showed that 83.05% of the community voted for the deployment. 9.58% asked to make no changes, while a paltry 7.37% abstained from the process.On 18 January, the BNB Chain Foundation, led by a pseudonymous AdamBNB, made the deployment proposition.
Details from the proposal showed that the team believed that Euler could contribute to the volume and liquidity of BNB and. This, in turn, would help the chain with MEV-resistant liquidations and improved financial design. The proposal pointed mentioned that, “BNB would also add an extra degree of geographic diversification of both users and capital to its existing offering. Lastly, Euler could use both BNB and BUSD, two of the most demanded assets with the highest volume and liquidity in circulation.”its hike. According to Santiment, the metric, which was down at 0.0049 at the start of February 2023, had risen to 0.05 at the time of writing.
The development activity describes a project’s dedication to ensuring seamless use of its network. So, the spike in the metric means that BNB users might have fewer challenges transacting on the network. In addition, the image above pointed to the state of the BNB velocity. The velocity measures the average number of times a coin changes the wallet. At the time of writing, BNB Chain’s velocity was 0.269. At such a low value, it implied that there was a dip in activity among most BNB addresses.Meanwhile, the hike in market prices recently seems to have helped the portfolio of several BNB holders.
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