Binance CEO has invited Ethereum DeFi projects to the Binance Smart Chain
Migrating to BSC would lessen the load on Ethereum and consequently reduce ETH fees
Several DeFi projects are already running on the Binance Smart Chain
Binance Smart Chain has now reached 10% of Ethereum’s capacity
The CEO of Binance, Changpeng Zhao, has invited Ethereum DeFi projects to the Binance Smart Chain (BSC). CZ believes that such a migration would lessen the load on the Ethereum network as well as lower ETH gas fees. He made these comments on Twitter and after he was asked whether he would love to see more DeFi projects on the Binance Smart Chain.
Below is CZ’s response and the tweet that initiated the conversation.
Of course, love to see moe DeFi projects migrating over, and lessen the load on ETH, and hopefully, reduce the gas fees there a little too.
As with all DeFi projects, readers are reminded that Yield Farming is a risky endeavor and adequate research should be undertaken before committing funds on new DeFi protocols.
Binance Smart Chain Reaches 10% of Ethereum’s Transaction Volume
Also worth mentioning is the fact that the Binance Smart Chain transaction volume recently reached 10% of Ethereum’s network a few days ago. This feat was captured by CZ via the following tweet that also provides an Etherscan version of Binance Smart Chain known simply as bscscan.com.
Binance Smart Chain (#BSC) transaction volume reached 10% of ETH network a couple days after launching.