- BNB faced regulatory persecution, leading to a fall in its revenue and coin value.
- The blockchain has implemented some upgrades and plans on expanding its validator model.
BNB Chain, the native blockchain of the Binance [BNB] ecosystem, encountered some financial anguish during the second quarter of the year. According to the latest insight by Messari, BNB Chain’s total revenue decreased by 6.1% on a Quarter-on-Quarter (QoQ) basis.
Realistic or not, here’s BNB’s market cap in OP’s terms
Fees and the SEC fail to help revenue
According to the report, one reason for the fall in BNB Chain revenue is the decrease in transaction fees. Usually, when there is a rise in user activity on the chain, transaction fees increase.
In turn, it helps revenue. But Messari noted that transaction fees fell by 25.5% and network value decreased by 25.2%.
Beyond facing financial challenges, BNB (the coin, not the chain) was also affected by some regulatory decisions.
In June, the U.S. SEC accused the country’s arm of its parent company, Binance, of having engaged in selling unregistered investment contracts, which included the coin. This resulted in a decrease in the BNB price alongside other assets, leading Messari to note that,
“The SEC compla
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Author: Victor Olanrewaju
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