Despite the ups and downs of the market, trading volumes on the Binance Smart Chain over the last seven days have still seen massive activity. With that, out of the top 10 DApps on the Binance Smart Chain, Venus Protocol was able to gain $1.25 billion in trading volume.
Top 10 DApps on the Binance Smart Chain
As per a tweet by BSCDaily, the top 10 DApps on the BSC in terms of transaction volume ranged from $1.25 billion for the Venus Protocol down to $49.11 million for ForTube BSC. To add, the DApps on the list included other popular exchanges like PancakeSwap and Alpaca Finance.
Although investing, in general, has been gaining split supporters, trading, on the other hand, has remained booming due to it providing an opportunity for traders to earn not just when the markets are up but also when the markets are down.
Through day trading or short-term trading, traders are able to actualize short price spikes while buying when assets are low. Day trading, as explained by Investopedia, involves buying and selling an asset within a short span of a day.
Top BSC DApps by Transaction Volume in the Last 7 Days:
Venus Protocol
- Cryptocurrency ticker: XVS
- Transaction volume over the last seven days: 1.25 billion USD
PancakeSwap
- Cryptocurrency ticker: CAKE
- Transaction volume over the last seven days: 1.13 billion USD
Alpaca Finance
- Cryptocurrency ticker: ALPACA
- Transaction volume over the last seven days: 660.87 million USD
Biswap
- Cryptocurrency ticker: BSW
- Transaction volume over the last seven days: 500.31 million USD
MDEX BSC
- Cryptocurrency ticker: MDX
- Transaction volume over the last seven days: 150.91 million USD
Solo.top
- Cryptocurrency ticker: N/A
- Transaction volume over the last seven days: 149.14 million USD
Cream Finance
- Cryptocurrency ticker: CREAM
- Transaction volume over the last seven days: 119.64 million USD
ACSI Finance
- Cryptocurrency ticker: ACSI
- Transaction volume over the last seven days: 65.40 million USD
ApeSwap
- Cryptocurrency ticker: N/A
- Transaction volume over the last seven days: 63.27 million USD
ForTube BSC
- Cryptocurrency ticker: FOR
- Transaction volume over the last seven days: 49.11 million USD
Top BSC Dapps By Transaction Volume 7 Days$XVS @VenusProtocol$CAKE @PancakeSwap$ALPACA @AlpacaFinance$BSW @Biswap_Dex@solo_top$CREAM @CreamdotFinance$ACSI @acryptosdao$BANANA @ape_swap$MDX @Mdextech$FOR @ForTubeFi#BSC pic.twitter.com/eQktU1Ki7D
— BSCDaily (@bsc_daily) March 8, 2022
Read Also: NASDAQ Says Crypto Market Will Crash, Provides Tips to 'Prepare': Recommends ETH and BTC
Difference Between Investing and Trading
Another article by Investopedia details the difference between investing and trading. As per the article, investing focuses more on long-term holding while trading. On the other hand, it focuses more on taking advantage of pricing.
Although it has become harder and harder to pick out crypto investments, traders, on the other hand, have been consistently taking advantage of volatility to make money through the ups and downs of the market.
Related Article: Snowflake Revenue Grew 102% This Year Compared to 2021: $1.2 Billion Profit for Fiscal Year 2022
This article is owned by Tech Times
Written by Urian B.
