That’s it ! BNB Chain unique wallets now surpass those of Ethereum. Making the Binance platform blockchain the most important layer 1 blockchain. However, the blockchain teams do not wish to rest on their laurels and intend to continue to develop and improve their solution in 2023!
BNB Chain: Blockchain is growing despite the bear market!
The Binance platform recently communicated that the BNB blockchain is now the largest layer 1 blockchain on the unique wallets parameter. Indeed, by passing the 230 million unique addresses, BNB Chain is now ahead Ethereum.
Despite the bear market, the BNB Chain continues to expand and grow. Last May, the blockchain had to process 9.8 million transactions. A record. Blockchain spokespersons also note that BNB Chain is making significant progress for the democratization of web3. The Binance blockchain also broke records in terms of daily active users. In May, this number reached 2.2 million people.
And to be able to support this growth, the Binance teams are constantly innovating. As Alvin Kan, Director of Growth and Operations at BNB Chain, explains:
Our community has made remarkable progress in the development of blockchain technology. We have launched BNB Sidechain, zkBNB, Binance Oracle, security initiatives such as AvengerDAO, among others. This has resulted in faster transactions, lower costs and additional capacity, giving manufacturers the confidence to onboard large numbers of users. The BNB Chain team is committed to providing a secure and user-friendly platform for developers and users, marching towards our mission to onboard the next billion users to Web3.
According to Kan, these improvements have several effects: faster processing of transactions, lower costs and more broadly, improving blockchain scalability. Improvements that the Binance blockchain owes in particular to the deployment of BNB Sidechain and zkBNB Testnet.
The year 2022 also saw the blockchain strengthen its position in the universe of NFT and GameFi. In the world of DeFi, the blockchain also continued to develop with a TVL (Total Value Locked) of 7.6 billion dollars in the third quarter of 2022. Other initiatives such as Most Valuable Builder have also brought dynamism and growth to blockchain. Especially because these initiatives have made it possible to enter into new partnerships with Google Cloud, Opensea, Opera or AWS.
The Binance blockchain takes on web3!
The development of web3 is a major component for the majority of large blockchains. And Binance is obviously no exception to this rule. The goal? Seduce a billion users of this decentralized web. Because this objective of one billion users of the web3, Binance has made it its workhorse for months.
The BNB Chain team is committed to providing a secure and user-friendly platform for developers and users, marching towards our mission to onboard the next billion users to Web3.
2023: A busy year for Binance Chain!
And to give itself the means of its ambitions, the blockchain will continue to innovate. The roadmap for the year 2023 is already busy since BNB Chain should launch its main network zkBNB. To support and encourage innovation, the blockchain could also launch several hackathons and meetings between developers. As a representative of the platform points out:
We are determined to make 2023 even bigger and better as we aim to make mass adoption a reality.
Despite the bear market, the Binance teams therefore continue to work hard on their blockchain. If you want more information on the roadmap for the year 2023, it’s this way !