Why Avorak Uses Binance Smart Chain And How It Benefits AVRK

Avorak AI
2 min readMar 5

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BNB Smart Chain

BNB Smart Chain, developed by the Binance exchange, is one of the most well-known blockchains. With low transaction fees, even during high network traffic, it is capable of handling significantly more transaction volume than Ethereum with a much better finality time/cost ratio.

There is nearly four times the amount of active addresses on BNB Smart Chain compared to Ethereum, in no small part due to the lower transaction costs, which do not hinder users by wealth or transaction size.

Source: ycharts.com

Additionally, BNB Smart Chain has one of the highest amounts of total value locked (TVL), showing large amounts of liquidity across the network.

Source: DefiLlama

All of this points to a very healthy ecosystem with a large number of participants, allowing for the greatest amount of exposure to a customer base from the world over.

With the Binance exchange having by far the most volume and users on a daily basis, this also means BNB Smart Chain is highly accessible from a secure and proven on-ramp, with BNB also being available to purchase and withdraw on almost all other well-known exchanges.

Source: CoinMarketCap

It is for these ease of access and security reasons that Avorak has opted to launch on BNB Smart Chain, although cross-chain liquidity will be generated further into development as per the roadmap.

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Avorak AI

Avorak (AVRK) synergizes blockchain technology and AI to create cutting-edge AI chatbots, image-creation tools, and trading bots.