![]() The most recent publication from Binance mentioning their bridge indicates that an updated V2 bridge was rolled out in March 2020. The projects that use BSC have started to form a closed-cycle ecosystem. It appears that the Binance Bridge is either currently unavailable or discontinued. As of January 2021, BSC supports 42 cryptocurrencies across the chain to BSC, the total value of cross-chain assets has reached 1.37 billion, and the total market value of Binance BTokens has reached 556 million. ![]() “There are many features to come and we believe that with the support of Binance Labs, we can bring the user-focused GameFi model to the industry. Until recently, the Binance Bridge was one of the industry’s largest and most popular cross-chain bridges. In fact, James, Co-founder of BinaryX, stated that it aims to build a sustainable GameFi model within the BSC ecosystem to create real-life value out of gaming time for users. The partnership will allow deployment of a GameFi product on BSC, by combining DeFi, NFTs, and the crypto-economy. Binance Labs also announced that it has invested in the metaverse through BinaryX. Therefore, that’s not the only collaboration on the Binance Smart Chain. These bridges are especially gaining attention due to the metaverse future that several gaming giants and institutions are betting on. ![]() With that, it is worth noting that Multichain has a Total Value Locked (TVL) of close to $5 billion. “Binance Labs invests in disruptive innovations that have incredible potential to shape the crypto landscape, which is why we are fully supporting the Multichain.” On the partnership, Bill Chin, Head of Investment at Binance Labs stated, By supporting Multichain to bridge bToken across networks, users can expect liquidity integrations and growth of the ecosystem. The release also reiterated that Multichain is building a stronger partnership with BSC. We are excited to deepen our partnership with Multichain and work closely with the team to build out our shared vision.” “Multichain is a key contributor to the multi-chain future for crypto.
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