BSC News

BNB Chain Prepares to Cross 3 Billion Transactions

The relentless rise of the BNB Chain is unflappable, even as the market endures a pull-back, as users remain attentive and transactions keep moving toward significant highs.

Usage Shows No Sign of Slowing

BNB Chain is preparing to cross the mammoth 3 billion mark in transactions as protocols on the chain continue to attract users and activity even during a market-wide pullback.

The most used chain in the industry took to Twitter to underline the fact that it had crossed the 2.9 billion mark in transactions on May 8. The rising figure becomes even more astounding given that BTC has plummeted to just below the $30,000 mark at the time of writing, according to CoinMarketCap- a figure last seen in the summer of 2021. 

The figure is an achievement and highlights the growing popularity of an ecosystem dedicated to innovation. BSC News caught up with BNB Chain’s Vice President of Marketing, Patrick Degenhardt, to reflect on the milestone:

"This is a new milestone for BNB Chain and the wider Web3 community. The BNB Chain ecosystem is focused on building an accessible and open platform for all builders, with a tried-and-tested infrastructure that handles more transactions and users than practically all other blockchains combined, with no episodes of downtime.” 

Running at around 5.7 million transactions per day, according to BscScan.com, its only matter of a few weeks before we see the milestone achieved. Degenhardt reflected on the lofty aims of the chain and looked ahead toward the broader innovations taking place through the exciting platforms on its ecosystem.

“Our objective as a community is to help the next global wave of blockchain adoption and put the power of blockchain in everyone's hands. With BNB Chain, developers can create scalable Dapps for the masses. This milestone is another evidence that we're on the right track. From a technological standpoint, BNB Chain has a number of exciting developments lined up, which will further speed up blockchain adoption and our ultimate aim of bringing over one billion people to Web3," Degenhardt concluded.
Source

The rise in transactions may have been positively impacted by the burgeoning NFT scene on the chain, with several collections beginning to see a significant upswing in user interest. In addition, the flagship protocol PancakeSwap has also set down its intentions for the coming year, which adds to the longer-term expectations for the chain to keep pushing ahead. BSC News will closely follow developments on the chain to see whether they can keep up the relentless rise in user interest. 

What is BNB Chain:

BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain-powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem. 

For more information on BNB Chain, these links:

Website | Twitter | Discord | Telegram | GitHub |

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