BNB Chain (BSC)
Binance’s EVM-compatible blockchain, combining high performance with community-driven governance and the CEX ecosystem.
What is BNB Chain (BSC)?
BNB Chain, evolved from Binance Smart Chain in 2022, uses proof-of-staked-authority with 21 validators for 3-second blocks and 100 TPS, securing $5 billion TVL. Its native token is BNB token.
As of 2025, it boasts 51.6 million monthly active addresses, hosting PancakeSwap with $2 billion volume.
Related Terms
TVL (Lending)
Total value of digital assets locked in DeFi lending protocols for borrowing and lending activities.
Basis Point
A unit of measure equal to one-hundredth of a percentage point (0.01%), used to express changes in interest rates, yields, or spreads in finance.
Constant Product Formula x\*y=k
The constant product formula, typically x \* y = k, is the mathematical equation used by decentralized exchanges (DEXs) to set token prices and balance liquidity pools for automated trading.
Algorithmic Stablecoin
A digital asset maintaining value through supply adjustments without direct collateral.
Don't Trust, Verify
"Don't Trust, Verify" is a core principle in blockchain technology, emphasizing that users should independently validate transactions and data on the network rather than relying on intermediaries.
Borrow Rate (Lending)
The interest rate borrowers pay to access funds from a lending pool.