The number of daily transactions on the Binance Smart Chain
continues to grow at an impressive rate and hit a peak value of 9.168 million on Monday, May 3rd. In addition, the Binance Smart Chain has been handling over 7 million transactions on a daily basis since late April as seen in the following screenshot.To understand the magnitude of the number of daily transactions on the Binance Smart Chain, the blockchain network of Ethereum has been handling approximately 1.5 million daily transactions in the last two weeks.
Therefore, and taking an average of 8 million daily transactions on the Binance Smart Chain, the daily transactional activity on the BSC exceeds that of Ethereum by a factor of 5.33x.
In terms of unique addresses, the Binance Smart Chain now hosts over 70.3 million addresses as highlighted in the following chart.
The increased activity on the Binance Smart Chain as demonstrated through its daily transaction count and unique addresses point towards a bullish environment for Binance Coin (BNB). The high network activity is a confirmation that the demand for Binance Coin (BNB) will keep growing and so will its value in the crypto markets.
One such example of the demand for Binance Coin was witnessed earlier today when the team at Simplex apologized to its customers for delays in its network due to a surge in interest surrounding BNB. The announcement by the team at Simplex can be found below.