Are you interested in BNB Chain and its ecosystem? Looking for the lowdown on which dApps are worth checking out? We gotchu fam. Learn the basics, go-to DEXs and borrowing/lending platforms.
Let’s start with the basics. BNB Chain is the native blockchain of Binance Coin (BNB). It was developed by Binance as a high-performance blockchain platform for the development of decentralized applications (dApps) and the issuance of digital assets.
BNB Chain uses a proof-of-staked-authority (PoSA) consensus mechanism, which combines elements of proof-of-stake (PoS) and proof-of-authority (PoA) consensus algorithms. This allows BNB Chain to achieve high transaction speeds and low transaction fees. Winning.
Let's start with the first and most important category. A core part of decentralized finance ecosystem are Decentralized Exchanges (DEXs). The most popular on BNB Chain in no particular order are:
The BNB OG DEX.
They not only provide swaps, but a bunch of other services such as prediction markets, derivatives, NFT marketplace, launchpad, yield farming, staking, providing liquidity and even a lotto!
Sushi is a multichain DEX which started on Ethereum but quickly expanded to other networks. They are more like a traditional DEX but not so long ago they added cross-chain bridging too.
Dodo is a DEX with a fun UI. It started as BNB only and expanded to other networks. Apart from the bridge and the swap features, they offer options to provide liquidity, stake assets, trade NFTs, and even have a launchpad!
Started as an NFT marketplace. It was one of the first of its kind on BNBChain, providing a good platform for trading in-game accessories. And of course, Swap.
You can even stake NFTs and earn governance game tokens. Spicy!
What many consider a revolutionary DEX. The “Zero” stands for zero gas with their slogan “Protocol that pays for gas every time you swap on any network".
Literally everything you need from a DeFi platform can be found at Orion Protocol. Swaps are their bread and butter. The platform aggregates centralized exchanges (CEX), decentralized exchanges (DEX), and even swap pools.
To continue with the DeFi section, let’s dive into the Lending & Borrowing DApps.
Every financial system needs its lenders and borrowers. For this, we made a list of some of the biggest players on BNB Chain.
Cream Finance is a pure borrowing and lending market, offering different network options. If you are into BNB Chain it is worth checking out.
ForTube offers not only borrowing and lending but also staking and yield farming. It is mainly focused on helping other projects develop solutions for liquidity.
EasyFi is a lending platform that pitches “Multi-chain money markets with structured lending products to accelerate liquidity deployment at lowest cost & fast speed.”
They also offer to stake and yield farming.
The largest lending DApp allowing leveraged yield farming on BNB Chain. Offers borrowers undercollateralized loans for leveraged yield farming positions, multiplying their farming principals. Are you feeling degen enough anon?
They are a big part of every financial ecosystem as they allow the creation of different financial products suitable for every investor. First up, here are some of the most important derivative platforms on BNB Chain.
Horizon, as it website mentions, is “a DeFi platform that facilitates the creation of synthetic assets representing the real economy”. They also have staking and farming functionality.
Oddz Finance is an option trading platform which has the perk of being multi-chain. And the best thing about them is that they allow beginners to trade option in a simple way, while the experienced amongst us have more functionality to explore.
As most of the DeFi DApps, they offer staking and yield farming too.
Linear Protocol is mainly a cross-chain DeFi DApp, which contains an exchange, a swap, staking and interestingly, their own custom-built dApp, “Buildr”. The exchange also allows spot and perpetuals.
Spartan Protocol is a community project that pairs a unique liquidity-sensitive AMM algorithm with the low gas fees & fast settlement on BNB Smart Chain.It has a DApp with an exchange offering synthetics, swaps, yield farming, crypto bonds and staking.
Do you consider yourself a farmer? Or at the very least, do you like earning APY on your unspent tokens? Here are some interesting DeFi DApps specialized in exactly that…
Beefy is a staking and yield farming dApp covering multiple blockchains, and BNB Chain is one of them. They claim that security is one of their main benefits. They have some great farming opportunities to explore.
Autofarm is a Yield Aggregator with a huge amount of network availability (multi-chain), where BNB Chain is the original. The objective of autofarm is to optimize DeFi Yield Farming at the lowest possible cost. What’s not to love?
If getting in early on potential gems is your thing then launchpads are the way to go. Proceed with caution, there are no guarantees. If you are ready to dive in and DYOR then check out our top platforms for finding the next big IDO/ICO/IGO/INO.
Seedify is a staple of the BNB Chain ecosystem. It’s where many projects choose to get their seed funding. With a focus on games, NFT projects and metaverse projects, it’s worth browsing.
During the bull market, its launched projects saw huge ROI. Will the next bull see similar results?
LaunchZone is a BNB Chain native launchpad, which little by little mutated into a complete DeFi dashboard with a DEX and a Earn section for staking.
BSCPad was the first decentralized IDO launchpad developed on BNB Chain. it is a bit inactive at the moment due to the bear market but who knows when things might heat up again.
PinkSale is an IDO launchpad with an interesting mechanism.
Investors add the PinkSale governance token to a pool for an allocation. They did great during the bull market, and held up during the bear.
If you are into NFTs, there are some well known marketplaces on BNB Chain apart from the mentioned above (BakerySwap, Dodo and PancakeSwap). Here are some you should check out if JPEGs are your thing.
TofuNFT is a one of the biggest marketplace on the blockchain right now. They have great coverage across multiple chains, and BNB Chain is one of them.
NFTKey is an NFT marketplace with a huge number of collections. They are also available on different networks apart from BNB Chain. Their UI is interesting with different way of sorting projects, making it easy to browse or look for different collections or specific NFTs.
Domains! If you are into Domains as NFTs and want your .bnb address, check out SPACE ID.
Gaming and the Metaverse are still hot, even during a bear market. Many are suspecting gaming could be where the attention during the next bull run could be. Check out some of the most exciting gaming projects on BNB Chain as well as some of our suggested dashboards for keeping track on your activity, in the final thread of our BNB Chain deepdive.
“The platform where you can manage all the tokenized ecosystem that grows around the videogame: NFT Lootboxes, Marketplace, Governance... and much more. Explore, battle, and create your own adventure!”, as their slogan, stating this P2E platform is a Metaverse for gamers.
Alien Worlds is an NFT Metaverse where you can play with unique digital items (NFTs). Has staking, for governance and rewards. Also it has game card trading and even a cross-chain bridge for moving the $TLM token between different networks.
MOBOX is a cross platform gaming metaverse that combines automated optimized DeFi yield farming & gaming NFTs to create a GameFi metaverse known as MOMOverse
“Trade anytime. Battle anywhere. Earn every win.”. Collect cards and battle with them. Each battle has a different combination of combat rules, total Mana cap, and playable Splinters!
Strategy is critical in creating the best team for the given situation.
Lastly, we recommend using the following dApps for tracking: YieldWatch, DeBankDeFi, Zerion, and of course BSC Scan for checking on chain activity.