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Source: AP

BNB Chain Dominates DeFi

The BNB Chain layer-1 has taken the top spot in the DeFi sector. New data shows it leads in both trading volume and fee generation. This high activity has driven more users to the network in the past week.

Since March 15, decentralized exchanges (DEXs) built on BNB Chain have controlled over 30% of the total DEX market. PancakeSwap accounts for more than 96% of this volume, making it the dominant DEX in the ecosystem. This six-day streak puts BNB Chain ahead of its competitors. The consistent performance strengthens BNB Chain's position as a leader in the DeFi space.

BNB Chain decentralized exchange volume (Defillama)

Record-Breaking Fee Generation

The network isn't just leading in trading volume. BNB Chain has also become the top blockchain for fee generation. Since March 17, it has collected more than $1.6 million in daily fees.

This fee generation reflects the high transaction volume on the network, which has processed approximately 6 million transactions daily since March 17. While fees have increased slightly, they remain relatively low compared to other networks. The combination of high transaction volume and modest individual fees has resulted in substantial total fee revenue, demonstrating the network's efficiency and popularity.

BNB Chain Daily Transactions (BscScan)

BNB Token Outperforms Bitcoin

The network's native token, BNB, has delivered more impressive returns than Bitcoin over the past week. While Bitcoin gained approximately 3% over the past seven days, BNB surged by about 8% during the same period - outperforming the market leader by more than double.

This outperformance is particularly notable given that Bitcoin typically serves as the benchmark for the entire cryptocurrency market. When altcoins outpace Bitcoin, it often signals specific ecosystem strength rather than just general market movement. BNB's position as both the native token of the world's largest cryptocurrency exchange (Binance) and the fuel for the BNB Chain ecosystem provides it with multiple sources of utility and demand.

Explosive Growth in BNB Chain-Based Projects

Meme Token Performance

Memecoin Projects built on BNB Chain have seen major gains in the past seven days. The most impressive performers include:

• $TUT: This token leads the pack with a 5,995% price increase, making it the week's top performer on the network.
• $BNBXBT: Coming in second place with a 363% increase in value.
• $BINK: Rounding out the top three with a substantial 332% gain.
• $Mubarak: Perhaps most impressive of all, this token achieved a 175,000% increase in its first six days, reaching $0.1284 it even went as high as $0.21 on March 18.

Infrastructure Token Growth

It's not just meme tokens seeing gains. Several infrastructure tokens with higher market caps have also posted significant growth:

• $Cake: The popular DeFi token increased by approximately 60% over the past week.
• $Form: Fourmeme/BinaryX has more than doubled its price during the same period.
• $Bounce: Auction platform infrastructure token that grew by 64% in value.

What's Driving BNB Chain's Success?

Several factors contribute to BNB Chain's current market dominance:

1. Low fees compared to other competing chains make it attractive for DeFi users and traders.
2. Fast transaction processing allows for quick trades when markets move.
3. A growing ecosystem of applications gives users more reasons to use the network.
4. Strong development support from Binance and BNB Chain helps projects launch and grow.

Market Impact and Broader Significance

BNB Chain's success is sending ripples across the entire crypto landscape. Capturing over 30% of all DEX volume, it's not just growing - it's reshaping how DeFi operates. Users vote with their transactions, flocking to platforms delivering speed and affordability.

Unlike networks that charge high fees per transaction, BNB Chain has found the sweet spot - keeping costs low while still generating substantial revenue through sheer volume. Six million daily transactions add up, even when each one costs just pennies.

What's particularly striking is how the ecosystem simultaneously supports wild speculation and serious development. While meme tokens explode with 5,000%+ gains, infrastructure projects quietly double in value.

The network effect is becoming increasingly visible. Each new successful project makes the ecosystem more attractive, drawing in more developers and users. This creates a momentum that competitors may find more challenging to match as time goes on.

Conclusion: A Multi-Dimensional Success Story

The data points to a clear conclusion: BNB Chain is experiencing success across multiple dimensions simultaneously - transaction volume, fee generation, token performance, and project growth. The ecosystem's ability to maintain dominance in DEX trading while supporting everything from meme tokens with 175,000% gains to established infrastructure projects demonstrates a versatility that few blockchain networks have achieved.

As BNB Chain continues to process millions of daily transactions with a balanced economic model, it has positioned itself as a standard-setter and competitor in the blockchain space, one against which others will need to measure themselves.

Source: CryptoSlate

COPENHAGEN (March 28): US Vice President JD Vance's trip to Greenland on Friday comes at a time when President Donald Trump is insisting that Washington should take over the semi-autonomous Danish territory.

Why does Trump want Greenland?

Greenland's strategic location and resources could benefit the US. It lies along the shortest route from Europe to North America, vital for the US ballistic missile warning system.

The US has expressed interest in expanding its existing military presence on the island, including placing radars there to monitor the waters between the island, Iceland and Britain, which are a gateway for Russian navy vessels and nuclear submarines.

On Wednesday, Trump reiterated his desire to take over the island, saying the US would go as far as needed to take it.

The island, whose capital Nuuk is closer to New York than the Danish capital Copenhagen, boasts mineral, oil and natural gas wealth, but development has been slow and the mining sector has seen very limited US investment. Mining companies operating in Greenland are mostly Australian, Canadian or British.

A White House official has said Greenland has ample supply of rare earth minerals that would power the next generation of the US economy.

What is the current US presence?

The US military maintains a permanent presence at the Pituffik air base in Greenland's northwest.

A 1951 agreement between the United States and Denmark gave the US the right to move around freely and construct military bases in Greenland as long as Denmark and Greenland are notified.

Historically, Denmark has accommodated the US because Copenhagen does not have the capability to defend Greenland, and because of US security guarantees to Denmark through Nato, according to Kristian Soeby Kristensen, senior researcher at Copenhagen University's Centre for Military Studies.

What is Greenland's status now?

The island, a former colony of Denmark, became a formal territory of the Nordic kingdom in 1953 and is subject to the Danish constitution.

In 2009, the island was granted broad self-governing autonomy, including the right to declare independence from Denmark through a referendum.

Under the 2009 law, Greenland's parliament, Inatsisartut, can invoke a provision that would have Denmark and Greenland begin negotiations about achieving full independence.

The people of Greenland would need to endorse independence through a referendum, and an independence agreement between Denmark and Greenland would also require consent from the Danish parliament.

Jens-Frederik Nielsen, leader of the pro-business Democrats, which came first in an election on March 11, has said he is seeking a broad coalition government to show unity in the face of the US drive to control the island.

The party favours gradual independence from Denmark.

What does Greenland want?

Relations between Greenland and Denmark have been strained after revelations of historical mistreatment of Greenlanders under colonial rule. However, Trump's interest in making the island part of the US has prompted Denmark to accelerate work to improve ties with Greenland.

Opinion polls show a majority of Greenland's 57,000 inhabitants support independence, but they are divided over the timing and potential impact on living standards.

Many Greenlanders warn against acting rashly — fearing Greenland could become worse off and expose itself to the US if it too quickly seeks independence from Denmark. Most Greenlanders do not want a new colonial master.

Greenland's economy has been reliant on fishing, which accounts for over 95% of exports, and annual subsidies from Denmark, which cover roughly half of the public budget.

In total, Denmark spends just under US$1 billion each year on Greenland, or US$17,500 for each inhabitant.

Since 2019 Greenlandic politicians have repeatedly said they are interested in strengthening cooperation and trade with the US.

However, outgoing Prime Minister Mute Egede has stressed the island is not for sale and that only its people should decide their future.

What if Greenland becomes independent?

If Greenland became independent, it could choose to become associated with the US without becoming US territory.

The island could form a so-called "free association" with the US that would replace Danish subsidies with US support and protection in return for military rights, a set-up similar to the Marshall Islands, Micronesia and Palau.

According to Ulrik Pram Gad, senior researcher and expert on Greenland, Trump's idea of buying Greenland is based on a misunderstanding of international law and the principle of self-determination, which gives people the right to choose their own political status.

What does Denmark say?

When Trump offered to buy the island during his first presidential term, Danish Prime Minister Mette Frederiksen called it "absurd".

Since Trump expressed renewed interest, Frederiksen has said Denmark wishes to cooperate closely with the US while stressing Greenland should determine its own future.

Frederiksen said on Tuesday the US was putting "unacceptable pressure" on Greenland with this week's visit and that Denmark would resist such pressure.

Source: Theedgemarkets

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China has warned Washington that it will retaliate against the US if the Trump administration presses ahead with new reciprocal tariffs on the country next week, according to a report from state media.

Beijing officials conveyed the message during a video call with US Trade Representative Jamieson Greer earlier this week, according to a post by Yuyuantantian, a Weibo account affiliated with state-run China Central Television.

“If the US is determined to harm China’s interests, China will resolutely retaliate,” the media outlet — which regularly signals Beijing’s thinking about trade — said in the post, without citing where it got the information. The post didn’t mention any details about any possible countermeasures.

China’s Vice Premier He Lifeng had “candid and in-depth exchanges” on key issues in bilateral economic and trade relations with Greer during their video call on Wednesday, Chinese state media said. The US readout on the exchange, however, said that Greer expressed “serious concerns” about China’s trade policies. Greer and He agreed on the importance of maintaining communication going forward.

US President Donald Trump is set to announce a sweeping reciprocal tariff program on April 2 against major trade partners, amid deepening strains between the world’s two largest economies. The president has already imposed a cumulative 20% surtax on goods imported from China.

Chinese President Xi Jinping on Friday called on global business leaders to push back against protectionism, seeking to take advantage of growing backlash against rising US tariffs to promote his country as a reliable partner.

CCTV said that many US companies expressed their desire in the past few days for both governments to create a stable environment for businesses, and that mutual respect is a prerequisite if the US seeks to engage with China in cooperation.

Source: Bloomberg Europe