It is one of the most famous platforms for trading digital currencies, and Binance is also one of the largest platforms for trading cryptocurrencies in the world in terms of trading volume.
And before you start trading on the platform, you will need to create an account on Binance and verify your identity.
It's easy! This only takes a few minutes. Identity verification will help us protect your account.
After that, you will be able to instantly transfer digital currencies to and from Binance wallets (spot, futures, and borrowing trading) without paying any transaction fees.
The number of daily transactions on Binance Smart Chain
The number of daily transactions on Binance Smart Chain continues to grow at an amazing rate.
It reached a peak of 9.168 million on Monday, May 3.
Additionally, Binance Smart Chain handles more than 7 million transactions daily.
Since late April, as shown in the following picture.
To understand the volume of the number of daily transactions on Binance Smart Chain,
The Ethereum blockchain network has been handling nearly 1.5 million daily transactions in the past two weeks.
If we take an average of 8 million daily transactions on Binance Smart Chain, the daily transaction activity on BSC exceeds Ethereum activity by a factor of 5.33x.
Binance Smart Chain Daily Transaction Count hits New High of 9,168M 15
The demand for Binance Coin (BNB) continues to increase
The increased activity on Binance Smart Chain as evidenced by the daily number of transactions and unique addresses indicates a bullish environment for Binance Coin (BNB).
The high network activity is a confirmation that the demand for Binance coin (BNB) will continue to grow as well as its value in the crypto market.
An example of the demand for Binance coin was seen earlier today.
When the team at Simplex apologized to their clients for the delay in their network due to increased interest around BNB.
