In the third installment of our series on networks supported by 1inch, we’re discussing BNB Chain. By swapping on BNB Chain via 1inch, users can leverage this robust and efficient network, purpose-built to support dApps and drive DeFi innovation.
What is BNB Chain?
BNB Chain is a high-performance blockchain ecosystem powered by Binance, one of the world’s leading crypto exchanges. Originally launched as Binance Smart Chain (BSC) in September 2020, BNB Chain has evolved into a dual-chain architecture, supporting both decentralized applications and asset transfers. Its focus on scalability, low transaction fees, and interoperability has made it a preferred choice for a number of developers and users in the DeFi space.
Features of BNB Chain
Key features of BNB Chain include:
- Fast and low-cost transactions, which is especially favorable for trading and DeFi activities - EVM compatibility, enabling seamless integration with Ethereum-based projects - A large and active user base, ensuring high liquidity and accessibility - Robust infrastructure for developing complex dApps and smart contracts.
Why use 1inch on BNB Chain?
1inch integrated with BNB Chain back in 2021, when it was still called Binance Smart Chain (BSC), to enable 1inch users access to the network’s growing ecosystem. Currently, BNB Chain is home to numerous DeFi projects, NFT platforms, and gaming apps, which makes it one of the most vibrant blockchain environments. Using 1inch on BNB Chain allows you to:
- Maximize efficiency through 1inch, finding the best swap routes - Leverage BNB Chain’s scalability for a seamless trading experience - Explore the diverse dApp ecosystem that BNB Chain supports.
BNB Chain continues to be a vital part of the infrastructure for DeFi and dApps due to its speed and efficiency. The integration of 1inch with this network offers users access to a wide range of opportunities and makes the trading process more economical and faster.
