Venus Protocol users have recently borrowed more than $1bn worth of BNB on the platform

BlockBeats, November 30, bsc.news reports that DeFi Venus Protocol users have borrowed more than $1 billion worth of BNB in the past few days. Data shows that since November 23, BNB liquidity pushed the Venus Protocol's APY higher and higher, hitting 60 per cent several times in a few days. Speculation is mounting about the reasons for the surge in lending. Analysts say Binance's release of a certificate of reserves on November 25th has put a premium on BNBS in the BNB Chain ecosystem. Hooked on Binance Launchpad with the launch of Project 29 and OpenSea's integration of the BNB Chain have also contributed to the demand for BNB.