While the broader cryptocurrency market faces strong selling pressure, Binance’s native BNB coin has given a 6% surge in the last 24 hours with trading volumes jumping by a staggering 80% to more than $2.54 billion. At press time, Binance Coin (BNB) is trading at $375 with a market cap of $56.11 billion.
BNB Chain Crosses 1 Million Active Users
On Wednesday, February 21, the BNB Chain blog published a report – “BNB Chain & the Web3 Blueprint” – stating that the blockchain network has surpassed 1.2 million active users. This comes despite Binance’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) over the last few months. In the last four years, the total number of active users on the BNB chain has jumped by six times.
Courtesy: BNB Chain
Throughout 2023, BNB Chain made significant strides, particularly amid heightened activity and a positive shift in the market cycle. Binance Smart Chain, the layer of the BNB ecosystem where smart contracts ar
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