The native token of Brave Ecosystem BAT has added Binance Smart Chain (BSC) integration in a bid to accelerate its Defi growth and adoption. BAT holders can use numerous bridges that connect Ethereum and Binance Smart Chain to participate in the DeFi ecosystem on BSC.
— CZ ???? Binance (@cz_binance) March 22, 2021
Brave, a privacy browser has gained a lot of traction and mainstream use where it tips the user in native token $BAT for using the platform. Brave is also planning to pre-configure a BSC wallet support which is currently available through a configuration change. The partnership between Brave and BSC comes at a crucial juncture for both the blockchains, where BSC has grown in popularity and use while $BAT was recently added by Grayscale Trust.
BSC’s Growing Ecosystem Add Another Token to its List
BSC ecosystem has grown significantly over the past couple of months owing to growing gas fees on the Ethereum network. At the peak of the mounting gas fee issue, BSC was processing on average 2X volume of the Ethereum network. This was possible because many traders and Defi protocols either added BSC integration or shifted to the platform.
According to the @DappRadar February report
— Binance Chain Community (@BinanceChain) March 22, 2021
Many proclaimed BSC as the new Ethereum killer as it offers similar services at a fraction of the current transaction fee on the Ethereum network. However, Ethereum proponents have pointed towards the centralized nature of Binance’s native chain which is one of the key reasons behind the increasing number of rug pulls and exit scams.
$BAT Price Soars Post Grayscale Trust Listing
Basic Attention Token (BAT), the native token of Brave Privacy browser registered its new all-time-high of $1.37 on March 18 post-Grayscale Trust announced a new BAT cryptocurrency trust along with 4 others. The announcement had quite a bullish impact on all the listed tokens especially BAT which rose above $1 for the first time since its existence.
BAT is currently trading at $1.18 with over 8% gains in the past 24 hours and has gained over 60% this past week. Although the exchange supply of BAT is among the highest its recent partnership with BSC could help it expand its Defi use cases.