Binance Smart Chain leads the charge in the crypto market recovery after recent disruptions. The network recently surpassed 500 million unique active addresses, indicating elevated activity.
Growth in Unique Addresses
Binance Smart Chain has surpassed 500 million unique active addresses for the first time in history, confirming elevated activity. The increase in addresses is resulting in more transactions, which surged to 5.75 million in the last 24 hours—the highest count in the past 12 months.
Deployment of TST Meme Coin
The increase in transaction activity on the BNB chain coincided with the network’s push towards meme coins to enhance its competitiveness against networks like Solana. The TST meme coin has gained considerable attention, rallying over 480% in the last 24 hours, contributing to the surge in network activity despite mixed reactions to the listing process.
BNB Price Rebound After Drop
After a volatile period, BNB price has bounced back, increasing 23% to $624. This recovery is linked to an oversold market condition and growing interest in Binance's meme coins. Trading volume rose by 143%, with open interest increasing by 7.32%. However, this poses concerns about possible liquidations if prices fall.
Binance Smart Chain's development is exemplified by the record growth of unique addresses and increased transaction activity. The focus on meme coins and BNB's price recovery demonstrate confidence in the network's future.
