BNB Chain hits record monthly users as on-chain activity explodes

BNB Chain noticed document exercise with 51.6 million month-to-month addresses alongside rising income over the previous month. BNB hit $1,000 as Zhao outlined plans for a $1 billion Treasury Firm, fueling rumors about his return to Binance.

BNB Chain, the blockchain behind Binance‘s native token (BNB), reached a brand new milestone on Sept. 17, when month-to-month lively addresses hit 51.9 million, surpassing a earlier all-time excessive recorded in September 2024, in accordance with Token Terminal information.

BNB Chain’s lively customers month-to-month | Supply: Token Terminal

The surge in exercise comes alongside development in community metrics, as over the previous 30 days, charges collected on the chain reached $13.2 million, a greater than 24% bounce in contrast with the earlier interval, whereas income reached $1.4 million, up 23%, indicating that extra customers are interacting with the community.

BNB Chain’s transaction depend weekly | Supply: Token Terminal

By transaction depend, BNB Chain additionally retains reinforcing its place within the prime three layer 1 networks, in accordance with Token Terminal. Whereas Web Laptop leads with 412.2 billion transactions, Solana follows it at 354.5 billion, and BNB Chain with the transaction depend at 9.2 billion.

As of September, the community helps over 1,095 tasks throughout sectors, together with DeFi, gaming, and NFTs, with the overall worth locked in in BNB Chain standing at $7.68 billion, nonetheless down round 65% from 2021’s peak.

Talking with crypto.information, Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain, attributed the expansion to an enormous person base of 4 million each day lively customers and greater than 625 million distinctive addresses, in addition to deep international liquidity with greater than $11 billion in TVL and stablecoin circulation.

Kawadri added that the crew is now aiming to succeed in a “CEX-like expertise” in order that transactions “shall be confirmed in beneath 150 milliseconds.”

“Total, BNB Chain is concentrating on to develop into a settlement layer and monetary infrastructure for all property, it is not going to be particularly restricted to any explicit buying and selling state of affairs. The course and preliminary type of this chain are nonetheless repeatedly evolving, and we are going to discover and construct this along with the group.”

Marwan Kawadri

The expansion in on-chain exercise coincides with an increase in BNB’s market worth because the token lately hit a brand new all-time excessive of $962. A part of this momentum appears to be tied to bulletins from Binance founder Changpeng Zhao, who outlined plans for the upcoming BNB Treasury Firm in an interview with Leon Lu, founding father of B Technique.

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As crypto.information reported earlier, Zhao described BNB as a “true utility coin,” highlighting its multi-chain compatibility and its use throughout buying and selling reductions, yield technology, launch swimming pools, launchpads, and the Binance Alpha ecosystem. He additionally emphasised BNB’s position throughout each centralized and decentralized platforms, together with cross-border funds and dApps worldwide, noting that the ecosystem has untapped potential in areas corresponding to Southeast Asia, Europe, the Center East, and Africa.

Again as CEO

The deliberate BNB Treasury Firm is anticipated to lift $1 billion with backing from YZi Labs. Zhao mentioned the initiative will goal institutional demand, focusing help on sturdy, well-positioned tasks. “We’ve been approached by most likely greater than 50 corporations for BNB particularly…we are going to solely do this to a really small variety of DAT corporations. Principally, the very prime, sturdy ones,” Zhao mentioned within the podcast.

Hypothesis about Zhao’s attainable return to Binance has additionally grown. On Sept. 17, the Binance founder up to date his X profile, altering it from “ex-@binance” again to “@binance.” Zhao stepped down as CEO practically two years in the past following a $4.3 billion settlement with the U.S. Division of Justice in November 2023 over anti-money laundering violations.

Stories additionally counsel that the DOJ could quickly carry compliance restrictions on Binance, which has fueled rumors about his potential return, although Zhao has said he doesn’t plan to renew the CEO position.

Knowledge from crypto.information reveals BNB hit an all-time excessive of $1,000 on Sept. 18, setting a brand new historic milestone for the BNB Chain ecosystem. As of press time, the token is up 3.7% previously 24 hours, buying and selling round $989, and it has risen over 10% over the previous week.

Learn extra: BNB Chain so as to add over 100 U.S. shares, ETFs, and funds by way of Ondo Finance