Binance Monthly Review, Oct 2021: Soaring to New Heights
In October 2021, we completed the 17th BNB burn, provided $1 billion in funding for emerging blockchain projects on BNB Chain (former BSC) and launched our first-ever Binance Fan Token platform.
Fellow Binancians,
This month we witnessed history in the making, from Bitcoin’s record-breaking ETF to Facebook entering the Metaverse—hopefully, there’s an “immune to server outages” feature. Now for this month’s market recap.
October Market Recap: All-Time High
October marked a big month for cryptocurrencies as the total crypto market cap increased around 36%, from ~$1.9T on Oct 1, 2021 to ~$2.59T on Oct 28, 2021.
Bitcoin (BTC) hit an all-time high price at ~$66,974.77 on Oct. 20, 2021 for the first time in history, followed by a brief dip down to $58k on Oct 28. It currently trades at ~$ 60,768 as of writing.
Ethereum (ETH) broke its all-time high twice during the month of October, reaching ~$4,366.09 on Oct 21, 2021 and ~4,3999,89 on Oct 29, 2021. At the time of writing, Ethereum currently trades at ~$4,327.
The Big Story: Third Quarter Updates
1. Feel the burn
Every quarter, Binance commits to burning BNB until 50% of the total BNB supply (approximately 100,000,000 BNB) is removed from circulation. We completed our 17th BNB quarterly burn this month, removing 1,335,888 BNB, roughly $639,462,868 USD from circulation.
2. Highlights from CZ’s quarterly report
Hey everyone, CZ here! In addition to our BNB burn report, I took the opportunity to share highlights and insights from the past quarter, including our proactive approach towards compliance and the progress we’ve made so far.
$1 Billion: Building the Future of Crypto
We just recently launched the largest crypto accelerator fund for blockchain. The program will push growth for new projects on Binance Smart Chain, strengthen the wider crypto community and create a crypto-literate pool of emerging talents who will shape the future of our industry.
Learn more about BNB Chain's $1 billion crypto growth fund
Champion Your Favorite Team
For the first time on Binance: unlock next-level experiences, vote on team decisions, do more with your fan tokens and support the teams you love! Don’t just be a fan—be part of your favorite team.
...Did We Mention Binance NFT’s IGO
Not IPO or ICO, but IGO—Initial Game Offering—our brand new initiative to support the future of NFT gaming. Top gaming projects will have a new home to drop exclusive NFT assets, whether it’s an auction, mystery box or a fixed price collection.
What’s Ticking on The Exchange?
New listings this month:
Lazio Fan Token (LAZIO): The Lazio Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all S.S. Lazio supporters.
Tranches (CHESS): Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on BNB Chain (former BSC). CHESS is the governance token of the protocol and can be used for voting on governance proposals.
SuperRare (RARE): SuperRare is an NFT marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network and tokenized as a crypto-collectible digital item that you can own and trade.
Radicle (RAD): Radicle is a decentralized code collaboration network built on open protocols. It enables developers to collaborate on code without relying on trusted intermediaries.
Adventure Gold (AGLD): Adventure Gold is the ERC-20 governance token of the Loot NFT project. Loot is a text-based randomized adventure gear that is generated and stored on-chain, and aims to be the foundation for future games built by the community.
Beta Finance (BETA): Beta Finance is a cross-chain permissionless money market protocol for lending, borrowing, and short-selling crypto assets.
New trading pairs:
October 22, 2021: FTM/AUD, FTM/BRL and SCRT/BUSD. (Read more)
October 15, 2021: AVAX/AUD, AVAX/BRL, AXS/ETH, FTM/ETH, LUNA/AUD, SOL/ETH and TROY/BUSD (Read more)
October 8, 2021: HIVE/BUSD, SHIB/AUD, STPT/BUSD and UNI/AUD (Read more)
October 4, 2021: CVP/USDT, DENT/BUSD and FRONT/USDT (Read more)
This Month’s Ongoing Activities:
Grab some spooky NFTs. Celebrate Halloween and join our exclusive Orlinski x Binance Halloween NFT auction. Activity ends Nov 7. (Read more)
Refer your friends, win up to $15,000 BNB. Verify your account and start referring friends and get BNB rewards. Activity ends Nov 1. (Read more)
Time to Hallo-Win! Subscribe to BTC and ETH to take home your share of $20,000 in BNB. Activity ends Nov 3. (Read more)
Trick or Treat! Take part in our Binance trick or treat activity to take home your share of $250,000 in PROM and PROS. Activity ends Nov 1. (Read more)
Learn and trade SAND. Take home your share of $100,000 in SAND. Activity ends Nov 3. (Read more)
Other News Beyond The Exchange
Binance NFT now supports withdrawals and deposits. Users can now easily transfer their NFTs to and from BNB Chain and Ethereum (ETH) networks. (Read more)
Binance goes Serie A. We’re excited to announce a multi-year partnership with the Italian football team, S.S. Lazio. Binance will also become S.S. Lazio’s main jersey sponsor. (Read more)
Binance P2P Supports Jordanian Dinar (JOD). Users can now trade JOD in exchange for BTC, USDT, ETH, BNB, BUSD and DAI with more than 300 payment methods.
Try our new liquidity pools. Binance Liquid Swap has added support for DYDX and KSM, and opened 4 new liquidity pools: DYDX/USDT, DYDX/BTC, KSM/USDT and KSM/BTC. (Read more)
Highlights By The Week
Week 1 Highlights
BUSD: stablecoin compliance and security. Our recent case study showcases how BUSD has achieved immense success by prioritizing user safety and compliance to strict regulatory standards. (Read more)
Make everyday payments in crypto! Users can now shop with these newly added tokens—BIDR, DAI, TKO and XVG—at a variety of merchants available on the Binance Marketplace. (Read more)
Week 2 Highlights
Binance P2P birthday festivities. We recently celebrated Binance P2P’s two-year anniversary with exclusive activities and prizes, including limited-edition NFTs, a brand-new iPhone 12 Pro and much more!. (Read more)
Week 3 Highlights
Two years of Binance P2P. We recently shared two reports, including the numbers and product updates, detailing Binance P2P’s journey to becoming the number one peer-to-peer crypto platform for users all over the world. Read the facts, figures and statistics or catch up with our product updates.
Binance NFT is now multi-chain. Users can now easily transfer NFTs to and from BNB Chain and Ehtereum (ETH) networks. (Read more)
Level Up Your Crypto Game (With Academy Articles)
Etherscan 101. In this article, you’ll learn some useful ways to navigate the Ethereum blockchain using Etherscan. (Read more)
What are Binance Fan Tokens? Learn all about Binance Fan Tokens and how you can level up your sport’s fandom experience. (Read more)
Intro to Terra (LUNA). Read a detailed breakdown of Terra, a blockchain that lets users create stablecoins pegged to fiat currencies. (Read more)
Binance Lite 101. Get a complete beginner’s guide to Binance Lite, our simplified version of the Binance app. (Read more)
Follow Binance on Twitter or Facebook for the latest news and updates.