BNB Chain continues to show signs of healthy growth in terms of activity and users despite the difficult macro economic environment.
October BNB Chain Data Analysis
Remarkable data points for October:
- The average quantity of BNB transactions per day increased by 4.05%
- The average quantity of blocks per day decreased by 3.07%
- The largest number of daily transactions increased by 7.23%
- The average size of blocks mined per day decreased by 3.07%
- The average BNB Chain gas price increased by 0.7%
- The average quantity of unique active wallets per day increased by 18.8%
BNB Chain saw overall growth in network activity and active users, as shown by the gradual increase in gas price plus the number of active wallets. The increase in transactions also shows that these new users are increasingly interacting with the chain.
As BNB Chain continues to be the most active blockchain, the increasing activity is a positive sign for the bear market.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFi, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.