Weekly Analysis of Binance Ecosystem (July 15 – 21)

A look into BNB Chain performance and Binance ecosystem updates from July 15-21.

BNB Chain Key Data Highlights

Here are some key metrics of BNB Chain’s performance between July 15 and 21:

Weekly Active Users: Within the period under review, the index for the Weekly Active Users (WAU) on the BNB network grew by 1% from the 2.97 million addresses recorded the week before. Between July 15-21, BNB Chain drew 3.01 million active users. 

Weekly Transactions: Between July 15-21, a total of 24.5 million transactions were completed on BNB Chain. With the same number of transactions registered the week before, the BNB Chain saw no growth on this front.

Average Daily Transactions: With 3.07 million recorded in average daily transactions on the BNB chain between July 15-21, the index for this growth metric declined by 20% from the 3.70 million recorded in the week before.

Average Gas Fee: For all transactions executed on the BNB chain between July 15-21, the average gas fee was pegged at 0.00081 BNB, a 6% decline from the 0.00076 recorded the week before.

BNB Chain and Binance Ecosystem Update

In the period under review, many developments occurred in the Binance ecosystem and on BNB chain, including the launch of the New MetaTrader 5 (MT5), the “Mystery by Franck Muller” Mystery Box Collection, the launch of Music Mania, and more.

Meet the All-New MetaTrader 5 (MT5)

On July 19, Binance Link announced the launch of a new in-house gateway for MetaTrader 5 (MT5) brokers. According to the blog post, the new gateway was developed to allow brokers to set up a direct connection from their external MT5 server to Binance’s liquidity.

The “Mystery by Franck Muller” Mystery Box Collection

 On July 20, Binance NFT Marketplace launched the “Mystery by Franck Muller” Mystery Box Collection. The NFT collection features new limited-edition timepieces from Franck Muller wrist watches. In addition, holders of these NFTs will have access to exclusive NFT utilities, which include physical Franck Muller timepieces, Apple Watch faces, wearable NFT watches for metaverses, and access to Franck Muller’s private events in Dubai, Miami, and Singapore.

Music Mania

BNB Chain announced the launch of Music Mania on July 20. According to the blog post, Music Mania is a campaign wherein users can participate in a series of outlined activities and own their music NFT as a reward for their participation. 

Price Performance

Per data from Santiment, the BNB coin price rallied by 8% between July 15-21. In the same period, the coin’s trading volume grew from 1.15 billion to 1.22 billion. Also, the coin’s market capitalization rose from $38.96 billion to $42.41 billion. 

Source: Santiment

Source : bsc.news

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