November 24, 2024

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BNB Chain DeFi ecosystem recovers almost one-third in three months

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BNB Chain DeFi ecosystem recovers almost one-third in three months

After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of 2022. BNB Chain’s Q3 report confirms significant growth in crypto trading volumes and

The idea of DeFi took off in Singapore as major finserve DBS Bank decided to implement the technology for the Singaporean central bank.

On Nov. 2, DBS announced the commencement of testing trading of foreign exchange (FX) and government securities using permissioned, or private, DeFi liquidity pools.

Speaking to Cointelegraph about Project Guardian, a government initiative to explore digital asset tokenization on public chains, a DBS spokesperson confirmed the use of Polygon mainnet using a fork of Uniswap v2 protocol.