Terra developers interested in BNB Chain

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Terra developers interested in BNB Chain

Some important builders from the Terra LUNA USD ecosystem are looking to be brought on board by Binance Chain BNB USD.

What Happened: Speaking to Cointelegraph on Thursday, BNB Chain investment director Gwendolyn Regina confirmed that a number of projects within the Terra ecosystem had been interacting with the BNB Chain even before TerraUSD's collapse.

See also: IS TERRA LUNA DEAD?

There were Mirror Protocol, Synapse, and Wormhole included in the list of projects looking into BNB.

According to the chain's investment director, terra developers actively involved in sectors like GameFi, NFTs and DeFi have expressed interest in the BNB Chain.

Regina said that there has been interest from gaming companies on Terra because of our sidechain framework, BAS, which is the go-to sidechain for an excellent gaming experience.

The total value locked in DeFi on the Terra network fell from $29 billion at the beginning of the month to under $156 million today, according to data from DeFi Llama. TVL locked into DeFi on the BNB Chain was $8 billion, an increase of 4.27% over the last day.

We are ready to provide dedicated support for projects moving from the Terra ecosystem to build on the BNB Chain. In a May 17 blog directed at Terra developers, teams will get privileged access to network support, marketing, business development, and tokenomics support.

Price Action: According to the data released by Benzinga Pro, BNB was trading at $307, up 3.97% in the last 24 hours. The leading digital asset, Bitcoin BTCUSD, was trading at $30,165, gaining 3.32% over the same period.