That’s 300% more than Ethereum’s all-time high in daily transactions.Ģ. BSC reached as much as 4.9 million daily transactions (as of April 8). How much growth are we talking about here?ġ. I’ve done nothing but highlight BSC and the projects that use it on social media, so I’m thrilled with how fast that community is moving. With that said, I am amazed at the tremendous growth that the BNB Smart Chain community has shown this quarter. I don’t know exactly how much each one has contributed. Growth of DeFi and other projects on BNB Smart Chain (BSC).Īnd most importantly, your support and contributions to our ecosystem. While I don’t have definite answers for that, there are several I think have helped:Ĭonstant BUIDLing by the community over the last 3.5 years. People ask me which factors have contributed to the increase in BNB price. īNB was on a roll this quarter, rising from $38 (USD) in January to recently as high as $638.57, showing 16.8x growth in just one quarter. This quarter, BNB has risen to become the third-biggest cryptocurrency by market capitalization, behind only Bitcoin and Ethereum. How BNB Smart Chain Fuels BNB’s Rise to the Top 3īNB has gone a very long way from being a digital token used for transaction fees and discounts on Binance. Īs usual, I (CZ) will take this opportunity to share a few thoughts. See the transactions for this burn here: Transfer 1 | Burn. This 15th quarterly BNB burn is the highest-ever in US dollar terms. With this recent burn, the total supply of BNB has officially decreased from 170,532,825 BNB to 169,432,937 BNB. This burn effectively took $595,314,380 worth of BNB out of circulation forever. Binance CEO CZ also talked about the rise of BNB Smart Chain, the crypto bull run, and more.įor this past quarter, we just burned a total of 1,099,888 BNB. For our 15th quarterly BNB Burn (January to March 2021), a total of 1,099,888 BNB have been burned, equivalent to $595,314,380 (USD) worth of tokens.
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