DApp development are now drawing more users to Binance Smart Chain thus making BSC as one of the strongest contenders to Ethereum Blockchain. According to recently tracked projects on DApp radar, there are nearly 66 DApps listed on Binance Smart Chain and from that a couple of projects are changing the world of DeFi.
For those of you who doesn’t know about Binance Smart Chain, here is a quick review. Binance smart chain or the BSC is a blockchain platform that runs parallel with the Binance chain. It supports apps coded for Ethereum network. The platform was launched in Sept 2020 and it has made progress ever since.
Presently there is an increasing trading volume and unique crypto wallets listed in the BSC Binance Smart Chain. This can very well be the beginning of Binance Smart Chain. Also the more DApp development can strengthen the Binance Smart Chain user flow in the future too. This just means that BSC is very great platform for Binance Smart Chain DApp Development.
We Pulsehyip, the leading DApp development company can support and assist you in Binance Smart Chain (BSC) DApp development. We can help you develop DApps similar to the list of top Binance Smart Chain DApps mentioned below. Hang on there, to get more information.
Fast Growing Binance Smart Chain DApp Ecosystem
The Binance Smart Chain built to facilitate the compatibility between the BSC and Ethereum Virtual Machine (EVM) in order to provide space to the DApp developers to launch and run their DApps built for Ethereum on Binance Smart Chain.
The featured BSC network supports the cross chain networks transfers and pegged coin creation such as tokens pegged to BTC, ETH, TRX and many more. Similar to Ethereum’s ERC-20 tokens, Binance Smart Chain BSC uses BPE-20 tokens for pegging purposes. The BEP-20 standard token of Binance Smart Chain enables developers to easily develop and issue tokens that can represents different asset types.
Many array of DApps are being build in BSC network and that’s being boosted by the $100 million seed fund provided by Binance for its developers on BSC. The network has shown a high adoption rate in the first few months and now this growth trajectory will not slow down anytime soon.
It can become the market’s leading DApp platform with its interoperability between the Ethereum platform as well as its ability to facilitate transaction faster and with a low fee. Furtherly you will need to know the perks of Binance Smart Chain (BSC) DApp development. So, below are the features describing it.
Fascinating Features of BSC
Supporting Dual Chain architecture the BSC makes it possible for its users to enjoy the ability to transfer assets from one blockchain to the others. Its one of the key features help by the high esteem DeFi Proponents and Binance Smart Chain is at the forefront of making this possible.
Low Transaction Fees
The Blockchain fee includes the users pay when they carry out a transaction on a blockchain. The fee will be collected by the miners or the validators who ensures that the blockchain processes only the valid transactions.
Myriads of transactions are involved in various DeFi applications and all these will include transaction fees at every step. Because of this reason the blockchain fees becomes an important factor to consider.
The Blockchain transactions require many conformations in order to process a transaction completely. The confirmations are mainly carried out to avoid the risk of double spending. The longer the time required for confirmation the longer the transaction time.
Ethereum network was mainly handicapped by this issue and this resulted in the longer waiting times. Binance Smart Chain was designed specifically to increase the scalability in the blockchains with the high throughput for the easy implementation of smart contracts.
BSC structure is similar to the Binance chain, which acts as a high performance low latency blockchain but the design choice to enhance speed but it had a flaw. The Binance Chain didn’t support smart contract.
Now, the Binance Smart Chain is enabled with the smart contracts to support Decentralized Applications and is connected with the high throughput Binance Chain to make the confirmation shorter with high processing speeds enabled with programmable options.
Comparing the Top BSC and Ethereum DApps
The summer of 2020 can be named as the DeFi summer as the DeFi ecosystem rose around the time and it was mainly centered in the Ethereum Blockchain. Even though Ethereum DeFi ecosystem is still the strongest in the blockchain system, but a few DApps of BSC has taken the key positions.
Venus is now the top Dapp based on its transaction volumes and at the time of writing it has generated a volume of $22.60 Billion. At the same time Uniswap, one of the largest DApp on Ethereum Blockchain has generated just over $846.97M in the last 24 hours.
Venus is now the number one dapp in terms of transaction volumes. Within the last 7 days, they generated more than $24 billion. At the same time Uniswap, which is one of the largest dapp on Ethereum blockchain, has generated just over $8 billion.
There are many DApps that's now trending on Binance Smart Chain and here are the top three Binance Smart Chain DApps.
Pancakeswap - Pancakeswap is a Decentralized exchange (DEX) that’s developed on Binance Smart Chain. The specialized automated market maker of Pancakeswap allows the two tokens to be exchanged on the Binance Smart Chain and also offers various opportunity for the users to create income streams from their cryptocurrencies. It aims to become as the leading liquidity provider on BSC and act as home of new innovative gamified farming mechanics. On long term the platform aims to expand beyond the BSC to other chains. Along with exchange facilities, the platform offers Pancakeswap Lottery and you can earn $CAKE with the yield farms, staking and syrup pools. You can also earn rewards using the Lottery.
Julswap - Julswap was created by JustLiquidity and has a trading volume of over 6 million USD. The Julswap is similar to Uniswap on the Binance Smart Chain and it offers same trading Engine and analytics as Uniswap. Their main goal is to reduce the barrier of entry to the financial markets by making the process of joining the Decentralized finance movement easier. The main difference between Uniswap and Julswap is that Julswap is much faster, cheaper and the user can get their token bridge from ERC20 to BEP20 and use both chains.
Blink- The Blink is not a DeFi based DApp unilke anyother DApps on Binance Smart Chain. Its a gaming platform and it is created out of collaboration with the Binance and Wink platform. It involves betting with $BNB and over time, the platform aims to launch the wide range of games on the BLINK platform, thus enabling BNB holders to enjoy all the games supported by WINK platform.
The DApp is completely based on entertainment and the platform can be used to mine, gamble and play games. In order to play in BLINK, the user will need Metamask wallet that enables the user to carry out transactions in the platform easily.
Here are the List of Top Ten Binance Smart Chain DApps listed in DAppradar.
The Faster and Cheaper transactions along with interoperability with Ethereum makes Binance Smart Chain one of the best option to use for the developers. Also Binance encourages the development of new DeFi apps on the BSC by funding the projects by allocating a $100 million developer fund.
The suggested way to access the BSC is to be a part of its growing DeFi ecosystem using the Trust wallet DApp browser.
We, Pulsehyip the leading DApp development company can help you launch your own DApp on Binance Smart Chain. Our experts are very well experienced in developing DApps such as PancakeSwap, Bakery Swap, Jul Swap etc. Are you ready to begin with us?