- Binance addresses remained over 420 million.
- BNB has been trying to maintain its trend around the $300 price range.
Binance Smart Chain [BSC] has recently secured a prominent position in key metrics, raising questions about its Total Value Locked (TVL) and the trend of Binance Coin [BNB].
Binance ranks high in wallets and transaction numbers
Coin98 Analytics’ data showed that the Binance Smart Chain has consistently held the lead in terms of unique addresses since January.
The data showed that it was the only network that maintained a level of over 400 million unique addresses in January and February.
At the start of January, the total count was over 413.3 million, and by the beginning of February, it had further increased to over 420.3 million.
Aside from the substantial number of addresses, Binance Smart Chain also showed strength in transaction volume, ranking fourth in the number of transactions in the past month.
Crypto Rank’s data showed that it recorded 125 million transactions in January.
Delving further into the Binance metrics
Analyzing the Binance active wallet trend on its Explorer showed a recent decline in activity. The chart showed that the network experienced its most active phase in December.
The peak occurred on the 30th of December, recording over 3.5 million active addresses, marking the highest number of daily active addresses ever recorded on the network.
At the time of this writing, the number of active addresses was over 1.3 million.
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Author: Adewale Olarinde
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