Log in

BNB Chain

Unveiling Binance’s plan to attract millions of users

Updated: Aug 27, 2024
Published: May 30, 2023
0
Share:

You might find this a bit wild but guess what? PancakeSwap, that DeFi project we all know, is making a splash in the gaming world. Yep, you heard that right!

Post Feature Image

In this report, we'll dig deep into this surprising turn of events and explain why this is a sharp and calculated move from PancakeSwap.

You must wonder, "Does this game launch spell out 'Buy more CAKE'?" Well, stick around. We've got the answer for you.

And just when you thought we were done, we're throwing in a quick look at Binance Labs' freshest ventures.

So, strap in. We're in for a thrilling ride!

TLDR 📃

  • CAKE, PancakeSwap's token, gets new life as in-game currency in the DEX’s latest game: Pancake Protectors.
  • CAKE, the token, remains bearish due to its price chart.
  • Binance Labs investing heavily in mobile gaming platforms to bring in the next wave of users.
  • The BNB Chain will undergo an upgrade called "Luban" on June 11 to improve security.
  • BNB is stuck in a range with no sign of a breakout yet. It becomes interesting only if it crosses $335.
Disclaimer: Not financial or investment advice. Any capital-related decisions you make is your full responsibility.

Game on: PancakeSwap enters 🎮

PancakeSwap, a top dog decentralised exchange on BNB Chain, has just unveiled Pancake Protectors, a brand new, super engaging tower defence game. This game went from beta to official, launching today on Mobox, a killer PvP GameFi platform on the BNB Chain.

https://www.youtube.com/watch?v=jpHQEWJBtHU

What makes this game a standout is how it weaves in the CAKE token in a truly cool way.

To get in-game currency, you gotta spend CAKE, and you can even stake CAKE to score some extra resources. This move gives PancakeSwap's native token a fresh twist.

Learning from other blockchain games' oops moments, the PancakeSwap team has worked to make sure Pancake Protectors doesn't slip into the typical play-to-earn pitfalls. They're not just tossing out CAKE tokens to attract folks and water down the value for token holders.

Since this game is still just an experiment for PancakeSwap, it will closely monitor its popularity before determining whether to allocate additional resources.

The million-dollar question now is, does this new move make CAKE a tempting investment option?

Is CAKE on our shopping list? 🛍️

Despite the buzz around the new game, if you're hoping for quick, fairy-tale returns, the CAKE chart might not be your cup of tea. It's been on a two-year downhill ride, slipping without any signs of braking.

pancakeswappancakeswap

Here's the deal - we need to see CAKE stabilising, creating a solid base on the bigger timeframe charts. That's when we could say it's hitting rock bottom, and things might get interesting. But for now, it looks like CAKE might keep sliding.

We're not putting our chips on CAKE yet, but the news did make us wonder, "Why would a decentralised exchange like PancakeSwap kick off a game?"

Looking closer, it might seem odd, but when we zoom out and see the big picture of the BNB Chain ecosystem, it starts to click.

Gaming on BNB Chain: How big? 💹

BNB Chain is crushing it with the highest transaction count among all EVM Chains! A staggering 4.19 million transactions, with gaming contributing significantly.

Pancakeswap, Binance, BNB ChainBNB Chain's official Twitter confirmed that 20 gaming dApps account for around 9.17% of daily transactions!

 

Gaming dApps like Gameta are creating quite the buzz, with 273.1K monthly active users!

Even Venus, the second-largest DeFi app on BNB Chain, can't match this action despite its massive $800 million total value.

Binance Labs

Many of these games have more activity than Venus, the second-largest DeFi app on BNB Chain. Venus may have locked in an eye-popping $800 million in total value, but it's got only 8K active users.

Sure, Venus is a lending protocol, not needing constant activity like games, but it's clear how important gaming is to the BNB Chain's hustle.

PancakeSwap still holds the crown with a huge 1.7 million active users. But, with the biggest gaming app on the platform nabbing 16% of that user base, it's no mystery why they're stepping into gaming.

It's a slick move from PancakeSwap to use its solid user base and dive into the buzzing demand for gaming in the crypto space.

But PancakeSwap isn't the only big fish making waves in the gaming pool.

CZ is investing in BNB gaming 💰

Binance’s founder, CZ, shared that crypto investors are hunting for the next big thing to kick-start wider adoption. And guess where he’s personally looking? Yup, the gaming industry.

Binance Labs, Binance's investment wing, is making serious moves here. Their last three investments say it all: they poured $5 million into Gameta, a cool Web3 gaming platform, and led funding for South Korean blockchain whiz GOMBLE.

Not done yet, they joined a $10 million funding round for Tabi, an NFT marketplace focused on growing the BNB Chain gaming ecosystem.

This new wave of gaming investments feels different from 2021's. The big shift? A stronger focus on mobile games.

Binance Labs

Why? Well, mobile games rake in about 50% of total revenue, massively outperforming browser-based PC games from the early web3 era.

If we take Binance Labs' hints, it seems mobile games on the BNB Chain might be the key to bringing in new users in the next bull run.

The 'Luban' upgrade: What's ahead? ⚙️

While things have been a bit quiet in the BNB Chain ecosystem lately, there's one big event we can't ignore - the "Luban" network upgrade happening on June 11 at 21:30 UTC.

"Luban" aims to beef up BNB Chain's security following a nasty bridge exploit back in October 2022 that led to an illegal issuance of 2 million BNB, worth around $566 million. Ouch!

The upgrade includes two key proposals: BNB Chain Evolution Proposal (BEP-126) and BEP-174.

Let's break them down:

BEP-126 - Fast Finality Mechanism:

  • Finalised blocks offer irreversible transactions.
  • Enhances security for user transactions.
  • Lowers the risk of fraud and chain reorganisation.

BEP-174 - Cross Chain Relayer Management:

  • Improved security for token transfers between blockchains.
  • Streamlined addition or removal of relayers during crises. 
  • Reduced risk of attacks on the BSC Bridge, ensuring safer transactions.
Though "Luban" might not create as much buzz as past upgrades, any upgrade can still stir the price pot. So, let's dive into recent BNB price action and see what's brewing there.

Does this impact the price of BNB? 📈

mobilehide alignnone wp-image-274074 size-fullmobileshow alignnone wp-image-274073 size-full

Aligning with the market, BNB wrapped up last week on a high note, indicating an uptick in buying mojo. This could give its price a boost in the next few weeks, but our eyes are on a break above $335.

As long as BNB stays below $335, we're likely to see it bouncing between this and the $300 mark until it cracks one way or the other.

Keep in mind, though, any upswing in the next few weeks might be brief, as BTC is still looking a bit bearish on the bigger timeframe charts. Want more deets on that? Check them out here.

Cryptonary’s take 🧠

Gaming might still be finding its footing in the crypto world, but when a heavy-hitter like PancakeSwap jumps in with their own game, you know it's a trend to watch. Plus, gaming's footprint in the BNB Chain ecosystem is growing.

And let's be real, gaming's a lot more fun than DeFi. Not everyone's a finance buff, so it's no shocker that Binance Labs is dropping some serious cash into gaming. The real sweet spot though? Mobile gaming. We'll be digging deeper into that ourselves.

Even though things have been a bit sluggish for BNB Chain this month, we're watching BNB hover between its current $312 mark and $300. We'll really sit up and take notice once it breaks past $335.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Bullish Breakouts and Critical Resistance Tests
PRO
Market Direction
BTC, ETH and More: Bullish Breakout...The majors broke upside on positive macro news, now testing key resistances. Watch for bullish conti...
8 min read
Oct 27, 2025
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025