BNB Chain Daily Transactions Hit Year-End High

22nd of May 7DMA the number of transactions in the BNB Chain blockchain reached the maximum since May 2022 4.8 million. Such data leads The Block.

By this metric, BNB Chain is ahead of other EVM networks.

Arno Bauer, senior architect of blockchain solutions for the project, explained the trend with low fees, high throughput, TPS and popularization of projects in the field of DeFi and games.

“Activities such as issuing NFTs, transferring tokens andairdrops become more attractive with cost-effective transaction fees on BNB Chain,” – explained the specialist.

Bauer predicted that the trend would continue due to additional opportunities for both projects and end users.

“On the one hand, teams can use the high performance environment to build robust platforms. With another — users get more incentive to interact in communities due to lower transaction costs”the expert explained.

According to DeFi LlamaDeFi ecosystem BNB Chain deployed 601 dapps (higher only for Ethereum – 791). TVL is $4.6 billion. According to this indicator, the network ranks third with a share of 9.68%.

BNB ranks fourth in terms of cryptocurrency capitalization ($49.5 billion) in the ranking CoinGecko.

Recall that in April, the developers of BNB Chain presented a report on the released updates and talked about the nearest plans to improve the network.

22nd of May 7DMA the number of transactions in the BNB Chain blockchain reached the maximum since May 2022 4.8 million. Such data leads The Block.

By this metric, BNB Chain is ahead of other EVM networks.

Arno Bauer, senior architect of blockchain solutions for the project, explained the trend with low fees, high throughput, TPS and popularization of projects in the field of DeFi and games.

“Activities such as issuing NFTs, transferring tokens andairdrops become more attractive with cost-effective transaction fees on BNB Chain,” – explained the specialist.

Bauer predicted that the trend would continue due to additional opportunities for both projects and end users.

“On the one hand, teams can use the high performance environment to build robust platforms. With another — users get more incentive to interact in communities due to lower transaction costs”the expert explained.

According to DeFi LlamaDeFi ecosystem BNB Chain deployed 601 dapps (higher only for Ethereum – 791). TVL is $4.6 billion. According to this indicator, the network ranks third with a share of 9.68%.

BNB ranks fourth in terms of cryptocurrency capitalization ($49.5 billion) in the ranking CoinGecko.

Recall that in April, the developers of BNB Chain presented a report on the released updates and talked about the nearest plans to improve the network.