BNB has managed to outperform some of the top cryptocurrencies in terms of its ability to hold value. The robust utility of the BSC contributed greatly to sustaining BNB’s demand. BNB has performed better than Bitcoin (BTC) and Ethereum (ETH) in terms of price performance during the bear market. It was drawn down by 61% […]
is currently capable of 1,000 TPS. However, the blockchain network plans to increase the transaction throughput to 5,000 TPS in the near future.
This move will allow the network to adapt to the BSC’s rapid adoption while boosting its efficiency in terms of transaction capacity. In addition, the robust BSC ecosystem and rapid adoption may boost the demand for BNB in the long term, thus contributing to its value.As noted earlier, BNB has managed to outperform some of the top cryptocurrencies in terms of its ability to hold value.
This is mainly because of the widescale adoption of the BSC’s wide range of offerings. It includes the Binance exchange which has held the top spot in terms of volume for quite some time. Furthermore, the robust utility of the BSC contributed greatly to sustaining BNB’s demand. This allowed the BNB to avoid losing too much value as the bearish conditions dampened investors’ sentiment.
Despite this, BNB’s short-term value took a hit in the last two weeks. Nevertheless, its $273 price tag at press time represented aThe slight recovery was accompanied by a significant uptick in transaction volume. While this is due to the return of some buying pressure in the market, the supply held by top addresses registered a sizable drop in the last 24 hours.A look at BNB’s supply distribution confirms the observation with the top addresses metric.
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