Arkham is ecstatic and takes great delight in announcing that it has struck a partnership with the BNB Chain that will be mutually beneficial. The intent and purpose of this is to achieve their common goal of generating much information about ecology. In addition, there is the factor of achieving their ambitions of developing the definitive Crypto Intelligence platform.
BNB Chain, as an entity, is just about one of the biggest-ever crypto ecosystems. At the present moment in time, it is holding an approximate amount of $7 billion worth of total value locked (TVL) on its chain. The blockchain is processing almost 3 million transactions and around $200 million worth of volume daily. Because of its super-fast transaction speed and extremely low fee structure, the BNB Chain is currently the most sought-after smart contracts platform in terms of all prospective builders and new tokens for the past couple of years.
The BNB Chain has successfully created an impression where the crypto arena is concerned. This great feat has been achieved by concentrating on delivering products that are the absolute requirements of retail users. This is easily understandable, considering the multiple projects that have originated and been created on the platform. As a case study, PancakeSwap is one of the biggest decentralized exchanges (DEXs), having nearly $2.5 billion in the form of TVL. The Chain also has a significant market share in Asia. Now, with the coming together of the Arkham platform with the BNB Chain, it will provide the market players with the opportunity to connect with them from all across the globe.
In the current scenario, with the ever-expanding Arkham product being adequately exposed to the BNB Chain, they will be able to have their activities in the arena of smart contracts covered. In the case of large entities as well as retail users, they carry out a massive number of transactions through various chains. However, at the present moment in time, the market’s prime requirement is a single product that enables users to effectively keep track of entity transactions, review aggregate analysis, and track asset flows through various chains to get a full view of the blockchain arena. This happens to be the exact position in which Arkham will find itself.