{"id":542782,"date":"2023-07-15T09:28:27","date_gmt":"2023-07-15T09:28:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542782"},"modified":"2023-07-15T09:28:27","modified_gmt":"2023-07-15T09:28:27","slug":"bnb-chain-enjoys-soaring-user-activity","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bnb-chain-enjoys-soaring-user-activity\/","title":{"rendered":"BNB Chain Inks New Record With Soaring User Activity – A Boost For Price?"},"content":{"rendered":"

BNB Chain, the blockchain platform powering the Binance ecosystem, has recently emerged as a formidable force in the crypto world, surpassing its competitors in terms of daily active users. This surge in user engagement has coincided with a surge in the value of the BNB token, which has experienced a steady increase of over 5% within a single week.\u00a0<\/span><\/p>\n

As BNB’s daily active users continue to soar, one can’t help but question the overall impact of this unprecedented growth. What lies behind BNB’s ability to outshine its rivals and attract a growing user base? Is there a hidden catalyst propelling its value upwards?\u00a0<\/span><\/p>\n

Moreover, as these metrics diverge from the norm, skeptics begin to raise valid concerns about the sustainability and potential risks associated with BNB’s rise.<\/span><\/p>\n

BNB Chain Surpasses BTC, ETH In Daily Active Users<\/strong><\/h2>\n

In the ever-evolving landscape of blockchain technology, BNB Chain has recently achieved a significant milestone, surpassing renowned chains such as Bitcoin (BTC) and Ethereum (ETH) in terms of daily user activity. According to a <\/span>BNB analysis<\/span><\/a>, the chain secured the second position, solidifying its position as a formidable player in the crypto world.<\/span><\/p>\n

Related Reading: Cardano Development Activity Dropping \u2013 What Does It Mean For ADA Price?<\/a><\/div>\n

Token Terminal’s data<\/span><\/a> also revealed that BNB Chain boasts an impressive count of over 1 million daily active users, a testament to the platform’s growing popularity and appeal. This notable achievement is even more remarkable considering the longstanding dominance of Bitcoin and Ethereum, which have traditionally held the top positions in the cryptocurrency market.<\/span><\/p>\n

\"\"<\/p>\n

Source: Token Terminal<\/pre>\n

The <\/span>BNB token<\/span><\/a> has also made waves in the market. Currently priced at $248.78, it experienced a slight setback with a 3.5% slump in the past 24 hours. However, the token quickly bounced back with a decent 5.4% increase in the last week.<\/span><\/p>\n

\"\"<\/p>\n

Source: CoinMarketCap<\/pre>\n

Mixed Signals<\/strong><\/h2>\n

While the BNB Chain has garnered widespread enthusiasm and positioned itself as a competitive player in the crypto market, recent data from Santiment reveals a nuanced picture. Despite the chain’s impressive user base, as measured by daily active addresses, the level of excitement appears to be relatively consistent without any notable spikes, according to <\/span>Santiment’s analysis<\/span><\/a>.<\/span><\/p>\n

\"\"<\/p>\n

 <\/p>\n

Source: Santiment<\/pre>\n
Related Reading: Optimism (OP) Rides The Wave Of Today\u2019s Crypto Surge With 15% Rally<\/a><\/div>\n

When examining the Total Value Locked (TVL) metric, which indicates the amount of assets held within a blockchain protocol, BNB Chain falls behind Ethereum and Tron, occupying the third position. As of the latest data, the TVL for BNB Chain stands at approximately $3.4 billion, highlighting room for growth in this area.<\/span><\/p>\n

<\/p>\n

Total cryptocurrencies market cap at $1.18 trillion. Chart: TradingView.com<\/a><\/pre>\n

Similarly, the stablecoin market cap on the BNB Chain has exceeded $5 billion. However, Santiment’s charts indicate that both the TVL and market cap metrics have yet to exhibit a significant upward trend, despite the chain’s growing user base. This suggests that while BNB Chain boasts a higher number of active users, the overall TVL and market cap have not fully reflected this growth.<\/span><\/p>\n

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n

Featured image from <\/span>Gadgets 360<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

BNB Chain, the blockchain platform powering the Binance ecosystem, has recently emerged as a formidable force in the crypto world, surpassing its competitors in terms of daily active users. This surge in user engagement has coincided with a surge in the value of the BNB token, which has experienced a steady increase of over 5% within a single week.\u00a0 As BNB’s daily active users continue to soar, one can’t help but question the overall impact of this unprecedented growth. What lies behind BNB’s ability to outshine its rivals and attract a growing user base? Is there a hidden catalyst propelling its value upwards?\u00a0 Moreover, as these metrics diverge from the norm, skeptics begin to raise valid concerns about the sustainability and potential risks associated with BNB’s rise. BNB Chain Surpasses BTC, ETH In Daily Active Users In the ever-evolving landscape of blockchain technology, BNB Chain has recently achieved a significant milestone, surpassing renowned chains such as Bitcoin (BTC) and Ethereum (ETH) in terms of daily user activity. According to a BNB analysis, the chain secured the second position, solidifying its position as a formidable player in the crypto world. Related Reading: Cardano Development Activity Dropping \u2013 What Does It Mean For ADA Price? Token Terminal’s data also revealed that BNB Chain boasts an impressive count of over 1 million daily active users, a testament to the platform’s growing popularity and appeal. This notable achievement is even more remarkable considering the longstanding dominance of Bitcoin and Ethereum, which have traditionally held the top positions in the cryptocurrency market. Source: Token Terminal The BNB token has also made waves in the market. Currently priced at $248.78, it experienced a slight setback with a 3.5% slump in the past 24 hours. However, the token quickly bounced back with a decent 5.4% increase in the last week. Source: CoinMarketCap Mixed Signals While the BNB Chain has garnered widespread enthusiasm and positioned itself as a competitive player in the crypto market, recent data from Santiment reveals a nuanced picture. Despite the chain’s impressive user base, as measured by daily active addresses, the level of excitement appears to be relatively consistent without any notable spikes, according to Santiment’s analysis.   Source: Santiment Related Reading: Optimism (OP) Rides The Wave Of Today\u2019s Crypto Surge With 15% Rally When examining the Total Value Locked (TVL) metric, which indicates the amount of assets held within a blockchain protocol, BNB Chain falls behind Ethereum and Tron, occupying the third position. As of the latest data, the TVL for BNB Chain stands at approximately $3.4 billion, highlighting room for growth in this area. Total cryptocurrencies market cap at $1.18 trillion. Chart: TradingView.com Similarly, the stablecoin market cap on the BNB Chain has exceeded $5 billion. However, Santiment’s charts indicate that both the TVL and market cap metrics have yet to exhibit a significant upward trend, despite the chain’s growing user base. This suggests that while BNB Chain boasts a higher number of active users, the overall TVL and market cap have not fully reflected this growth. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Gadgets 360<\/p>\n","protected":false},"author":557,"featured_media":542816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87132,86483,1144,8686,4735],"class_list":["post-542782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bnb-chain","tag-bnb-price","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nBNB Chain Sets New Records With Soaring User Activity<\/title>\n<meta name=\"description\" content=\"BNB Chain, the blockchain platform powering the Binance ecosystem, has recently emerged as a formidable force in the crypto world, surpassing its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BNB Chain Inks New Record With Soaring User Activity – A Boost For Price?","url":"http:\/\/ktsl888.com\/news\/bnb-chain-enjoys-soaring-user-activity\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bnb-chain-enjoys-soaring-user-activity\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-94.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-94.png?fit=855%2C394"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bnb chain","bnb price","btcusd","ethusd","price action"],"dateCreated":"2023-07-15T09:28:27Z","datePublished":"2023-07-15T09:28:27Z","dateModified":"2023-07-15T09:28:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Chain Inks New Record With Soaring User Activity – A Boost For Price?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bnb-chain-enjoys-soaring-user-activity\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bnb-chain-enjoys-soaring-user-activity\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-94.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-94.png?fit=855%2C394\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bnb chain\",\"bnb price\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-07-15T09:28:27Z\",\"datePublished\":\"2023-07-15T09:28:27Z\",\"dateModified\":\"2023-07-15T09:28:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-94.png?fit=855%2C394","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542782"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=542782"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/542816"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=542782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=542782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=542782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}