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Transactions on Binance Smart Chain Reaches new High

Binance Smart Chain, has attained a new all-time high of 9.198million in daily transactions. Although the continuous rise in daily transactions had started in the previous month when it handled over 7 million transactions daily, however, the 9.169 million handled on May 3rd was significant as it is a new ATH for the exchange-backed network.

It is important to note that the daily transactions currently settled by Binance Smart Chain are higher than that of the Ethereum’s network which handles approximately 1.5 million daily transactional activity in the past two weeks.

In addition, available data have also shown that there is a rise in the number of BSC unique addresses. The number of addresses on the smart chain are over 70 million.

Currently, BNB is at the receiving end of the growing daily transactional activity and unique addresses (network activity) being seen on BSC as it directly affects the demand, growth, and value of the exchange’s coin, BNB, in the crypto market.

Proof of high demand for BNB coin was seen in the customers’ experience on Simplex exchange today when the exchange’s team apologized to customers and blamed the surge in BNB for its network delay.

As of press time, Binance token is trading around $660, with a market cap of over $104 billion, ranking it the fourth largest crypto asset by market cap.

Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
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