Binance Smart Chain has been all the rage during the past few weeks. In fact, daily transactions on Binance Smart Chain overtook Ethereum last week. In addition to this, Binance Coin (BNB) has struggled for the place as the third-largest crypto by market cap with Tether in the past weeks. As such, it’s high time to take a look at all the DeFi buzz surrounding Binance Smart Chain, and to look closer at Binance Smart Chain’s BEP-20 token.
In recent weeks, we have witnessed a huge surge in the participation and total value locked (TVL) in decentralized finance (DeFi). In particular, projects within the Binance ecosystem have seen a massive spike in users and popularity. Launched on Binance Smart Chain (BSC) in September 2020, BurgerSwap is a democratized automated market maker (AMM) built on Binance Smart Chain (BSC) with Binance Smart Chain MetaMask utility. It has since become a popular decentralized exchange (DEX) for cross-chain token swaps. Users of the BurgerSwap platform can swap between BEP-20 and ERC-20 tokens without friction. Also, the BURGER token allows users to participate in governance and earn BurgerSwap token (BURGER) mining rewards! Furthermore, this is achieved in a way that is familiar to users of popular DEXs such as Uniswap.