BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Binance Integrates Elrond Network’s ESDT Standard, dApps to Access Bigger Markets

by Dalmas Ngetich
Apr 20, 2022 - 12:00 am
in Blockchain
elrond binance

Binance, the world’s largest cryptocurrency exchange by client count, volumes, and liquidity, has successfully integrated the Elrond Network’s Elrond Standard Digital Token (ESDT) standard.

In an update on April 19, Elrond, a highly scalable blockchain network supporting the deployment of high-profile dApps and enterprises, said the move would allow even more people to discover the rapidly growing Elrond ecosystem.

MASSIVE: @binance enables support for the @ElrondNetwork token standard & adds @UTRUST $UTK as the 1st ESDT.

A major leap forward for the Elrond ecosystem.

Users. Markets. Adoption. Opportunities.

On a new scale.

Just getting started.https://t.co/XdleN9TEkh

— Beniamin Mincu — e/acc 🔥🛠️ (@beniaminmincu) April 19, 2022

According to Beniamin Mincu, the CEO of Elrond, dApps launching on the network would “tap into the biggest markets and the deepest liquidity” and is a massive step forward for the ecosystem.

“The vast user base of our strategic partner will soon be able to explore digital assets operating at an internet-scale, and projects originating on Elrond Network will be able to tap into the biggest markets and the deepest liquidity. This integration is a massive step forward for the entire Elrond ecosystem.”

Following the integration, the UTK token, compliant with the new ESDT standard, is the first to be listed on Binance. The UTK token is native to Utrust–a payments protocol initially deployed on Ethereum before migrating to the low-fee and scalable Elrond Network.

With UTK available for trading in the broad Binance ecosystem, it will be a considerable boost, accelerating DeFi adoption and making blockchain-based payments mainstream.

Unlike Ethereum’s ERC-20 standard, which is a template for creating and issuing smart contracts, the ESDT standard supports the creation of customizable fungible native tokens. Subsequently, the template doesn’t need the virtual machine, meaning native tokens are scalable and fast.

When issuing ESDT tokens, sharding is natively handled and technically invisible to the user.

Tags: Binance
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

Metaplanet and Bitcoin Magazine logos, symbolizing their new partnership to expand operations in Japan.

Japan Moves Toward Allowing Banks to Buy Bitcoin Under New Regulatory Framework

October 19, 2025

Japan’s regulators are reviewing changes that could let banks buy and hold Bitcoin, signaling a major shift in...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service