With the highest TVL outside of Ethereum, and over two million daily active users and a high of 14.7 million daily blockchain transactions, BSC is a welcome addition for Nervos users, and the bridge also offers huge possibilities for BSC fans.ĭevelopers will also appreciate the bridge as these teams can port their dApps to Nervos and gain access to projects, tools, and resources available in a burgeoning network focused on DeFi development.Īdditionally, YokaiSwap also will gain access to liquidity through the BSC ecosystem. These tools have great application in the DeFi space, with a next-generation interoperable AMM decentralized exchange YokaiSwap running on Nervos, and a new bridge to BSC, the usability of DeFi on Nervos is greatly increasing.īSC has become a powerful and highly usable chain in the current blockchain ecosystem. The next big DeFi EcosystemĪt Nervos, we have been pursuing the creation of a multi-chain ecosystem with the creation of our interoperability tools, such as the Force Bridge and Godwoken. Users in the BSC ecosystem will also be able to take advantage of yield farming opportunities available through YokaiSwap, the first decentralized exchange (DEX) to launch on Nervos. With the launch of the bridge, BSC assets will be able to be transferred to the Nervos Ecosystem.īut, developers and projects building on BSC will be able to use their existing codebases to begin porting their dApps to Nervos, enabling them to grow their user reach and brand awareness. This new cross-chain bridge is part of our multi-chain strategy and interoperability journey that we hope will contribute greatly to our booming DeFi ecosystem. This linking of the Nervos Network to BSC opens up a new realm of possibilities, especially in the DeFi space. You can also use MetaMask Bridges to transfer between BSC and many other networks.As part of our continued expansion of the Nervos Network, we are excited to announce that we will be bridging to Binance Smart Chain (BSC) with the use of the Force Bridge. Instead, they now recommend either transferring your tokens to the Binance Exchange and withdrawing from there to your chosen network, or using a third party bridge. Second, we strongly recommend reading this article before attempting transfers.Īs indicated in that article, please keep in mind that due to the immutable nature of blockchains, if you send assets to the wrong blockchain, they can be lost forever.Īs with all cross-chain transfers, we strongly recommend using a bridge to move assets.īinance used to have an official bridge until November 2021. Pay special attention to the different networks on which you can withdraw tokens from your Binance wallet. In order to receive the most accurate and up-to-date information on these topics, we recommend you consult Binance's documentation directly.įirst, watch the Binance video resources available here. ERC-20 (the most common Ethereum, and EVM-compatible, fungible token standard).įor more on EVM-compatible tokens in general, see here.BEP-20 (for Binance Smart Chain and dapps on the BSC Network).

BEP-2 (essentially only for the Binance Chain).If you're handling assets on the BNB Smart Chain (formerly BSC), you should familiarize yourself with the different token standards that may be at play: If you do it wrong, you can lose your assets forever. Transferring assets from BSC to another chain is something that must be done right.

Binance org bridge