BNB Chain Weekly Recap Week 43 (20/10

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.

KEY TAKEAWAYS

BNB Chain on-chain data is accumulating for a new period
DappBay: Red Alarm dApp Risk-List (Oct. 14th – Oct. 21st)
BNB Chain Learn – What is Engage-to-Earn?
Part 1: BNB Chain vs EVM Chains
BNB Chain Launches $10 Million Gas Fee Incentive to Support Growth of Web3 Dapps

ECOSYSTEM UPDATES

With the strong growth of week 42, week 43 is tending to accumulate, although not much, it is still in a long-term uptrend.

Currently, new wallet addresses on BNB Chain are increasing significantly compared to other ecosystems, which is a positive sign for the BNB Chain ecosystem in particular and blockchain in general.

BNB Chain On-Chain Data Highlights

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 1

BNB Chain Project Ranking Updates

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 2

DappBay: Red Alarm dApp Risk-List (Oct. 14th – Oct. 21st)

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 3 — *Source BNB Chain*

Risky dApps on the BNB Chain are highlighted in the Red Alarm list. The performance of a dApp’s contract frequently differs from what the dApp promotes. Users of dApps run the risk of losing all their money when they deal with dangerous contracts.

BNB Chain Learn – What is Engage-to-Earn?

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 4 — *Source BNB Chain*

A new earning protocol called Engage-to-Earn will reward users for engaging with the site. Users who engage frequently on the site will be compensated with the native cryptocurrency of the platform.

Logging in, liking, and commenting are frequent engagement actions that on typical Web2 platforms are frequently not rewarded.

To learn more about Engage-to-Earn, please visit here.

Part 1: BNB Chain vs EVM Chains

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 5 — *Source BNB Chain*

Launched in 2020, BNB Smart Chain quickly gained a lot of popularity due to its distinguishing features of low cost and faster transactions. Several projects that are based on other blockchain platforms are migrating to the BNB Chain platform.

There are a variety of EVM-compatible blockchain on the market, and while from the first sight, it may look as if all of them are the same, the reality is every blockchain is aimed for specific use cases and both security and availability requirements.

This is why BSC has undergone several iterations of improvements to ensure superb performance and the most advanced security.

BNB Chain Launches $10 Million Gas Fee Incentive to Support Growth of Web3 Dapps

Bnb Chain Weekly Recap Week 43 (20/10 - 26/10) - 6 — *Source BNB Chain*

BNB Chain announced the exciting launch of a $10 million Growth Incentive Program to help projects with user acquisition and growth.

The program will immediately be active for projects in Q4, with gas incentives up to 800 BNB per project in a monthly period. We are committing $1 million per month for relevant teams participating, helping drive them toward further user acquisition and growth.