BNB Chain Weathers Turbulent Week Amid Altcoin Meltdown

Description

The BNB Chain ecosystem has endured a stormy week, shedding $12.4 billion in market capitalization amid a broader altcoin crash that rippled across the digital asset space. While flagship assets such as Bitcoin slipped below the $104,000 mark, the BNB Chain’s performance mirrored the market downturn with a 7% drop in value. BNB itself fell 4.5%, closing the week just under $640. On-chain diagnosis of the state of affairs was not encouraging. Total value locked (TVL) in the BNB Chain ecosystem to...