Binance Smart Chain Growth

Binance Smart Chain Daily Transaction Count Grows by 92% in One Month

JOHN P. NJUI   •   BINANCE (BNB) NEWS   •   JULY 23, 2021

  • The daily transaction count on the Binance Smart Chain has increased by 92% in one month
  • Active daily addresses on the Binance Smart Chain have increased by 33% in the same time period
  • Dapps on the Binance Smart Chain are growing with games and play-to-earn applications leading the rest in unique wallet interactions
  • 4 of the top 5 games on the Binance Smart Chain have seen remarkable growth in unique active users

Daily transactions on the Binance Smart Chain have grown by 92% in the last month. The daily transaction count on the Binance Smart Chain currently stands at 6.043 million up from the June 26th lows of 3.150 million. The chart below, courtesy of BSCScan.com further demonstrates the resurgence in daily transaction activity on the Binance Smart Chain.

During the same time period, the number of daily active addresses on the Binance Smart Chain has also increased by 33%. At the time of writing, there are roughly 630k daily active addresses on the Binance Smart Chain compared to 474k on June 26th. The chart below, courtesy of BSCScan.com provides a visual cue of a resurgence in the daily address activity on the Binance Smart Chain.

Gaming and Play-to-Earn Dapps have Grown on the Binance Smart Chain

The growth in address activity on the Binance Smart Chain has also been observed by the team at DappRadar who pointed out that four of the top 5 games on the BSC have seen a remarkable increment in unique active wallets.

According to their analysis, games on the Binance Smart Chain are becoming particularly popular as explained in the following statement and accompanying screenshot of data highlighting the Dapps with the most user activity.

Games on Binance Smart Chain, often offering a play-to-earn or financial incentive, are becoming increasingly popular. CryptoBlades, My Defi Pet, Mobox and DungeonSwap have all seen their user base increase over the past 7 days.

Binance Smart Chain is Becoming a Big Development Ground

In their concluding remarks, the team at DappRadar stated that Binance Smart Chain is ‘actively becoming a big development ground’ as more usres and developers turn to blockchain-based games due to their play-to-earn mechanics. As a result, the current growth of games and play-to-earn Dapps on the BSC is a sign of bigger things to come.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

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