BNB Smart Chain (BSC) Hits Record 5 Trillion Daily Gas Usage As Network Activ...
As BNB rallies to new highs, the BNB Chain ecosystem achieves new milestones, fueled by record performances in network activity, gas efficiency, and trading-driven growth. Related Reading: US Labor Union Urges Senate To Oppose Crypto Bill Over Pension, Workers’ Risks BSC Hits New Gas Usage Milestone On Wednesday, the BNB Chain ecosystem hit new record […]
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The DeFi platform has recorded approximately 1.75 billion lifetime transactions since its launch in August 2020. Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Nov 16. This establishes a landmark all-time high for the decentralized finance (DeFi) network which exceeds the previous high of 13.1 million recorded on July 29 this year.In addition, 276,446 new wallet addresses were created yesterday, a notable advancement of the 111,244 new addresses on July 29. The BSC team tweeted an....
The leading blockchain Virtual Reality (VR) Metaverse platform Dvision Network is set to migrate to the Binance Smart Chain network through the cross-chain bridge. Dvision Network has changed the blockchain space by offering users an ecosystem that encompasses NFTs and virtual reality. The migration to Binance Smart Chain could prove to be a masterstroke by the cutting-edge NFT Metaverse platform. Binance Smart Chain Offers Wide Range of Possibilities Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which....
Critics say Ethereum’s soaring gas fees will cause the project to fall victim to its competitor blockchains but on-chain data suggests otherwise. Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to sustain its position as the second ranked cryptocurrency by market capitalization.Nevertheless, some key....
Development on the XinFin XDC network has seen the platform register a record growth, with the new smart contracts feature continuing to attract more developers. The increasing number of smart contracts on XDC Network validate that the network will likely emerge as a significant competitor to Ethereum, dominating the space. XDC Network is fully Ethereum […]
Ethereum's quarterly settlement value is on course to increase by 1,280% year-over-year. Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021.According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. The network is currently on-pace to settle $1.6 trillion in transactions for the first quarter of this year. In the last 12 months, Ethereum has already settled $2.1 trillion in transactions.If Messari’s $1.6 trillion forecast is....