BNB Chain has launched the third round of its liquidity program, providing $100 million in permanent liquidity support.
Launch of BNB Chain Liquidity Program
The third round of BNB Chain’s Permanent Liquidity Program has commenced with a $100 million budget. Designed to run for three months, it aims to improve liquidity by incentivizing native project tokens on the BNB Chain. The round covers all sectors, including memes, AI, DeFi, and gaming.
Participation Criteria and Rewards
The program includes several categories of exchanges where projects can earn various rewards based on popularity. Tokens fully built on the BNB Chain and meeting certain market capitalization and trading volume requirements are eligible for rewards. Rewards are given based on listing and other criteria, with potential total rewards up to $800,000. Anti-fraud measures are also in place.
BNB Chain's Growing Influence in DeFi
BNB Chain continues to assert its dominance in DeFi, with a recent DEX trading volume of $14.336 billion in the past week. The recent Pascal upgrade has brought improvements to the system, facilitating user interaction with decentralized applications. These enhancements are expected to further increase the chain’s growth.
BNB Chain’s new initiative focuses on enhancing liquidity and strengthening its position in the DeFi sector. The project is actively expanding its influence by providing diverse development opportunities on its platform.
