BNB Smart Chain Overview

When working with BNB Smart Chain, the fast, low‑fee blockchain built by Binance that runs the Ethereum Virtual Machine. Also known as BSC, it enables developers to launch DeFi apps, NFTs, and more without paying Ethereum‑level gas costs.

One core piece of the ecosystem is the BEP-20 token, a token standard on BNB Smart Chain that mirrors Ethereum's ERC‑20. BEP‑20 defines how tokens behave, how wallets read them, and how exchanges list them. Because BEP‑20 shares the same interface as ERC‑20, developers can port projects over with minimal changes, and users enjoy seamless swaps across chains.

Another pillar is Decentralized Finance (DeFi), the suite of financial services like lending, borrowing, and yield farming that run on smart contracts. DeFi on BNB Smart Chain leverages low transaction fees to offer higher returns than many Ethereum‑based platforms. This relationship creates a feedback loop: more DeFi projects attract more BEP‑20 tokens, which in turn fuel further DeFi growth.

To actually trade those tokens, users rely on Decentralized Exchanges (DEX), smart‑contract driven platforms that match buyers and sellers without a central order book. DEXs on BNB Smart Chain benefit from BEP‑20 compatibility and EVM support, delivering fast swaps and low slippage. The availability of reliable DEXs makes the chain attractive for both traders and liquidity providers.

All these pieces—BNB Smart Chain, BEP‑20 tokens, DeFi apps, and DEXs—form an interconnected web. BNB Smart Chain encompasses DeFi applications, requires the BEP‑20 token standard, and influences how DEXs operate. Understanding each component helps you spot opportunities, avoid common pitfalls, and decide which tools fit your strategy. Below you’ll find a hand‑picked collection of guides, reviews, and deep dives that walk you through everything from token mechanics to exchange safety, so you can dive in with confidence.