Chain Migration

    A chain migration occurs when a blockchain project decides to use a different blockchain protocol. At the moment, the majority of decentralized finance (DeFi) projects are built on the Ethereum blockchain. Chain migration would be a DeFi protocol on the Ethereum blockchain migrating to the BNB Smart Chain with all of its product and service offerings. Chain migrations occur for a variety of reasons, including moving to a chain with lower fees or better throughput, changes in company direction, or desired changes in tokenization standards (e.g., from ERC-20 to BEP-20).