Daily active users on the BNB Chain tripled those on Ethereum The Shapella upgrade has contributed to Ethereum’s on-chain outpacing on BNB The BNB Chain rose to prominence as an alternative to Ethereum’s [ETH] Layer One (L1) blockchain. Although the growth was not without challenges, the chain backed by crypto exchange Binance has been able […]
Layer One blockchain. Although the growth was not without challenges, the chain backed by crypto exchange Binance has been able to cut a significant part of the market share.Among both blockchains, Ethereum is the one that has been around longer. But according to Token Terminal, daily active users on the BNB Chain were also three times that of Ethereum. The metric measures users that interact with a protocol during a designated time interval.
However, BNB Chain’s dominance in the aforementioned aspect did not translate to supremacy in every other area. Based on the data from the blockchain financial aggregator, theon the Ethereum blockchain was far above those registered on the BNB Chain. As of 6 April, the volume on the BNB Chain was $601.1 million while Ethereum’s volume was over $11 billion. This large spread means that there have been more tokens traded via the Ethereum network than BNB’s.Moreover, it seemed that the overall Ethereum ecosystem was hand down beating BNB apart from the user count. According to
, Ethereum’s development activity witnessed a rise and stood at 51.21. The metric tracks the work done in a project’s public GitHub repositories, signaling upgrades on the project’s network.
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A new 11-month high for Lido as Ethereum’s Shapella looms largeThe total value locked (TVL) on Lido went past $11 billion on 5 April – Its highest level in 11 months Lido’s share in ETH staking has declined from 61% towards the start of February to 31% at press time Ethereum liquid staking solution Lido Finance’s [LDO] upcoming V2 upgrade will be a significant milestone […]
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