BNB Chain has announced that it will allow native liquid staking on its BNB Smart Chain (BSC) as part of its move to migrate functions from the BNB Beacon Chain to BSC as the former is phased out. This development could benefit major projects on the network, such as RACA, as analysts point to growth in DeFi, GameFi, and the metaverse with the announcement.
BNB Chain noted that the BNB Beacon Chain will be fully phased out by June 2024. However, the company stated that it will transfer its resources to BSC before its closure. BNB Chain said that enabling liquid staking on BSC will allow ecosystem participants to secure the network while maintaining liquidity of their assets.
Data from DeFiLhama indicates that all PoS blockchains have seen significant growth in their top projects thanks to the liquid staking system, such as the announcement by BNB Chain, as it increases network activity, thereby helping attract new users and investors to the leading blockchain projects.
Since its inception, RACA has been a leader among GameFi and metaverse projects on the BNB Chain, with USM being one of the largest metaverses on the network and the RACA token being one of the most traded on the BNB Chain with one of the largest active communities, as indicated by Coingecko data.
Thus, BNB Chain’s latest announcement has the potential to further support RACA’s growth, which has been announcing major partnerships for its ecosystem every month.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
