A decentralized finance, or DeFi, protocol says it has become the largest trading platform for nonfungible tokens on Binance Smart Chain — with users benefiting from lower gas fees than on Ethereum. BakerySwap claims the expensiveness of making purchases on Ethereum has meant that transaction costs can often outweigh the value of an artwork, shutting out small artists who are hoping to experiment and establish a reputation by sharing their creations with the world. This platform gives them the freedom to sell their works for just $4, something that is almost impossible to do on rival blockchains. According to the …

Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM) that allows users to exchange tokens and earn a portion of fees through yield farming. According to a recent report from Delphi Digital, several factors have played a significant role in helping the PancakeSwap ecosystem grow in recent months and analysts predict that the protocol …

It’s hard to argue that the crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than the 2017 bull market. In 2017, investors were hyped by the allure of high returns from initial coin offerings (ICO) that promised much but delivered very little in the form of an actually working ‘product.’ Fast forward to 2020, and the current altcoin season has been primarily focused on lending, liquidity, and yield farming. Growing interest in Decentralized Finance (DeFi) was triggered by the four-digit APYs being earned from staking assets, besides the decentralized …

A crypto-driven advertising platform has announced that it is integrating Binance’s Smart Chain, amid concerns about transaction fees on the Ethereum network. SaTT’s solution has been designed to transform the relationship between advertisers and publishers. Smart contracts ensure that brands only release funds once they can verify a campaign’s objectives have been met. Publishers also get a chance to monetize their audience and receive payment far more quickly than they do at present. But with average transaction fees on the Ethereum blockchain surging to record highs in February — breaking $25 at times — SaTT says that its ability to …