BNB Chain Opens Applications For RWA-Focused Incentive Program
In Brief
BNB Chain has launched a new incentive program to attract RWA projects by offering strategic support and infrastructure to promote their development and integration within its blockchain ecosystem.
Blockchain developed by cryptocurrency exchange Binance, BNB Chain announced the introduction of a dedicated incentive program focused on Real-World Asset (RWA) projects. This initiative is designed to encourage RWA-focused development or migration to BNB Chain, which currently ranks as the leading blockchain in terms of daily active users and transaction volume within the Web3 space.
The program offers a range of strategic support mechanisms, including technical and compliance-related guidance, incentives for liquidity provision and total value locked (TVL), targeted growth funding and promotional support, as well as tailored development plans aimed at enhancing project scalability.
The goal of the initiative is to facilitate broader adoption of RWA applications and to enable participating projects to expand efficiently by leveraging BNB Chain’s established infrastructure and user base.
Applications for the program will open on May 29th. Following the application phase, BNB Chain will conduct an in-depth evaluation process to determine eligibility and extend support to selected high-potential RWA projects.
Insights Into The Project Selection Process
Applications for the initiative are open to all types of RWA projects, without restrictions based on specific sub-sectors. To enhance transparency and provide the broader community with a clearer understanding of each applicant, it is encouraged that projects consider integration with the DeFiLlama platform. This step may also contribute positively to long-term project development.
While projects with an established market presence may reference market capitalization as a key metric of progress, the evaluation process will also take into account early-stage projects that exhibit strong innovation or technical potential. A project not being selected initially does not impact its chances of future consideration. Continued engagement with the BNB Chain team following submission is encouraged, as it can help position projects for future collaboration and growth opportunities within the ecosystem.
Several factors position BNB Chain as a prominent destination for RWA projects. Its infrastructure supports high throughput, offering approximately 2,000 transactions per second on BNB Smart Chain and more than 4,000 TPS through the Layer 2 solution opBNB, all while maintaining full compatibility with the Ethereum Virtual Machine. The network is also cost-efficient, with transaction fees averaging around $0.01. In terms of user engagement, BNB Chain hosts over 562 million unique wallet addresses and supports a daily active user base of approximately 10 million.
Additionally, the ecosystem has seen widespread adoption across multiple sectors, with over 5,000 decentralized applications deployed, including a strong presence in decentralized finance—where the total value locked exceeds $10.7 billion—as well as in the stablecoin sector, with a combined market capitalization surpassing $10 billion.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
