{"id":117781,"date":"2023-07-04T16:11:28","date_gmt":"2023-07-04T16:11:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/binance-lists-new-token-enough-to-attract-new-users-crypto-news\/"},"modified":"2023-07-04T16:11:30","modified_gmt":"2023-07-04T16:11:30","slug":"binance-lists-new-token-enough-to-attract-new-users-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-lists-new-token-enough-to-attract-new-users-crypto-news\/","title":{"rendered":"Binance lists new token;  enough to attract new users?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both; display: block; float: none;\"\/><\/p>\n<ul>\n<li><em>Binance announced the listing of the much anticipated PENDLE token.<\/em><\/li>\n<li><em>Sentiment around BNB improved as the price rallied, however, the BUSD marketcap continued to decline.<\/em><\/li>\n<\/ul>\n<p>The recent lawsuit filed by the SEC against <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/Binance\" data-wpel-link=\"internal\">Binance [BNB]<\/a>  caused massive problems for the exchange.  Sentiment and usage declined, while both BNB and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/busd\" data-wpel-link=\"internal\">Binance USD [BUSD]<\/a>  were affected negatively.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">Realistic or not, here&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">BNB&#8217;s market cap in BTC&#8217;s terms<\/a><\/p>\n<hr\/>\n<p>However, despite the ongoing legal battles that Binance has been facing, new developments keep coming into the picture.  Recently, Binance announced that it will list PENDLE in the Innovation Zone and will open trading for these spot trading pairs soon.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">#Binance<\/a> will list <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/pendle_fi?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">@pendle_fi<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PENDLE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$PENDLE<\/a> in the Innovation Zone.<\/p>\n<p> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5eOUmqPfLO\" data-wpel-link=\"external\">https:\/\/t.co\/5eOUmqPfLO<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/uPF7ziB3ls\" data-wpel-link=\"external\">pic.twitter.com\/uPF7ziB3ls<\/a><\/p>\n<p>\u2014 Binance (@binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance\/status\/1675758862891098114?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">July 3, 2023<\/a><\/p>\n<\/blockquote>\n<h4>What is PENDLE?<\/h4>\n<p>PENDLE, which has garnered significant popularity among users in the crypto space, has become a token of interest in the last few months.<\/p>\n<p>For the uninitiated, PENDLE is the official token of the Pendle Finance protocol.  Pendle Finance offers a unique approach to trading yield-bearing crypto assets by splitting them into principal and yield tokens.<\/p>\n<p>Pendle&#8217;s solution, inspired by bonds, has led to significant growth in trading volume and total value locked (TVL) on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/eth\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a>  and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/arb\" data-wpel-link=\"internal\">Arbitrum [ARB]<\/a>,  Under their ve-tokenomics model, vePENDLE holders earn 80% of the protocol&#8217;s generated revenue, while liquidity providers receive the remaining 20%.<\/p>\n<p>This makes the protocol more attractive to users.<\/p>\n<div id=\"attachment_324910\" style=\"width: 1098px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs.jpeg\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-324910\" class=\"size-full wp-image-324910\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs.jpeg\" alt=\"\" width=\"1088\" height=\"710\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs.jpeg 1088w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs-300x196.jpeg 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs-1024x668.jpeg 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/F0H2w8iaIAAOKLs-768x501.jpeg 768w\" sizes=\"auto, (max-width: 1088px) 100vw, 1088px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-324910\" class=\"wp-caption-text\">Source: Nansen<\/p>\n<\/div>\n<p>After Binance announced the listing of PENDLE, two PENDLE institutional addresses transferred 4.6 million PENDLE to Binance, which may be sold after opening trading, according to EmberCN.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zh\">exchange rate announced <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PENDLE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$PENDLE<\/a> After\uff0c2 \u4e2a PENDLE investor \/ organization address \u5c06 460 \u4e07 PENDLE \u802c\u5165\u5fc3\u5b89\uff0c May be sold after open trading<\/p>\n<p>1. HashKey Capital<br \/>2021-2022 \u5f61\u5c5e\u89e3\u90e8 271 \u4e07 PENDLE\uff0c then \u8f6c\u5165 Mexc\uff1b<br \/>2022\/11 from Gate 241 \u4e07 PENDLE\uff1b<br \/>\u534a\u5c0f\u524d\u5c06\u8fd9 241 \u4e07 PENDLE($2.83M) \u8f6c\u5165\u901a\u5b89\u3002<\/p>\n<p>\u63a8\u6587\u7531 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LionDEX_CN?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">@LionDEX_CN<\/a> \u8d5e\u52a9 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/J9fwGC0Q2u\" data-wpel-link=\"external\">pic.twitter.com\/J9fwGC0Q2u<\/a><\/p>\n<p>\u2014 \u4f59\u674e (@EmberCN) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EmberCN\/status\/1675792828415508480?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">July 3, 2023<\/a><\/p>\n<\/blockquote>\n<p>The announcement of PENDLE on Binance could bring new users and increase activity on Binance and improve sentiment surrounding the exchange and its protocol.<\/p>\n<h4>State of Binance<\/h4>\n<p>Over the last 24 hours, the number of active addresses on the Binance network has increased by 5.8%.  Due to this spike in activity, the revenue generated by the protocol has grown by 14.1% as well.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/binancecoin-profit-calculator\" data-wpel-link=\"internal\">Check out the BNB Profit Calculator<\/a><\/p>\n<hr\/>\n<p>Coming to Binance&#8217;s native token BNB, its price increased significantly over the last week, owing to a decline in negative sentiment.  Even though BNB could recover, the same couldn&#8217;t be said about Binance&#8217;s stablecoin, BUSD.<\/p>\n<p>The marketcap of BUSD continued to decline in the past month.  Coupled with the declining market cap, the velocity of the stablecoin also fell, suggesting low activity occurring with BUSD.<\/p>\n<div id=\"attachment_324921\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-324921\" class=\"size-full wp-image-324921\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-324921\" class=\"size-full wp-image-324921\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/BNB-BNB-14.53.25-04-Jul-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-324921\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance announced the listing of the much anticipated PENDLE token. Sentiment around BNB improved as the price rallied, however, the BUSD marketcap continued to decline. The recent lawsuit filed by the SEC against Binance [BNB] caused massive problems for the exchange. Sentiment and usage declined, while both BNB and Binance USD [BUSD] were affected negatively. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":117782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-117781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=117781"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117781\/revisions"}],"predecessor-version":[{"id":117783,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117781\/revisions\/117783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/117782"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=117781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=117781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=117781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}