Topic: Binance Chain or Binance DEX hype is gone! - page 8. (Read 1645 times)
The ethereum network remains a favorite of developers, as seen from the many alts of the ethereum network which are in the top 100 coins and only a few shitcoins have moved to the binance chain. I think the launch of some of its products such as binance launcpad, binance chain and binance DEX is a support to make binance CEX still a popular and favorite place for many traders. Because competition between exchanges is very tight and it must be for binance to win the market, again for their money and profits.
I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I don't think that it's fair for the success of a project to be solely judged from its hype.
Binance chain, despite its shortcomings in terms of not being as popular as other blockchains especially when it comes to large cap coins with established user bases like ETH, TRON, etc. that already host hundreds of tokens on there, still contributed very positively in terms of the development of a reliable, usable DEX.
A lack of short term enthusiasm in the market is even understandable from the perspective of a bear market, so there are really absolutely no surprises there either.
promotions always look good, and after that there is no difference with the other chains.
Starting with ITO last year, then trading competitions using dex, and finally the migration of bep2 coins from every competing developer to enter the main binance exchange. From here it has started to be biased because the volume of movements is already unhealthy just to ensure the existing requirements, from here the hype starts to fade and traders ultimately prefer to use the main exchange only.
Starting with ITO last year, then trading competitions using dex, and finally the migration of bep2 coins from every competing developer to enter the main binance exchange. From here it has started to be biased because the volume of movements is already unhealthy just to ensure the existing requirements, from here the hype starts to fade and traders ultimately prefer to use the main exchange only.
DEX hype is gone at all, unfortunatly. Sad to know this but centralization is winning
People loose faith in DEX
People loose faith in DEX
no, people are expecting something great this year in dex. people just lost their hope for listing their project through binance dex to binance cex, that was why the volume plummeted and not many people use it(not to mention binance dex is not a real dex though).
Absolutely agree with your point the hype of binance chain is no more effective because I think its structure is quite complex and irritating that's why people don't get attracted on it and I think creating binance chain was just an attempt to make bnb popular and we can see their attempt was successful.
I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
That is what happens when everything is pure hype. Binance chain will never be able to beat Ethereum network. Binance DEX has a future though because we have a very limited number of DEXes right now. People want DEX over centralized exchanges but it seems the unattractive volume of DEXes is the main reason why it cannot move forward.
I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Things like that are common in the crypto world, when something new comes up it will cause high hype, and it doesn't last long.Do you know IEO? The first exchange that took place was Binance, and after that very high hype made other exchanges follow it
But what is happening now, the hype has begun to disappear
Let's wait for something new that will produce high hype, and we must be able to take advantage of the situation
With the release of the Binance chain and DEX, I think this is only to strengthen their current position as the best exchange and the best coin at that time. Hype must occur because it coincides with the state of those who are being looked at a lot of people. But after the Chain and DEX are running, there must be someone who says this is the same as ETH with lots of shittoken.
Surely there will be a network that can beat ETH, but I don't know when. Because ETH is on the edge of choice. It can be good or bad. And there must be a dev waiting for this moment to introduce their network after eth 2.0 shows the results.
Surely there will be a network that can beat ETH, but I don't know when. Because ETH is on the edge of choice. It can be good or bad. And there must be a dev waiting for this moment to introduce their network after eth 2.0 shows the results.
I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Ya it puttered out it seems like. I am happy it did tho, it was ridiculous really : /
So many noobs coming by everyday asking how shittokens were losing so much value on there, they just simply believed binance=profit
Binance was just laughing, listing any project that paid the fee. They are a biziness, and in China, its kinda to be expected sadly : /
Its been hyped but I believe it has real potential and still a threat to Ethereum Dex’s. Binance probably know what they’re doing and where they’re heading, maybe the season is not a perfect timing to launched their own dex but once they work it out I believe they can get a positive response.
I know that Binance dex will only create hype during that time. See the potnetial of eth network are proven much useful than newly created one. See what happened on those project migrate to Binance Dex aside from listing? No other use cases they only make huge volume for the benefit of bnb tokens. But how about their own? No right. They contradict some of their own goals just to be listed on Binance CEX and the gateway for that is to migrate on Binance Chain.
I remember every youtuber promoting Binance DEX and Binance Launchpad at that time. Things have gone pretty bad now when investors and traders understood the real economics behind Binance chain. You cannot run a centralized network for a long time with high listing fee.
I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I really like this observation. I remember vividly when I buy in projects which have plans to move to binance chain or immediately after moving to Binance chain because of pump, then I don't joke with that FA. Right now it's crystal clear that the hype has died down drastically. This is how we follow trends in crypto, they come and go so always make the most of any.
that because most of small project or community project cant really afford for the fee, which means they cant really pay for the binance chain intergration fee or dex listing fee without doing any ico or ieo, but if they lower the fee .. i think binance foudation could get more token or project to their chain & dex...
i really hope that binance will decrease their token intergration fee to their platforms
i really hope that binance will decrease their token intergration fee to their platforms
Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
I always have liked Binance as an exchange platform and even today i like trading at binance but i think they are trying to cover each and every area related to crypto which can be a bit tricky as you can loose focus when you are riding two boats at the same time. Already binance has covered most of the crypto venues and looks like staking and masternodes could be left and if they reach that goal i think they will next move towards a truly global crypto bank and if they want to keep expanding i think that should be their ultimate goal.
Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
I agree with you. Binance played a good game last year. They were on too high to claim them a better platform to store coin than a hardware wallet and then they faced the reality and lost 7000 BTC, lol! Binance DEX was an indicator to increase BNB price and rank in Coinmarketcap! Nowadays, it seems Binance is losing their top position which is needed I think!
Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Jump to: