RE: The Number One DEX on BSC - PancakeSwap in Decline | Data on TVL, Volume, Users, Supply and More
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Binance and its "decentralized" BSC is clearly in decline, it will be interesting to see how volumes go down when they remove stable coins from the European market.
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Yea, dropping BUSD has not helped eighter.
Is is possible that the explosion of chains and alternatives in 2021 saturated the market with options, and overly diluted the available capital and attention?
It's been interesting to watch some of the longer tenured tokens reclaim their ranks relative to Bitcoin, displacing some of the tokens who perhaps burned a little to hot and faded away.
Its more of the general trend in crypto, then to much projects ... defi went up a lot and corected a lot to .... on most chains
It is really concerning that "rogue" stables need to dissapear to appease Govts while "establishment" stables like USDC have green card.
For me the end with Binance came with this news. Sad, the project was incredible, a true shot at a complete decentralized world with different options. Now is just 4 institutional players and not much more...
I really believe that Binance will decline once it removes stablecoins from the European market