BNB Chain is moving forward daily, and we hope you guys do not miss any news in the last 7 days. Here is your BNB Chain Weekly recap.

TL;DR

  • BNB Chain Highlight On-Chain Data
  • Binance Account Bound (BAB) tokens have arrived
  • Technology Update of BNB Chain in Aug 2022
  • BNB Chain Makes Significant Scaling Breakthrough: Introducing zkBNB
  • BNB Chain Introduced Helio Protocol
  • BNB Chain Web3 Stars Accelerator Vietnam Top 10 Winners Announced
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Ecosystem Updates

Despite the market turmoil, the developer community always strives to enrich the BNB Chain landscape and share prosperity with the user community. The Devs gave BNB Chain some important updates and great news this week, which are listed below.

BNB Chain Highlight On-Chain Data

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BNB Chain Project Ranking Updates

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Binance Account Bound (BAB) tokens have arrived

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Source BNBChain.org

The Binance Account Bound (BAB) token, which went live on September 8 at 9:00 UTC, resulted from our prior declaration that we would issue our first soulbound token. For Binance users who successfully passed the KYC verification process, the token will only be utilized as identification.

Already, 14 projects from our ecosystem have committed to providing customers with BAB token-related exclusive use cases. The relevant projects listed below are slated to launch the first Web3 platforms in the world to use Soulbound tokens:

ApeSwap, Apollox PearDAO, Project Galaxy, X World Games, Summoner’s Arena, Ultiverse, Cyberconnect ,  P12, Mathwallet, Liveart, OpenOcean, TinyWorld, and The Harvest.

Read more details here.

Technology Update of BNB Chain in Aug 2022

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Important tech update for August:

BSC Release v1.1.13 – A hardfork release for testnet that implements BEP153.

BNB Beacon Chain release v0.10.2 – A hardfork release for testnet that implements BEP153. 

 zkBNB Open Source – We have finished the refactoring of the proof-of-concept zkBNB phase 1, and it is open-source now!

BSC Client based on Erigon – Better support on Erigon-based BSC client.

BSC Client based on Akula –  Akula based BSC client, the Rust language node client based on Erigon model, has achieved its phase1 goal.

BEP159 Draft –  A core developer draft BEP159, proposing a new open staking mechanism on BNB Beacon Chain.

Find out further details here.

BNB Chain Makes Significant Scaling Breakthrough: Introducing zkBNB

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Source BNBChain.org

The launch of zkBNB by BNB Chain has disproved these claims. Developers’ capacity to create complex BNB Smart Chain-based apps with guaranteed security and transaction speed, quicker finality, and much lower transaction costs will be dramatically impacted by the invention.

The official release of the zkBNB Testnet on September 2nd reiterates the unwavering commitment to provide the most advanced and secure blockchain infrastructure for Web3 dApps. With the code being made open-source, developers can extend the functionality of zkbnb to their specific use cases.

What Exactly Does zkBNB Do?

Who Will Leverage zkBNB?

Find out more here.

BNB Chain Introduced Helio Protocol

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Source BNBChain.org

Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on HAY – a new BNB backed, over-collateralized and an entirely new asset class in crypto called “destablecoins”.

Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The prefix “de-” stands for decentralized – it does not signify price volatility the way assets such as BTC experience.

HAY is a non-custodial and over-collateralized destablecoin, that is backed by liquid staked BNB. To borrow or obtain HAY, users will have to provide BNB in the form of collateral by interacting with Helio’s protocols.

For more details, read here.

BNB Chain Web3 Stars Accelerator Vietnam Top 10 Winners Announced

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Source BNBChain.org

Last week marked the final day for enrollment for the BNB Chain Web3 Accelerator Vietnam. Over a period of more than 2 weeks, around 150 teams joined the program. Ten teams were chosen as champions after a thorough selection procedure. For the following two months, they will continue on their trip in an effort to compete for spots in the September and October Grand Finals.

The gaming, infrastructure, lifestyle, and DeFi sectors are mostly covered by these ten teams. Two events will be organized in addition to our first online accelerator program in order to better present the 10 winning projects to our community and provide the winning teams a chance to network.

Read more of Top 10 Winners.

Additional Notable Events

Binance Connect Partnership with SafePal Wallet

Radio Caca Partnership with TEN Finance

SpaceIDProtocol Closed the Seed Round Led by Binance Labs

Visa, Mastercard, and Binance Are Making $BTC $ETH $XRP $ADA $USDT Payments a Reality

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