BNB lost pace but reached an interesting milestone this week

ambcrypto.com:

BNB token is beginning to lose attention in the market after another lacklustre week.

The Binance governance token has seen swings in the past which have lost their pace recently. The token subsided with bullish activity as top crypto assets gathered strength in numbers from the market recovery.

But a late sell-off on 15 August has seen the profits dry up as quickly as they came. This left the BNB token at $317.98 during press time with no significant price swings this week.

However, the Binance ecosystem has been active throughout this period with several announcements in hand.

As per a BSC News update, lending protocols are beginning to gain traction on BSC DeFi. The update talks about the top performing projects on Binance’s DeFi by social mentions.

Venus Protocol continues to lead the march by social volume along with a TVL of $1.15 billion. At a distant second is Valas Finance which has accumulated over $43 million by 15 August.

BSC News has also updated the weekly on-chain performance of the BNB Chain in the past week. The network executed almost 24 million transaction during this period while adding over 1.83 million wallet addresses.

Source: BSC News

Binance has also revealed of salvaging over $450K from a recent Curve Finance hack.

The initial hack happened on 10 August of over $750,000. Binance CEO Changpeng Zhao claimed that the team was still working to recover the remaining funds.