What Is BNB Chain?

A leading blockchain ecosystem designed to support the growing demands of the decentralized web (Web3). Offering a unique combination of speed, scalability, and affordability, BNB Chain has become a popular choice for developers building decentralized applications (DApps) and for users seeking to participate in the world of decentralized finance (DeFi).

Key Features and Benefits

• Compatibility with the Ethereum Ecosystem

  Developers can easily port their existing Ethereum -based projects to BNB Chain, benefiting from its enhanced performance.

• Massive User Base

  BNB Chain handle the largest daily active users and the highest peak EVM transactions with economical fees.

• Strongest Ecosystem

  It is supported by a robust ecosystem of top-tier RPC plants, wallets, blockchain explorers, data indices, and substantial grants.

• Thriving DeFi Ecosystem

  BNB Chain boasts a vast array of DeFi applications, including decentralized exchanges (DEXs), lending protocols, yield farming platforms, and more.

• Community-Driven Growth

  BNB Chain is supported by a vibrant community of developers, validators, and users who contribute to its ongoing development and expansion.

• Most Diversified Assets APIs

  Full support on all popular tokens. The greatest opportunity for composability.

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. Within this ecosystem, the ownership, usage, and monetization of data are possible for all users and participants in the BNB Chain ecosystem.

1. BNB Smart Chain
   • A high-perfomance blockchain platform designed to enable the development of scalable and user-friendly DApps. They have a well-established and reliable infrastructure specifically tailored for the DeFi space.
2. opBNB
   • A L2 for BNB Smart Chain that significantly increases transaction speed and reduces fees. It achieves this by leveraging Optimistic Rollups technology.
3. BNB Greenfield
   • A decentralized storage infrastructure designed to provide a secure and scalabe platform for storing and managing data on the blockchain. Enables users store files, NFTs, and other digital assets in a decentralized manner.

BNB Token

Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to BNB Smart Chain in February 2019 and became the native coin of the Binance Chain.

BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.