Explore Vulcan Forged (PYR), a leading web3 ecosystem with gaming, NFTs, metaverse, and its own L1 blockchain, Elysium. Discover what sets it apart.

Vulcan Forged started out as a gaming hub targeting 

 users who could access play-to-earn (P2E) games on it that are powered by 

 blockchains. However, over time, Vulcan Forged has evolved into an all-encompassing blockchain and web3 platform. It now offers Elysium (a Layer 1 blockchain), a 

 (NFT) projects, and Vulcan Studios for developing mobile and PC web3 games.

Let's explore the Vulcan Forged web3 ecosystem and learn why it's definitely a project to watch in the busy web3 space.

, a blockchain-powered gaming ecosystem, offers comprehensive solutions to web3 users, suited to all gaming needs.

Founded in 2019 by a team led by current CEO and founder Jamie Thomson, Vulcan Forged started out as a gaming hub in which users could access NFT-powered web3 games. However, with Thomson at the helm, Vulcan Forged has transitioned into a full-fledged blockchain ecosystem that’s designed to solve the challenges faced by web3 users, such as high fees, slow transaction times and user-unfriendly gaming interfaces.

At the core of its comprehensive ecosystem is Elysium, a 

 designed specifically to power gaming and the metaverse. By leveraging the Elysium blockchain, Vulcan Forged is better positioned to offer enhanced functionalities, such as dynamic NFTs, an advanced suite of tools and a more immersive gaming experience.

Vulcan Studios, part of the Vulcan Forged ecosystem, supports the development of blockchain games. Several enhancements to Vulcan Studios now provide for an interconnected universe for gamers, a critical move in the platform's bid to become a more unified gaming ecosystem.

Vulcan Forged NFT marketplaces like Agora and Cedalion offer users a seamless experience in trading and creating digital assets. In particular, Agora provides a user-friendly interface for minting NFTs without gas fees that makes it accessible for creators and collectors alike.

Furthermore, the Vulcan Forged team has announced that VulcanX, its 

 (CEX), is almost complete. VulcanX will provide the platform's users with a gamified trading experience in which landholders In its ecosystem will share in generated revenue.

The entire Vulcan Forged ecosystem is governed by a dual-token economy consisting of PYR and ELY (previously LAVA) tokens.

 blockchain developed by Vulcan Forged that’s designed to power the future of web3 gaming, NFTs and 

 (DApps). Created with developers and users in mind, Elysium combines scalability, high throughput and a strong sustainability ethos to deliver a robust and eco-friendly blockchain ecosystem.

 (EVM) framework, Elysium supports fast, low-cost transactions, and is fully compatible with both Ethereum-based and Substrate-based tools. Its interoperability makes it an ideal platform for developers looking to deploy DApps, launch NFT collections or create gaming projects with dynamic on-chain mechanics.

A standout aspect of Elysium is its growing ecosystem of integrated tools, such as:

In addition to its robust technology, Elysium is central to the larger Vulcan Forged vision of a unified digital universe. It underpins diverse applications, including Vulcan’s NFT marketplaces, upcoming CEX and multi-game metaverse.

With an emphasis on accessibility, innovation and real-world use cases, Elysium is positioning itself as the core infrastructure for the mission Vulcan Forged has to merge gaming, blockchain and digital ownership into one immersive ecosystem.

In order to lower barriers to entry through enhanced user experience, Elysium offers three protocols that work together seamlessly to benefit web3 individuals and businesses. These protocols simplify the process of converting tokens, while offering fee delegation and allowing users to utilize any token in their wallets when transacting.

Vulcan Forged has created a comprehensive ecosystem to enhance web3 user experiences. Apart from the Elysium blockchain discussed above, other key components of the Vulcan Forged ecosystem are as follows.

Vulcan Studios is a gaming development platform designed to facilitate the creation, development and playing of PC and mobile games. In the revamped Vulcan Forged road map, these studios’ DeFi games are undergoing various enhancements to improve user experience.

Some of the notable games produced by Vulcan Studios include 

Vulcan Verse, Vulcan Runner, Berserk, Vulcan’s Creed

​MetaScapes is an innovative metaverse-as-a-service (MaaS) platform that empowers users to create and customize their own digital realms. Offering four distinct worlds — Fantasy, Cartoon, Urban and Futuristic — MetaScapes provides a versatile environment for creativity and exploration. Its users can personalize their avatars, design unique landscapes and even monetize their creations through in-world economies. 

With features like VR compatibility and AI assistance, MetaScapes aims to deliver an immersive and user-friendly experience, bridging the gap between imagination and digital reality.

The Vulcan Forged platform is powered by a dual token economy that consists of PYR and ELY tokens, each one playing a distinct role on the platform.

PYR is the primary token of Vulcan Forged. Initially, PYR was powered by the Ethereum and Polygon blockchains, but it’s now primarily powered by the Elysium blockchain. PYR plays three major roles on the platform: gaming, settlement and 

. It has a total supply of 50,000,000 tokens, with a circulating supply of 23,897,700 (as of May 15, 2025).

The primary use cases of the PYR token are as follows:

The second token on Vulcan Forged is ELY, which was formerly known as LAVA. ELY is Elysium's native and gas token. It also features many other uses, such as powering transactions and rewarding gameplay on Vulcan Forged games. You can earn ELY by participating in various games and accumulating XP points on the platform. Additionally, you can generate ELY tokens as rewards for holding PYR.

ELY’s total supply is 1 million tokens. Some uses of ELY include:

You can buy PYR on Bybit as the PYRUSDT Perpetual contract, with leverage of up to 12.5x. It's listed in Bybit's Innovation Zone, which gives you access to handpicked projects with a potential for high returns (also with higher fees and risk).

Vulcan Forged (PYR) crypto price prediction

As of May 15, 2025, PYR is priced at $1.34, 97.3% higher than its all-time high of $49.24 on Dec 1, 2021 and 51.8% higher than its all-time low of $0.88 on Apr 7, 2025.

Price prediction experts are cautiously bullish on PYR's future price. CoinCodex predicts that PYR 

 a maximum price of $1.49 in 2027 and increase to $4.43 in 2030. Meanwhile, DigitalCoinPrice is relatively more bullish on PYR, and expects that the token 

 a maximum price of $4.85 in 2027 and surge to $7.34 in 2030.

While these forecasts are bullish, they aren’t financial advice and they don’t guarantee the future price of PYR. We highly recommend that you 

 before you invest in Vulcan Forged or any other cryptocurrencies.

Vulcan Forged (PYR) is shaping the expanding universe of web3 gaming by merging cutting-edge technology with immersive player experiences. From its native Elysium blockchain to dynamic NFT ecosystems and the upcoming VulcanX decentralized exchange, the platform is setting new standards in decentralization, creativity and scalability.

Featuring a unified road map, tools like MetaScapes, NFT marketplaces, and Elysium Swap, Bridge and Scan, Vulcan Forged is building more than games — it’s forging a sustainable digital economy. As its ecosystem grows, PYR, its cross-platform utility token, remains at the heart of this transformation, empowering game developers, creators and players in the next era of decentralized entertainment. 

Intermediate

Vulcan Forged (PYR).png

Vulcan Forged (PYR): The expanding universe of web3 gaming and beyond

Discover MapleStory Universe, Nexon's blockchain-powered version of the iconic MMORPG game loved by over 250 million players. Learn more about the launch of MapleStory N on May 15, the NXPC token and how to trade NXPC on Bybit.

, a simple, 2D MMORPG that quickly became a cultural phenomenon. Its blocky characters and iconic town of Henesys were etched in the memories of over 250 million players who played the game worldwide. Now, Nexspace, an Abu Dhabi–based subsidiary of Nexon, is recreating this world on-chain with MapleStory Universe. 

At its core, MSU is a faithful recreation of 

s legacy. It revives the beloved characters, art styles and lore while simultaneously improving the game by integrating blockchain technology. Nexpace believes this integration will transform the franchise from a centralized ecosystem into a player-owned universe, creating a win-win scenario for both the original players and web3 natives. 

 IP is already an established success, with 250 million players and over $5 billion in revenue. MapleStory Universe aims to bring its enormous player base into MSU through various incentives, such as cross-platform progression and exclusive rewards for legacy users. 

Behind all of this development is Nexpace, the blockchain-focused subsidiary of Nexon established in 2023. Sun Young Hwang is the CEO of Nexpace and a leader at MapleStory Universe. With 15 years of experience at Nexon, Hwang brings a wealth of expertise and a clear vision for the ecosystem’s growth in the web3 space. 

As part of its mission to launch a gaming universe, Nexpace teams announced 

, the first standalone game of the MapleStory Universe. It’s a PC-based MMORPG with onchain item ownership. The game is set for a global launch on May 15, 2025, and is currently available for 

. According to BlockchainGamer.biz, the game was so popular that it 

 players can issue, trade and manage in-game 

. Post-launch, the community can collaborate on content development, influencing the game’s evolution through creator tools. 

, a blockchain tailored for gamers. Built on 

, it combines Nexon’s 20-plus years of anti-cheat expertise with 

’s tamperproof randomness (critical for fair loot boxes). Transactions are free, fast and invisible during gameplay. No crypto wallets are required upfront. For 

 veterans, this offers a smooth gateway into web3, and for crypto natives, it brings a beloved gaming franchise on-chain.

Blockchain's role in the MapleStory Universe

The Henesys blockchain plays a crucial role in MSU’s development and execution. It provides sub-second finality and support for thousands of 

 (TPS), ensuring gameplay remains fluid and uninterrupted.

On top of that, the use of blockchain also enables players to own and trade in-game assets as NFTs. These NFTs are designed to be interoperable across every game that’s built in the MapleStory Universe, providing increased utility and value for these digital assets.

The game’s economy also relies on the decentralized nature of blockchains to create an ever-changing world. It incentivizes creators to design unique planets, each with its own tailored gameplay and social experiences, and rewards them with NXPC tokens for their contributions. 

NXPC is the native utility token of MapleStory Universe, with a fixed supply of 1 billion. It functions as the reserve currency of the universe, and is used to link gameplay assets to the border ecosystem. 

The token’s initial distribution also reinforces its decentralized nature, as 80% of NXPC is reserved for contributor reward, with just 0.696% allocated for the team and 0.4% for advisors,

Additionally, the team and advisors allocations also have vesting requirements. The team token has a structured vesting schedule with a 9-month cliff, followed by quarterly unlocks over the next three years. For advisors, there’s a 12-month cliff, followed by milestone-based vesting. 

MSU’s franchise has generated $5 billion in revenue since 2003. The organization behind the game is focused on longevity, as opposed to a quick money grab. Crucially, blockchain technology has matured to an extent where it can deliver seamless gameplay, matching the smooth experience players expect from traditional platforms. 

 starting on May 15, 2025. From now through May 28, 10AM UTC, new and existing Bybit users can stand a chance to win from a prize pool of 9,000,000 NXPC by 

. Register for this event at Bybit Token Splash 

Beginner

nexpace nxpc .png

Nexpace (NXPC): MapleStory IP goes web3

The Ethereum Foundation has launched the Trillion Dollar Security Initiative, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. 

The S&P 500 edged up 0.1%, lifted by tech gains from Nvidia and AMD, despite broader sector losses. Gold dropped below $3,200 as easing US-China trade tensions and rising Treasury yields reduced safe-haven demand, despite softer inflation data. Traders await US PPI and retail sales for further cues. The Coindesk Indices, which tracks the broader crypto market, down 1.64%, with Bitcoin and Ether down 1.47% and 3.35%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ATH, which rose 15.2% after Aethir boosted conversions with its instant play decentralized cloud gaming solution.

Aethir (ATH), founded in 2021, is a decentralized GPU cloud platform that provides scalable computing power for Web3 applications like gaming, AI, and design, enabling businesses to run high-performance tasks without centralized infrastructure. 

 boosts gaming user acquisition by enabling instant play without downloads, reducing costs and improving conversion. In a case study with SuperScale, games using Aethir’s tech saw a 45% higher conversion rate, 93% higher ARPU, and 43% more users preferring instant play over downloads. By bypassing app store fees and offering seamless gameplay access, Aethir provides studios with a cost-effective, high-conversion alternative to traditional mobile gaming funnels.

Check out the latest prices, charts, and data of 

The Ethereum Foundation has launched the 

, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. The initiative will (1) map Ethereum’s security landscape, (2) execute key improvements across its stack—from wallet UX to consensus, and (3) improve communication around Ethereum's security standards. Led by EF’s Fredrik Svantes and Josh Stark, with support from security experts samczsun, Mehdi Zerouali, and Zach Obront, the initiative seeks broad ecosystem input to achieve a world where trillions in value can be securely held onchain.

Yesterday, BTC spot ETFs saw $86.6 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.

, rewarding whitelisted participants with 100 xpSPON for completing simple tasks like following on X and joining Discord. xpSPON will directly impact your future SPON airdrop allocation — the more you earn, the greater your rewards.

1.png

Ethereum Foundation launches initiative to bring trillion-dollar security onchain

Diversification reduce reliance on any single market, ensuring stability during downturns. Here are the top 5 ways to diversify your portfolio.

Imagine watching the market crash while your portfolio stays steady — not because you predicted the dip, but because you built a strong defense against it. 

 is a time-tested financial safeguard in unpredictable markets. By balancing various assets, such as crypto, commodities, 

 and international stocks, investors can weather 

 and seize opportunities. So, how do you diversify effectively without overcomplicating things? This article explores the top expert strategies, and some common pitfalls to avoid.

 strategy that spreads investments across different asset classes, sectors or countries to reduce exposure to any single asset or risk. This approach aims to stabilize returns by cushioning the impact of market volatility on your overall portfolio.

Why is portfolio diversification important?

The age-old advice not to “put all your eggs in one basket” holds true when it comes to investing, and it’s a simple but powerful way to protect your wealth. Diversification helps safeguard your capital by spreading your investments across different assets so that when one underperforms, others may help offset the loss. This strategy is especially important for people nearing retirement, or for anyone who values financial stability.

By investing across various asset classes — such as stocks, bonds and real estate, as well as different industries and geographic regions — you build a portfolio that’s more resilient to economic ups and downs. But beyond just reducing risk, diversification often leads to better risk-adjusted returns and less day-to-day volatility, for an investment experience that’s less stressful overall. Moreover, because not all investments will dip at the same time, investors don’t continually have to monitor everything in their portfolios.

Diversification can also help guard against inflation, thanks to assets that tend to perform well when prices rise. At the same time, it opens the door to opportunities in growing markets, all while keeping your investment approach balanced and aligned with your long-term financial goals.

Top 5 tips for diversifying your portfolio

Here are five smart ways to diversify your investments and protect your future returns.

Tip 1: Spread investments across asset classes

Spreading your investments across different asset classes, such as stocks, bonds, real estate, cryptocurrencies and commodities, helps ensure your portfolio isn’t overly exposed to the risks of any single market segment. This makes your investments more resilient. Different assets often react differently to market conditions, so when one asset underperforms, others may perform better, balancing your overall returns (as well as your risks).

Assuming you invest solely in stocks, and the stock market declines, your entire portfolio may suffer. However, if you also hold bonds, which often perform well when stocks decline, any blow to your portfolio can be softened.​

Don’t just buy one type of stock or bond. Within each asset class, invest in a mix of sectors (such as technology, healthcare and energy), company sizes (large-cap, mid-cap and small-cap) and styles (growth, value and dividend). This approach further reduces the risk that poor performance in one area or industry will drag down your entire portfolio.

If you invest heavily in the technology sector and it experiences a downturn, your portfolio could suffer accordingly. Diversifying into other sectors like healthcare or consumer goods can help balance your investments’ performance.​

Tip 3: Low-cost index funds and ETFs for instant diversification

 (ETFs) offer a ready-made way to achieve diversification. They provide exposure to a broad range of assets or sectors, often at a lower cost than actively managed funds. This approach simplifies diversification, and can be more accessible for individual investors, especially beginners. It's an efficient way to diversify quickly and easily, as each fund typically holds dozens or even hundreds of underlying securities.

For instance, investing in an S&P 500 index fund gives you exposure to 500 large US companies, providing instant diversification across various industries.​

​Expanding your portfolio to include international assets can enhance diversification and provide exposure to growth opportunities beyond your home country. Investing globally can help mitigate risks associated with domestic economic downturns, as different regions may experience varying economic cycles.​

 their US counterparts in the first quarter of 2025. This outperformance was attributed to strong corporate earnings, increased defense and infrastructure spending in Europe, and the absence of direct US tariffs targeting European goods. Despite initial skepticism, European stocks rose by 10–12%, even as US markets declined somewhat, thus helping to stabilize global portfolio returns for investors with international diversification

However, investors must be mindful of currency exchange risks. Fluctuations in exchange rates can impact the value of international investments. For instance, if you invest in a European company and the euro depreciates against the US dollar, the value of your investment in dollar terms may decrease even if the company's performance remains strong.

Diversification isn’t a one-time task. Over time, some investments may grow faster than others, skewing your original allocation. Regularly reviewing and rebalancing your portfolio ensures it stays aligned with your 

 and investment goals, maintaining the benefits of diversification while improving long-term performance.

Let’s say your target allocation is 60% stocks and 40% bonds, but stocks perform well and grow to 70% of your portfolio. In this case, rebalancing would involve selling some stocks and buying bonds to return to your original allocation.​

Common portfolio diversification mistakes to avoid

Avoiding these common diversification mistakes can help you build a stronger, more resilient portfolio:

How to diversify your portfolio with Bybit

Bybit is a leading crypto exchange that offers a wide range of products designed to help you diversify across cryptocurrencies, traditional assets and innovative financial instruments. Following are some of the many products and services that Bybit offers.

Portfolio diversification is a key strategy for reducing risk by spreading investments across different asset classes, sectors and regions. Achieving this goal, however, requires a balanced and disciplined approach to ensure resilience and long-term growth. Bybit helps simplify this process with powerful tools like MT5 trading, Copy Trading and Structured Products. These tools allow investors to diversify their portfolios more effectively, providing access to diverse markets and strategies while also minimizing risk. 

diversify your portfolio.png

Top 5 tips to diversify your portfolio

Crypto

BEP-20 tokens can be found on the Binance Smart Chain. Read all about them here.

Token standardization in crypto has helped to build a foundation for an entire blockchain ecosystem as we know it. 

Smart contract platforms like Ethereum and Binance Smart Chain (BSC) allow you to build and launch your 

(DApps). Each DApp comes with a unit of value, and a tradable asset called a “token,” used to provide a utility or perform certain economic and governance-related activities.

These tokens follow a specific framework called a 

, a set of rules and guidelines that must be incorporated into the smart contracts. If a token doesn’t follow and comply with the desired token standard, it won’t be compatible and interact with the rest of the ecosystem applications, such as wallets and exchanges. 

Every blockchain platform has its own set of token standards that smart contracts have to follow. You might be familiar with 

-based tokens that follow the ERC-20 token standard. Similarly, Binance Smart Chain (BSC) comes with a token standard called 

, which has to be followed by every BEP-20 token launched on the Binance Smart Chain platform.

This guide will discuss and demystify the BEP-20 token standard and explore some of the most promising BEP-20 tokens on the Binance Smart Chain platform. 

Binance Smart Chain (BSC) is a blockchain platform with the ability to run smart contracts. It works in tandem with Binance Chain, a separate 

platform optimized for ultra-fast trading with much higher transaction throughput.

Binance, one of the largest centralized cryptocurrency exchanges, launched Binance Chain back in 2019 to support its decentralized version of the exchange, Binance 

. Binance Chain was explicitly designed for fast and non-custodial (decentralized) trading. It came with a native utility token called 

, with a fixed supply of 200 million BNB tokens. 

However, Binance Chain doesn’t provide enough flexibility, due to a lack of support for smart contracts. This lack of flexibility was an intentional system design approach to prevent network congestion. 

If a platform is optimized for fast, non-custodial trading, the ability to host and run smart contracts can bring a lot of congestion to the network. A famous example which validates this statement 

 the blockchain game CryptoKitties, which chocked the entire Ethereum network at the height of its popularity. 

 was launched, a programmable smart contract blockchain platform that runs parallel to the Binance Chain. BSC is fully compatible 

 Ethereum Virtual Machine (EVM), so the developers can migrate their existing EVM-based applications directly to the BSC platform. 

Even though BSC runs parallel to the Binance Chain platform, it shouldn’t be categorized as a 

 scalability solution. BSC is an independent and stand-alone blockchain that can keep running even if the Binance Chain goes offline. 

Since BSC is EVM-compatible, developers can not only port their DApps in a frictionless way, but the users can use their favorite tools like 

 to interact with BSC. This native compatibility will help BSC to take advantage of the rich Ethereum ecosystem that exists today. 

(PoS) consensus algorithm, and achieves ~3-second average block time that makes it much faster than Ethereum. With PoSA, validators secure the network by staking their BNB coins. Validators also receive transaction fees accumulated from every block they validate. 

It’s worth noting that there are no block rewards for validators. They can only stake BNB tokens and accumulate transaction fees of the blocks they validate on the network. BNB is a deflationary token, as it comes with a fixed supply, and the Binance team regularly carries out coin burns.

 with cross-chain compatibility. These platforms complement each other. Users can seamlessly and quickly transfer assets across both chains using a supported wallet, like Binance Chain Wallet or Trust Wallet. 

Another important aspect of major assets such as BTC, ETH and others is that they are already on Binance Chain as 

(BNB tokens pegged to external assets). You can seamlessly transfer these pegged coins to BSC and use them in various DApps on the BSC platform.

BEP-20 is a Binance Smart Chain token standard that extends Ethereum’s ERC-20 standard. BEP-20 defines a framework and a set of rules that BSC-based tokens have to follow. BEP-20 is fully compatible with both ERC-20 and Binance Chain BEP-2 token standards. 

The BEP-20 token standard applies to all kinds of tokens that will launch on the BSC platform, such as tokenized securities and stablecoins. Peggy Coins, which are BEP-20 tokens pegged to other crypto assets such as BTC and LINK, also follow the BEP-20 token standard. 

The transaction fees for all the BEP-20 tokens are paid with BNB, the native token of the Binance Chain. This mechanism is part of the PoSA consensus rules and provides an incentive to the validators, as they accumulate transaction fees for the blocks they validate on the BSC network. 

Since Binance Chain and BSC complement each other and run in tandem, BEP-20 tokens can be used on the Binance Chain for fast trading on the Binance DEX platform. However, BEP-20 versions of the pegged tokens outside the Binance ecosystem need to be swapped for their native asset because the cross-chain interoperability is only between Binance Chain and BSC. 

Creating your BEP-20 token is relatively simple and straightforward, even if you don’t have any prior programming experience. 

 provides an intuitive user interface for creating your BEP-20 tokens. You only need to provide the name of your token, a symbol, and a few other parameters to successfully create your BEP-20 token. 

Let’s briefly discuss these parameters for a better understanding of the BEP-20 token standard.

 — This parameter specifies whether the BEP-20 tokens can be burned to decrease the supply over time, making it deflationary. 

 — This parameter is opposite to Can Burn, and it specifies whether new BEP-20 tokens can be minted to increase the supply over time, making it inflationary. 

 — This parameter is crucial in case of a malicious attack or software vulnerability. It specifies whether all the operations associated with your tokens can be paused when needed. Only the creator of a token or an address with necessary permission can pause all the operations. 

This parameter is similar to Can Pause. It gives you the ability to blacklist specific addresses that are acting maliciously. Both of these parameters give a lot of control to the central authority (the creator), so they won’t be suitable for many use cases. 

Once all the parameters are specified and the token is generated, you will have complete ownership of the token, and it will be disbursed to your specified address. The smart contract for the token will be automatically published to BSC, and you only need to pay the required transaction fees. 

There are many programmable blockchain platforms with the ability to run smart contracts, and each one has a different token standard. This section will compare BEP-20 with two of the most prominent and leading token standards available today: ERC-20 and BEP-2. 

BEP-20 and ERC-20 token standards have many similarities. BEP-20 is an extended version of the ERC-20 standard and has the same functions for providing foundational elements, such as token issuance, token transfer and ownership. 

Binance has recently introduced a cross-chain bridging service called the 

 which provides interoperability between different blockchains. The project currently supports cross-chain transfers for ERC-20 and TRC-20 tokens. 

With Binance Bridge, you can convert your native crypto assets to BEP-2 or BEP-20 tokens. Let’s explain this with the following example: If you’re transferring ERC-20 stablecoin to BSC, Binance Bridge will do the cross-chain conversion, from ERC-20 to BEP-2/BEP-20 tokens, which can be used on either Binance Chain or DApps running on BSC. 

Binance Bridge charges no conversion fees, and you only have to pay the network fees of the associated blockchain for the transaction. You have to be a little patient while waiting for conversion because it takes a few minutes.

This process of conversion from the native blockchain (ERC-20) to BEP-20 is called 

. This conversion also works in the opposite direction (called 

), i.e., converting back from BEP-20 to the native blockchain (ERC-20). A compatible wallet such as Binance Chain wallet or MetaMask is needed to complete the Peg-in and Peg-out process.

BEP-2 is the token standard on Binance Chain. The BEP-20 and BEP-2 standards work in parallel, and they are fully compatible with each other. BNB, the native token of both Binance Chain and BSC, fuels the BEP-20 and BEP-2 across the network.

Binance Smart Chain can be thought of as an extension of the Binance Chain. They both follow the dual-chain architecture and are fully interoperable with each other. Users can easily swap BEP-20 tokens from the BSC with BEP-2 tokens on the Binance Chain right from their supported wallet (Binance Chain Wallet, Trust Wallet). 

Even though Binance Chain and BSC work in parallel, you have to use their native tokens. If you’re on Binance Chain or Binance DEX, you can only use BEP-2, and if you’re interacting with a DApp on BSC, you can only use BEP-20 or a wrapped implementation (pegged assets). 

The Binance Bridge Project also provides cross-chain liquidity on Binance Chain and Binance Smart Chain. Users can easily Peg-in and Peg-out their BEP-20/BEP-2 wrapped assets. The swapping between BEP-20 and BEP-2 happens seamlessly right from the supported wallet. 

The Binance Smart Chain ecosystem is flourishing, and the platform is getting enormous amounts of traction. This section will discuss some of the most prominent and popular BEP-20 tokens launched on the BSC platform. 

Peggy Coins are a class of BEP-20 tokens on the BSC platform which are pegged and fully backed 1:1 crypto assets. As of this writing, there are a total of 34 most-popular pegged BEP-20 tokens available on the BSC platform, including ETH, BTC, USDT, LTC and ADA. 

Users can either purchase these pegged tokens or swap them with their existing tokens to use on the BSC platform. Additionally, users can redeem these pegged tokens to the native crypto assets. Many 

 DApps are launching on the BSC platform, and these pegged tokens allow users to interact with them and benefit from their offerings. 

 is by far the single most popular DApp on the BSC platform, with a market cap surpassing $5.17 billion as of writing. Think of PancakeSwap as a BSC counterpart of Ethereum’s 

 (DEX) that allows users to swap BEP-20 tokens. Unlike centralized exchanges like Binance, PancakeSwap doesn’t use the traditional order-book mechanism to execute trades. Instead, it uses liquidity pools and the Automated Market Maker (AMM) model to execute trades in a decentralized manner. 

Liquidity Providers (LPs) provide funds to the liquidity pool and earn LP tokens as a reward. Using LP reward tokens, liquidity providers can farm 

, a BEP-20 governance token of PancakeSwap. They can further stake their CAKE tokens into PancakeSwap 

 is another decentralized exchange on the BSC platform, with total 

 surpassing $3.5 billion as of writing. It might sound similar to PancakeSwap, but it comes with more enhanced features, such as an 

Supermarket, BakerySwap Launchpad, and NFT Combo pool.

Like PancakeSwap, BakerySwap is a decentralized exchange that uses Automated Market Maker (AMM) and liquidity pools instead of a traditional order-book mechanism. Liquidity providers earn LP tokens as rewards, according to their share of the pool. By using their LP tokens, liquidity providers can farm BAKE, a BEP-20 governance token of BakerySwap.

BakerySwap also comes with an NFT Supermarket where you can buy and trade different non-fungible tokens. BakerySwap also has a dedicated launchpad where you can get early access to newly launched NFT projects on the BSC platform. 

Getting BEP-20 tokens is as simple as obtaining any other token. Here are four different ways you can get hold of some BEP-20 tokens: 

 — Binance is one of the biggest centralized crypto exchanges. You can create an account there, search for your desired BEP-20 token and purchase it either with fiat or crypto. 

 — Binance DEX is the decentralized version of the Binance crypto exchange. You can use Binance DEX to discover and buy promising BEP-20 tokens in a non-custodial environment. 

 most popular multicurrency wallet available on the market today. You can discover and purchase BEP-20 tokens right from your Trust Wallet interface, which is super convenient. 

 — You can also use an AMM-based decentralized exchange to accumulate BEP-20 tokens by swapping your existing crypto assets supported on PancakeSwap. 

Storing your BEP-20 tokens is as easy as it can get. All you need is a wallet that supports BEP-20 tokens. Here are three different ways you can store your BEP-20 tokens: 

 — Even though Metamask is a popular Ethereum wallet, you can connect Metamask with BSC and store your BEP-20 tokens. 

 is a decentralized multicurrency wallet. With Trust Wallet you can send, receive, store, swap and purchase BEP-20 tokens without even leaving the app’s interface. 

 — Binance Chain Wallet comes as a browser extension available on 

. It is super easy to use and helps you store BEP-20 tokens and interact with DApps on the BSC platform. 

Binance Smart Chain was launched back in May 2020. Since then, it has gained significant momentum, and we can see a lot of promising DApps with BEP-20 tokens on the platform already. 

With low fees and high transaction throughput, BEP-20 tokens provide a much better alternative to Ethereum’s ERC-20 counterpart. Seamless swapping between BEP-20 and BEP-2, along with BEP-20 versions of the pegged assets, can be game changers for the entire ecosystem. 

What Are BEP-20 Tokens and BEP-20 Standard?

Compete for 2,500 USDT USDT Every Week

What Are BEP-20 Tokens and BEP-20 Standard?

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards