Since Binance informs about the inclusion of Defi coins, they have increased significantly in price and value.
Where the talk about Defi coins increased after their inclusion on the Binance platform. Not only that, but the currencies gained great confidence from traders and investors.
The best proof of this is the Yfi coin, which has reached from $ 900 to more than $ 30,000 in a few weeks.
It seems that the Binance platform intends to complete the process of supporting the Defi project, after it announced the establishment of its new Binance smart cahin network to support decentralized financing projects.
Binance said in Binaha that the new platform will be extremely fast at a rate of 3 blocks per second.
It is also compatible with the Ethereum virtual machine, which means that it supports applications that run on Ethereum and the transaction fees will be greatly reduced.
At the same time, the old Binance network will work and will not be abandoned, as the two networks will work side by side. Perhaps the difference between them may be that the new network will support decentralized financing projects and smart contracts from Ethereum.
In the announcement by Binance:
"Binance Smart Chain is designed to work with the legacy Binance network, though the new network offers fast execution and low transaction fees while adding smart contract functionality to support decentralized applications."
Auditors in the new network will be able to earn BNB coins in addition to many facilities in deposit and fees.
Binance Smart Chain also has partnerships with strong crypto and blockchain companies such as Chainlink, Band Protocol, Trust Wallet, and other applications and systems.
The Binance platform's efforts come to keep pace with the recent developments in the crypto world and to keep pace with changes and requirements from the public to reduce fees and speed up transactions.
