BNB network share surges 251% in one week
According to data from Messari, BNB’s “share of attention” has soared by more than 250% in just one week, reaching 5.09%. This metric reflects public awareness, discussion level, and investor interest in the network.
Rachel Lucas, an analyst at Australian crypto exchange BTC Markets, said the rise in the network’s share is likely due to BNB benefiting from a market shift toward high-performance, low-cost blockchains with active ecosystems.
On-chain data shows that average fees on BNB Chain are $0.46. In addition, an upgrade launched on Tuesday increased the gas limit to 100 million per second and reduced block creation time to 750 milliseconds. Previously, blocks were produced every 3 seconds with a gas limit of 47 million.
The growth in BNB Chain’s market share also coincides with a strong rally in the BNB token. On October 1, the cryptocurrency’s market capitalization was about $140 billion, and by Wednesday it had peaked at over $183 billion, allowing it to become the third-largest cryptocurrency, surpassing XRP.
“The recent changes in XRP and Tether’s market capitalization highlight investors’ growing confidence in BNB’s long-term potential,” Lucas said.
The network’s total value locked (TVL) has also been steadily rising, reaching $9.26 billion, while the number of active addresses climbed to a record 73.24 million last month.
See also: "Bitcoin slips near $122K after record highs; U.S. crisis weighs on sentiment"
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