BNB Chain has made a significant update called Maxwell which noticeably enhances network performance and user engagement.
Maxwell Upgrade and Its Impact on Performance
The Maxwell upgrade has reduced block time on BNB Chain from 1.5 seconds to 0.75 seconds, increasing daily block production to 115,200. In contrast, Ethereum generates approximately 7,200 blocks per day. Even with the upcoming Glamsterdam upgrade in 2026, Ethereum is expected to produce only about 14,400 blocks daily, placing BSC at a substantial advantage with nearly eight times the production capacity.
Increased User Activity on BSC
Current data suggests that the increased block speed on BSC may be contributing to greater user engagement. BSC recorded over 2 million daily active addresses compared to Ethereum's 411,000, indicating broader participation. The trading volume on BSC reached $7.38 billion in a 24-hour period, significantly surpassing Ethereum's $1.44 billion during the same time.
Ethereum Retains Leadership in Total Value
Despite the gains BSC has made in terms of user activity and trading volume, Ethereum continues to lead in total value locked (TVL) and protocol revenue. This indicates that while BSC can accommodate more transactions, Ethereum is associated with larger capital inflows and more valuable transactions.
While BSC focuses on speed and scalability, Ethereum maintains its dominance in value retention and protocol profitability. The future of both networks will depend on the successful implementation of upgrades and usage patterns within the broader blockchain community.
