Crypto & Web3.0
BNB (BNB) and Tron (TRX) Look to Profit on Binance’s WEB3 Explosion While TMS Network (TMSN) Runs Away With the Spoils · Cardano Feed
A large number of crypto projects, such as BNB (BNN) and Tron (TRX), have been trying to capitalize on the buzz around Web3 over the past couple of years, but there still aren’t really any apps in this niche that have gained mainstream notoriety. For this reason, TMS Network (TMSN) has been able to steal the show with its token presale, which is in its fourth phase and has already raised more than $5.6 million.
TMS Network (TMSN)
TMS Network (TMSN) is a decentralized exchange (DEX) built on Ethereum (ETH) that allows users to trade between a wide variety of different assets, including crypto and traditional stocks. Using the Ethereum (ETH) blockchain allows TMS Network (TMSN) to remove centralized third parties from the trading process and give customers complete autonomy over their assets.
Transparency and security are the base features of TMS Network (TMSN) that make everything else possible, as advanced security techniques, such as encryption and security audits, are used to keep customer funds safe from hackers and user error. Additionally, TMS Network (TMSN) has been designed to be scalable from day one, so the platform will not face the issues plaguing other DEXs on the market, such as high fees and delays.
In terms of the TMS Network (TMSN) token itself, holders will be able to earn passive income by collecting a share of the revenue generated by TMS Network (TMSN) based on the number of tokens they hold.
Decentralized exchange (DEX) trading volume on Binance’s BNB (BNB) Chain has soared to its highest level in a year, as reported by DefiLlama. During the week starting on May 7, DEX volume on the BNB (BNB) Chain reached an impressive $5.11 billion, a milestone not seen on BNB (BNB) since early May 2022. This surge follows a temporary increase to just above $5 billion in the aftermath of the collapse of crypto exchange FTX in November.
The rise in popularity of DEXs on BNB (BNB) could be attributed to the US regulatory crackdowns on centralized exchanges. In fact, for the fourth consecutive month in April, Uniswap, a DEX that has integrated BNB (BNB), outperformed Coinbase in trading volume.
Several factors contribute to this surge in trading volume. Katie Talati, the head of research at Arca, explained that lower fees on the BNB (BNB) Chain might be enticing users to trade there. Furthermore, the popularity of Binance as a centralized exchange may explain why users migrate to the BNB (BNB) Chain after using Binance.
Tron (TRX) has unveiled the winners of its highly anticipated fourth season of the ‘HackaTron’ competition. This season’s champions will share a prize pool of $500,000, a Tron (TRX)-based stablecoin, and gain access to Tron (TRX) DAO Ventures and Huobi Ventures for potential capital funding opportunities.
The Tron (TRX) competition attracted over 625 participants across six tracks, including DeFi, Web3, NFT, GameFi, Builder, and Eco-Friendly categories. Ejaz Merchant, Developer Lead at Tron (TRX) DAO, expressed his gratitude to the exceptional projects, partners, and dedicated Tron (TRX) community members for making the event a resounding success.
Notable winners from the event include Elk Finance, which took first place in the Builder category with its “Farming-as-a-Service” project, and EcoMarket, which won the Eco-Friendly track.
Going forward, BNB (BNB) and Tron (TRX) face an extremely uphill battle against Ethereum (ETH) as layer-one blockchains for building decentralized applications. Meanwhile, the ongoing TMS Network (TMSN) token presale offers investors the ability to get into a completely new type of crypto exchange on the ground floor and get a share of the revenue that will be generated by the platform.