BNB Chain Breaks Records with 51.6 Million Monthly Active Addresses
BNB Chain, the blockchain powering Binance’s native token (BNB), achieved a significant milestone on September 17th as monthly active addresses surged to 51.6 million, surpassing previous all-time highs. This growth in activity coincides with a notable increase in network metrics, with fees collected on the chain soaring by over 24% to $13.2 million in the past 30 days. Additionally, revenue spiked by 23% to $1.4 million, indicating heightened user engagement on the network.
The rise in on-chain activity positions BNB Chain among the top three layer 1 networks, with a transaction count of 9.2 billion. The network currently supports over 1,095 projects spanning various sectors such as DeFi, gaming, and NFTs, with a total value locked in (TVL) of $7.68 billion.
Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain, attributes this growth to a robust user base of 4 million daily active users and more than 625 million unique addresses. He also highlights deep global liquidity, with over $11 billion in TVL and stablecoin circulation. The team’s goal is to provide a seamless transaction experience with lightning-fast confirmations in under 150 milliseconds, aiming to establish BNB Chain as a settlement layer and financial infrastructure for all assets.
The surge in BNB Chain’s market value saw the token reach a new all-time high of $962, driven in part by announcements from Binance founder Changpeng Zhao. Zhao unveiled plans for a $1 billion BNB Treasury Company, backed by YZi Labs, to support top institutional projects. Speculation has also arisen regarding Zhao’s potential return to Binance, as indicated by changes to his social media profiles.
Despite stepping down as CEO nearly two years ago, Zhao’s recent activities have sparked rumors of his comeback. The token’s value peaked at $1,000 on September 18th, setting a new historical milestone for the BNB Chain ecosystem. As of the latest data, BNB is trading around $989, marking a 3.7% increase in the past 24 hours and a 10% rise over the week.
As BNB Chain continues to expand its user base and enhance its network capabilities, the future looks promising for this thriving blockchain ecosystem. Stay tuned for more updates on BNB Chain’s latest developments and innovations.