CZ’s wealth inches closer to Satoshi’s as BNB surges 32%

[Abiky]

If CZ can attract better defi to their BSC ecosystem that would be phenomenal, The success of this token is thanks to the many utility it offered from launchpool to gas token.
One thing that I see always lacking from BSC for it to get to the price of 2k is the defi locking billions of money in the ecosystem which ethereum have but nowhere to be seen on the BSC.

Just some mid quality defi in there.

You want to know why that happens? Because developers (and the community) trust ETH more than BSC. Especially when the latter is backed by a centralized entity (Binance, Inc.). ETH not only is decentralized, but it has the tooling and framework required to launch smart contracts without the "added fuss". Its ecosystem continues to increase, without any indications of slowing down.

While this a fact, we shouldn't underestimate Binance's influence over the crypto market. It's the largest crypto exchange in the world, which means it also has the capital and resources needed to make BNB a huge success. We're already seeing CZ's efforts come into fruition as BNB recently reach a new ATH. The milestone would be $1k per BNB. Then $3k, $5k, and so on. If this keeps up, CZ will become the richest crypto person in the world. I guarantee it. I would add BNB to my portfolio, just in case.

[nelson4lov]

~Snip

If CZ can attract better defi to their BSC ecosystem that would be phenomenal, The success of this token is thanks to the many utility it offered from launchpool to gas token.
One thing that I see always lacking from BSC for it to get to the price of 2k is the defi locking billions of money in the ecosystem which ethereum have but nowhere to be seen on the BSC.

Just some mid quality defi in there.

No argument there. I don't know much of BnB's defi so I feel their biggest defi is pancakeswap which is literally just an AMM platform that rocked back in the day. I used it a bit this year to LP for CZ's dog when the meme went live and I haven't touched it since then. I don't think there's a native lending/borrowing or those sorta TVL accruing projects on BSC.

For some reason, they're largely focused on memes only so much that they had to create a fund to support memes in their ecosystem. That's bad because even Solana which is the casino chain has solid DeFi protocols like Jupiter, jitosol, meterora?, etc

[shinratensei_]

No argument there. I don't know much of BnB's defi so I feel their biggest defi is pancakeswap which is literally just an AMM platform that rocked back in the day. I used it a bit this year to LP for CZ's dog when the meme went live and I haven't touched it since then. I don't think there's a native lending/borrowing or those sorta TVL accruing projects on BSC.

For some reason, they're largely focused on memes only so much that they had to create a fund to support memes in their ecosystem. That's bad because even Solana which is the casino chain has solid DeFi protocols like Jupiter, jitosol, meterora?, etc

Pancakeswap is also the most used defi for me personally. For the lending platform, yes there aren't any that's good enough, well maybe aave since they integrated BSC already.
Since there are many interop protocol for working across L1 blockchain that integrates BSC, they could've done it easily, maybe find existing project in ethereum that have massive tvl to integrate BSC.

It really needs something going on beside the fractional supply from a coin that getting listed on binance alpha being deployed on BSC. The memes hype won't last long.

[bullbandit9]

No argument there. I don't know much of BnB's defi so I feel their biggest defi is pancakeswap which is literally just an AMM platform that rocked back in the day. I used it a bit this year to LP for CZ's dog when the meme went live and I haven't touched it since then. I don't think there's a native lending/borrowing or those sorta TVL accruing projects on BSC.

Rocked back in the day? Perhaps it is not as widely seen now due to the insane number of projects that are available, but Pancakeswap is very relevant today with massive TVL and massive revenue. In fact its token is one of the best altcoin tokens and one of the few that isn't a scam. You should check it out.

It really needs something going on beside the fractional supply from a coin that getting listed on binance alpha being deployed on BSC. The memes hype won't last long.

Most coins and most tokens have nothing, because of that most listings fail unless we find ourselves in an extremely bullish time where anything pumps on listing.

[nelson4lov]

~Snip

Rocked back in the day? Perhaps it is not as widely seen now due to the insane number of projects that are available, but Pancakeswap is very relevant today with massive TVL and massive revenue. In fact its token is one of the best altcoin tokens and one of the few that isn't a scam. You should check it out.

I know of Pancakeswap well and as a matter of fact, I joined their CAKE token liquidity mining in the first few weeks when it went live. CAKE tokens were earned by LPs and the price was even below $1 at that time. The reason why I said it rocked back in the day was because before Pancakeswap, DeFi on Bsc was almost non-existent. It was because of Pancakeswap that projects like Bakeryswap with BAKE token ticker was made.

Those were insane times!

[Abiky]

Pancakeswap is also the most used defi for me personally. For the lending platform, yes there aren't any that's good enough, well maybe aave since they integrated BSC already.
Since there are many interop protocol for working across L1 blockchain that integrates BSC, they could've done it easily, maybe find existing project in ethereum that have massive tvl to integrate BSC.

It really needs something going on beside the fractional supply from a coin that getting listed on binance alpha being deployed on BSC. The memes hype won't last long.

Well, Uniswap is available on BSC and does the same thing as Pancakeswap. There's virtually no difference between the two. I know many will prefer the former due to its "cross-chain" availability. Even with all of the "De-Fi" apps available on Binance Smart Chain (BSC), it still hasn't outmatched neither ETH or Solana in terms of TVL. That's odd, considering BSC belongs to Binance (which is the largest crypto exchange in the world).

At least, Binance has the capital and resources to keep BSC moving forward. Perhaps, it will come up with something innovative that will "blow" its rivals "out of the water"? BNB recently hit a new ATH, so don't expect it to go anywhere soon. I'm sure CZ will become richer in the long run.

[Ojima-ojo]

Satoshi is truly a genius, so CZ is not even close to Satoshi in wealth with all the global popularity that the exchange boss has I thought he will be among the world richest not knowing that Satoshi that hard just few years of public appearance and development.

BNB have done well for CZ and hope he one day be able to Cash up with big names in the cryptocurrency industry like Satoshi.