It seemed like it was only a matter of time before a new utility would exist for The Binance coin, BNB. Previously, the main benefit to hold BNB was to receive trading discounts on their centralized exchange. As trading discounts have decreased over time (per the released burn schedule), many started to wonder just how important it would be to hold BNB tokens rather than liquidate them for a seemingly better opportunity. Just when it appeared BNB was fated for a slow moderate bearish climb upwards (because the exchange was producing hundreds of millions of $$$ in daily volume, eventually hitting billions) so deep down I knew Binance had to have something ready to expand on for their coin. It just didn’t make sense to go against the likelihood of a dominant future for Binance. The Binance Smart chain was introduced shortly after, with BNB now acting in a manner similar to ETH. Binance now had it’s own chain to build on and as long as you held BNB you could move throughout this ecosystem. From my point of view the largest catalyst for The Binance Smart Chain (BSC) was the introduction of PanCakeSwap. Which is the Uniswap of the Binance Smart Chain. However, at the time of introduction, everything was still being built on ETH. It wasn’t until the ETH network started becoming very expensive to use when many started to consider alternatives. It was the perfect resolution at the moment and now projects and developers are well aware of the low fees associated with BSC. It is my guess that BNB will rival ETH in the coming months. Many still believe a solution for the ETH scaling issue to be years away. I personally love using the BSC. It makes staking small amounts feasible with low cost of contract approvals. It is so much easier for me to diversify my portfolio and interact with all the features of the token’s ecosystem without breaking the bank.