BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details
Recently, the Binance Smart Chain emerged as the top Layer 1 platform with the biggest number of BNB users.
There has also been a noticeable increase in its volume.
Related Reading: Bitcoin Ascent To $64,000 Causes Coinbase To Crash – Here’s What Happened The optimistic outlook for the cryptocurrency market as a whole has also contributed to BNB’s success.
With a market capitalization of around $2.30 trillion, Bitcoin’s latest ascent beyond $63,000 suggests that investor confidence has increased.
BNB Approaches $5 Billion TVL Total Value Locked (TVL) for BNB Chain increased steadily this year and is currently close to $5 billion.
It’s crucial to remember that the current upward trend in BNB is what’s responsible for the TVL spike.
Source: DefiLlama According to data from DefiLlama, this represents a notable rise over the $3.50 billion reported at the beginning of the year and illustrates the growing presence of decentralized finance (DeFi) protocols on the chain.
With 425 million unique users, BNB chain held the top spot at the time of publication, according to Crypto Rank data, which displayed the total number of unique users across the top 15 networks.
Top 15 Blockchains by the Number of Unique Addresses@BNBCHAIN – 425M@0xPolygon – 406M@ethereum – 259M@trondao – 214M@FantomFDN – 172M@Optimism – 124M@NEARProtocol – 99M@base – 65M@Aptos_Network – 27M@MoonbeamNetwork – 20M@arbitrum – 17.9M@avax – 17.7M…