- BNB Chain added a few more dApps to its portfolio.
- BNB’s weekly chart remained in the red, and market indicators supported the bears.
Binance’s [BNB] former CEO Changpeng Zhao (CZ) submitted his resignation a few days ago, which caused much trouble for BNB Chain. Not only did BNB’s price drop, but the blockchain’s overall network activity also took a blow.
However, as development around the blockchain continues, several new dApps were launched, which could help turn the situation around.
CZ’s episode in a nutshell
As reported earlier by AMBCrypto, BNB was recently thrust into the limelight as its CEO, CZ, submitted his resignation as part of the $4 billion settlement between United States regulators. The effects of this episode are still evident.
Notably, AMBCrypto’s analysis of Artemis’ data revealed that both BNB Chain’s Daily Active Addresses and Daily Transactions plummeted over the last few days.
Source: Artemis
The blockchain’s state in terms of captured value also took a blow, as BNB’s TVL registered a sharp decline. On top of that, BNB’s fees and revenue also went downwards in the recent past.
However, BNB Chain did launch a few new dApps, which could help turn the table in the blockchain’s favor over the coming weeks.
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