Home Exchange News Binance Smart Chain Surged with Daily Active Addresses

Binance Smart Chain Surged with Daily Active Addresses

  • BNB Chain daily active addresses surged by 30% in QoQ.
  • BNB Smart Chain unique addresses reached an all-time high of 250 million.

Despite the last year’s bearish momentum, Binance native blockchain BNB Chain has continued to demonstrate strong activity growth in the fourth quarter of 2022. According to Messari, a blockchain research platform report, the average daily active addresses and transactions on BNB Chain have been pushed hard and climbed by 30% and 0.2% due to the continuing advancements and developments.

BNB Chain Daily Active Address Chart (Source: Messari)

Since mid-June, the number of daily transactions on the BNB Chain has been stable at about 3 to $3.5 million, as per BscScan data. Also, this year there has been a spike in daily BEP-20 token transfers, with a 66% increase to slightly more than 5 million on February 5.

Additionally, the number of BNB Smart Chain unique addresses has reached an all-time high of 250 million. On average, new unique addresses per day increased by 41.3% yearly. Further, BNB Chain DeFi total value locked (TVL) has climbed by around 20% since the start of the year to reach $5.03 billion, as per TVL aggregator DeFiLlama

BNB Price Track

Despite the FTX collapse and negative price movement, the Q4 report showed that BNB Chain’s ecosystem and network are still expanding and strong. However, the world’s largest crypto exchange Binance native token BNB price soared over 25.5% in a month and has a 24-hour trading volume of $872 million. 

While the global cryptocurrency market recovering from the prolonged bearish trend, BNB traded at $326 with a market cap of $43 billion, as per CoinGecko data. BNB has surged around 8% in the last two weeks and 3% in the last 7 days. 

Meanwhile, BNB decreased by 3% in the last 24 hours along with the market king Bitcoin (BTC), which declined to the $22K mark on the weekend. At the time of wring, BTC traded at $22,791, which dropped by 2.5% in a day. 

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