{"id":567827,"date":"2021-07-15T18:48:00","date_gmt":"2021-07-15T15:48:00","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567827"},"modified":"2021-07-15T18:48:00","modified_gmt":"2021-07-15T15:48:00","slug":"binance-smart-chain-bsc-was-the-most-used-blockchain-in-q2-2021","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-smart-chain-bsc-was-the-most-used-blockchain-in-q2-2021\/","title":{"rendered":"Binance Smart Chain (BSC) Was the Most Used Blockchain in Q2, 2021"},"content":{"rendered":"
The Binance Smart Chain<\/a> continues to assert its dominance in the blockchain and DeFi industries, becoming the most used network in the second quarter of 2021. This is according to a report by DappRadar<\/a> that also pointed out that the Binance Smart Chain had the highest number of unique active wallets<\/a> in Q2 at 421,854. This number of unique active users was 400% higher than the Q1, 2021.<\/p>\n The impressive amount of unique active wallets on the Binance Smart Chain in Q2 was highlighted in the following chart (yellow) alongside those of Ethereum<\/a> and Polygon.<\/p>\n <\/a><\/p>\n Additionally, Dapps on the Binance Smart Chain have also grown at an impressive rate, hitting a new peak of 1,464 at the end of the last quarter.<\/p>\n The report by DappRadar went on to point out that PancakeSwap<\/a> on the Binance Smart Chain was the most used Dapp on all blockchains in Q2, with over 5 million active wallets and $1 Trillion in total trade volume.<\/p>\n Furthermore, the total value locked on PancakeSwap (CAKE) made up 28% of what is locked on the Binance Smart Chain at roughly $7 Billion. PancakeSwap also grew in Q2 to the point of competing with major Ethereum protocols such as Uniswap and Compound as highlighted in the following chart.<\/p>\nNumber of DApps on the Binance Smart Chain Hit a New Peak of 1,464<\/h2>\n
PancakeSwap is Binance Smart Chain’s ‘Golden Goose’<\/h2>\n