When BSC chain started getting traction, it offered a good alternative to Eth for cheap transactions.
6 months later it is just a shitcoin fest there. Home for all kind of Inu coins, safe-somethings, new entrants are Cat coins, gazillion different "swap" coins. None of which have any real economic value or organic activity.
There are just ZERO projects that are original or add any value on the BSC chain. Some of the projects that claim to be original like Venus are so badly developed and managed, their entire development team are clueless as to why their native stablecoin VAI has been out of peg for over 6 months now.
With nothing of value being developed in BSC, BNB seems way too overvalued to me, plus with regulatory over hang, it could really crash as fast as it went up in the bull market.
Binance imo just got too greedy, instead of funding and developing interesting de-fi projects with their huge cash reserves, they started peddling to the meme crowd and started listing all these junk tokens on Binance directly. As a result, BSC is completely devoid of any real development activity, except copy paste jobs of Ethereum projects. CZ's timeline has been a joke of late, he was last shilling BNB at $600, calling it a "dip". Prefixing obvious price related posts and shilling tweets with "NFA" doesn't make it not financial advice, Mr. CZ.
With Eth 2.0 nearing and also several Ethereum scaling solutions already deployed such as Polygon, BSC Chain's days seem quite numbered. Polygon's ecosystem is actually growing in a more organic and healthy fashion, with several Ethereum bluechips like Curve, Aave, etc all deployed on Polygon already.
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