What 75th percentile signifies? In simple terms, assets above this value signify that they performed better (in holders and transaction count) than 75% of the trading assets. One reference point is not enoughīy further examining the data, very few trading assets in Binance DEX had both holders as well as transaction count well over 75th percentile. Despite listing in CEX, the ranks suggest Harmony was popular among DEX users for a quite long time. Assuming you're connecting from a Metamask wallet on the Ethereum main network, you'll be. To do so, head over to the Binance Bridge, then connect your wallet. One particular asset, Harmony is a surprise entrant to the list given that it was a Binance launchpad project back in June 2019 and was listed in both Binance CEX and DEX together. If you want to trade ERC-20 tokens on PancakeSwap, you'll need to wrap them on the Binance Bridge to turn them into BEP-20 assets (Binance Smart Chain token standard). These projects include – Raven, Pivot, Contentos, Chiliz etc and those who had the previous listing, traded in very few (1 or 2) small exchanges. The study was further filter to assets which has more than 1000$ 24-hour trading volume.īy studying these top 10 assets (by transactions and holders), most of the top assets in the list had Binance DEX as their first listing offer. How many assets were studied? Total of 75+ assets listed in Binance DEX. Trading assets which had the most number of transactions and the highest number of holders are as follows-ĭata as of 6th Sept 2019, Source: Binance DEX, Binance Chain explorer, CoinMarketCap.ĭigital assets with the highest transaction in Binance DEX It includes trading pairs in BNB, BTC, and USD. Currently, more than 60 digital assets are traded in Binance DEX with a combined 24-hour trading volume of 2.8 Million$. Since its launch, a total of 265,411 addresses have been registered and a total of 17,567,992 transactions performed. At its peak, it had trading pairs with 24-hour trading volume over 5 Million, an unusual volume for a DEX. This caused many projects to swarm Binance DEX with bots. In addition, to ensure liquidity in its DEX platform, Binance added a marketing gig wherein each month, one top traded assets in Binance DEX will be listed for free in Binance CEX. Trust Wallet is an excellent option if you’d like to use a mobile wallet, but many other software wallets also support the standard. You can store BEP-2 tokens in many different wallets. Given the popularity of Binance exchange in the crypto industry and 30 Million+ estimated user base which could be a potential target base for DEX, many projects began to move to Binance Chain and started listing their projects in Binance DEX. BEP-2 tokens can be traded on Binance DEX, a decentralized exchange that’s running on top of BNB Beacon Chain. It has 11 pre-selected validators who produce blocks and ensures the stability of the network. The platform uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. Binance, the leading global cryptocurrency exchange launched this year Binance DEX, a decentralized exchange built on Binance Chain.
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