BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

BNB Chain is 4X More Active than Ethereum, Polygon

by Chiwuike Owunwa
Dec 19, 2022 - 12:00 am
in Blockchain
BNB Chain is 4X More Active than Ethereum

On the 18th of December 2022, Token Terminal on Twitter shared a chart that showed the BNB chain as the busiest compared to Ethereum or polygon. Having a daily active user range of 1.1 million.

Daily active users in web3 👥⤵️

🥇 BNB Chain ~1.1m
🥈 Polygon ~394.5k
🥉 Ethereum ~344.6k
4⃣ Solana ~120.3k
5⃣ Fantom ~58.2k
6⃣ Arbitrum ~58k
7⃣ OpenSea ~54.4k
8⃣ Optimism ~49.3k
9⃣ Uniswap ~44.5k
🔟 Avalanche ~30k

How do these figures convert into fees paid by users? 🧵⤵️ pic.twitter.com/O6G2osoB55

— Token Terminal (@tokenterminal) December 18, 2022

Binance, the largest centralized crypto exchange in the world, has been subject to Fear, Uncertainty, and Doubt since the FTX crash. And this has contributed to the recent BNB price crash, going as low as $222 on Saturday, the 17th of December. Despite this, however, the BNB chain has been extremely busy. This might be attributed to it’s easy onboarding and liquidity features.

The activities of the BNB chain stood out among others and may lay the basics for the BNB chain’s recovery. The question on the minds of so many BNB users is, thus, can the BNB token price recover because of increased activities on the BNB chain?

Taking the Token Terminal statistics into account, the number of users utilizing the BNB chain every day is continuously increasing. According to the figures, the company routinely attracted over a million customers daily. Since BNB tokens are utilized in all chain transactions, their value will always be backed by the underlying value of its blockchain.

As a result, the token may now serve purposes other than being a repository of wealth.

Another data that might be acquired was the fees these users had paid. Even if the fees looked to have fallen owing to the changes in the token’s value, it showed inherent usefulness. This meant that the token would always be valuable since the chain would continue to exist. This was true for the token as well as its holders.

The charts showing the fees paid per user were shared in an attempt to show how accurately the charts represent actual users. The fee data also shows a remarkable difference between BNB and Ethereum. This shows the accuracy of CZ’s words. Binance is not afraid of the FUD, so they would ignore it and continue building.

Daily charts on BNB’s spot price also show that the token has begun to recover from its nose-dive trend. The token is selling at $248, a major improvement from $222 on Saturday. But BNB is still volatile at this time, and the improvement on the spot price is still bearish.

Some users still believe that Binance would go the way of FTX. While others are completely bullish for BNB.

Tags: BNBEthereumPolygon
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

Metaplanet and Bitcoin Magazine logos, symbolizing their new partnership to expand operations in Japan.

Japan Moves Toward Allowing Banks to Buy Bitcoin Under New Regulatory Framework

October 19, 2025

Japan’s regulators are reviewing changes that could let banks buy and hold Bitcoin, signaling a major shift in...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service