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Binance's BNB Chain Surpasses Ethereum and Polygon in Daily Active Users

Binance's BNB chain has surpassed Ethereum and Polygon in terms of daily active users, with over 1 million daily active users. The BNB chain has also onboarded 274 million unique users at an average month-on-month rate of 6% over the past year, while Ethereum's rate has declined by an average of 5%.

Despite its impressive growth and adoption metrics, the price of BNB remains bearish and has been unable to rise above the neutral line on the RSI, potentially due to a decline in transaction fees.

Recent data from the Binance BNB chain has indicated a decrease in transaction fees, which could impact the price of BNB as lower fees may result in reduced revenue for the network and its validators.

BNB BNB $603.41
+0.42%
Binance Polygon
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