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The Binance CEO enthusiastically invites Ethereum-based DeFi projects to join the Binance Smart Chain

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CEO Binance earnestly invited Ethereum-based DeFi projects to join Binance Smart Chain

Binance CEO, Changpeng Zhao, is actively calling on Ethereum-based DeFi projects to join its Binance Smart Chain (BSC) platform.

In a discussion on twitter, CEO Binance said that if the projects DeFi Based on Ethereum, participating in the Binance Smart Chain (BSC) platform, it will help reduce the load on the Ethereum network, and reduce Ethereum's gas fees.

Therefore, this is completely beneficial for the user.

Later, Changpeng Zhao emphasized that Binance Smart Chain will not be a replacement or a competitor to Ethereum. He added that Binance Smart Chain offers smart contract creators more options:

“Our Binance Smart Chain is never going to replace Ethereum, it's only Ethereum compatible. Smart projects are giving their users more options, options at a cheaper cost .. ”

Leader Binance It also revealed that a few days ago the Binance Smart Chain transaction volume recently reached 10% compared to the Ethereum network.

Since the launch of Binance Smart Chain on September 1, Binance recently announced the establishment of one investment fund worth 100 million USD for projects built on top of Binance Smart Chain.

BurgerSwap, the latest DeFi project that has recorded a large volume of transactions in just 24 hours, is now supported on Binance Smart Chain.

“In the past, I often tried not to comment on specific projects or cryptocurrencies… But in the future, I might tweet about projects on Binance Smart Chain, this is not Recommendations or something… I just wanted to introduce potential projects to the community, ”said Zhao.

Finally, he noted to investors that not all DeFi projects are successful, there have been many failed projects over the past time:

“Some projects can bring short-term returns, but they also come with super high risks. Don't invest money you can't afford to lose.


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