Users are Leaving Ethereum and Joining Binance Smart Chain: Why?
BNB Smart Chain and Ethereum have been the top chains in the crypto space in terms of users for quite some time. Of late, the former chain has been faring comparatively better than the latter. Data from BscScan revealed that the BNB Smart Chain has been processing transactions in the 2.5 million to 5 million bracket on a daily basis. In fact, the average number of transactions for the March 31st to April 6th week stood at 3.38 million. Thus, in the same weekly window, more than 20 million transactions were processed and placed on the chain. A recent tweet by BNB Chain revealed that the weekly active users stood at 3.67 million, while the number of its average daily active users hovered around 1.21 million. Source: BNB Chain Also Read: Australian Regulators Cancel Binance’s Derivatives License On the other hand, Ethereum’s numbers were relatively malnourished. Data from Etherscan pointed out that only around 100k transactions have been taking place on a daily basis on ...