Daily Active Addresses on BNB Chain Spikes to New High

Binance Coin (BNB) has recorded a new milestone with the volume of transactions on the BNB Chain surpassing 500 million. Judging by this figure, it has now secured the position of second blockchain with the largest transaction count, overtaken only by Solana, which had recorded a 1.8 billion transaction count.

BNB Chain Excel at Key Metrics

 The BNB Chain has seen the number of daily active addresses on its blockchain climb to a new high. Nansen, an on-chain analytics platform, noted that sender-only active addresses on BNB Chain climbed to 3.46 million on Monday. This was 0.02 million more than the previous record of 3.44 million registered in December 2023. 

In addition, Nansen stated that the number of successful transactions on the BNB Chain surpassed 500 million. This marks a 151% increase from the previous 30-day period.

In terms of active addresses in the last year, BNB Chain has secured the third with nearly 200 million active addresses. With this figure, it is quite close to outperforming Base, the popular Layer-2 network. Again, Solana topped the list with about 1.3 billion active addresses over the last year. 

BNB Price Fluctuates Below $1,300

Coincidentally, BNB, which was nicknamed “the new kid in the block” by Ark Invest’s Cathie Wood, has seen its price spike. 

Although it has also recorded some fluctuations that have kept the coin’s price below $1,300. According to CoinMarketCap data, BNB price is currently at $1,217.55, with a 4.42% dip within the last 24 hours.

The coin had attained a new All-time High (ATH) on Monday, bringing excitement to the broader cryptocurrency ecosystem. However, this was short-lived as Donald Trump announced 100% tariffs for China trade on October 10. This led to a financial crisis that saw prices of assets drop significantly. 

BNB Ecosystem in the Spotlight 

Meanwhile, China Renaissance Bank is looking to launch a big crypto fund, with hopes of raising to $600 million to invest in BNB. 

On this premise, it has received support from a number of top investors, including CZ’s YZi Labs. This underscores the growing interest among key players in the financial industry, especially those in the digital asset space.

It is worth noting that YZi Labs had earlier committed a $1 billion builder fund to support projects built on the BNB Chain. 

The fund is to focus on key areas that will drive the next stage of blockchain growth. This includes trading, real-world asset (RWA) tokenization, artificial intelligence (AI), decentralized science (DeSci), decentralized finance (DeFi), payments, and wallets.