BNB Chain anticipated the historical maximum of his cryptocurrency

On July 23, BNB, the native token of the BNB Chain network, reached a new historical maximum after exceeding $ 800 per currency. The increase in on-chain activity of the network created by Binance anticipated this growth since the beginning of June.

At the time of this writing, the Token is traded at $ 798, as can be seen in the following tradingview graphic:

The daily transactions, which reflect the amount of operations registered in the network, grew from 4.7 million on May 1 to almost 14 million on July 22, An increase of 198%. This indicator shows a growing adoption of the BNB Chain.

That measurement found its highest recent peak on July 20, when the network processed more than 17 million transactions (far from the historical maximum reached in December 2023, with 32 million).

At the same time, the active accounts, which represent the unique purses that interact with the network, went from 1.1 million on May 1 to 2.5 million on July 20, A 127% increase. In addition, the total number of addresses reflects a figure of almost 596 million, having added 285,000 accounts in the last 24 hours.

This growth suggests an expanding user base, attracted to the capacities and services in BNB Chain, such as decentralized exchanges trade (DEX). As Cryptonoticias reported it, this trade exceeded widely that of Solana and Ethereum from the middle of May to the present.

Although it is not the only reason why BNB goes up (Altseason speculation also contributes), greater use of the network of a cryptocurrency contributes significantly to its revaluation. To use BNB Chain, BNB is required, its native currency, which increases demand for cryptocurrency in centralized and decentralized exchanges.