BNB Chain Achieves Yearly Transaction Milestone; Showcases Robust Network Performance Following BSC Surge

DUBAI, UAE, November 22nd, 2023, Chainwire

• November 19 marked a significant day for BSC, which logged an impressive total of over 9.5 million transactions.
• Earlier this week, BSC showcased resilience in gas prices during a comparable surge in activity.

On November 19, 2023, BNB Chain The community-focused blockchain network reached its peak traffic levels not seen since May 2022, with transactions reaching astounding numbers. exceeding 9.5M Out of the daily total, over 7 million transactions stemmed from inscription minting activities on BNB Smart Chain (BSC).

This year’s peak in transactions coincides with a week of unprecedented traffic on BSC. Notably, on November 17, there was a significant uptick in activity, with gas prices on BSC remaining stable throughout this surge. The TPS (transactions per second) soared to nearly 250 at its highest point, while gas prices consistently hovered around $0.016.

Despite TPS reaching nearly 250 on November 17, gas prices on BSC steadfastly remained at $0.016.

BSC's substantial block size is crucial for accommodating fluctuations in traffic without disrupting gas price stability. With TPS averaging around 200, the block usage is only 15-20%, indicating the network has ample capacity for even more traffic.

Learn more about BNB Smart Chain here .

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About BNB Chain

BNB Chain It stands as a community-oriented ecosystem featuring numerous decentralized blockchains and is powered by BNB, highlighting its versatility. BNB Beacon Chain , its staking and governance layer, BNB Smart Chain (BSC This is complemented by Ethereum Virtual Machine compatibility, fostering a diverse multi-chain ecosystem with Layer-2 solutions for enhanced performance. opBNB , and BNB Greenfield It also encompasses a decentralized data storage network that boosts efficiency and accessibility.

The BNB Chain ecosystem is recognized as the world's largest smart contract blockchain (BSC) in terms of user engagement, having processed an astounding 3 billion transactions thus far. daily active users This distinction solidifies its position as the leading layer-1 blockchain globally, offering developers unparalleled access to users, incredibly low gas fees, and a high volume of transactions, all while maintaining a flawless operational history. The ecosystem supports over 1,500 active decentralized applications (dApps) across a variety of sectors such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, and Infrastructure. Various initiatives exist to bolster the Web3 ecosystem. 232 Million unique addresses Please keep in mind that the information presented here is not meant to serve as legal, tax, investment, financial, or any type of advisory service. It's crucial to invest only what you can afford to lose, and if there's any uncertainty, seek independent financial advice. For more details, we recommend checking out the terms and conditions along with the help and support resources courtesy of the issuer or advertiser. MetaversePost is dedicated to providing accurate and impartial reporting; however, market conditions may shift without prior notice. Gas Grant , Builder Grant , Kickstart , Most Valuable Builder (MVB) and uk . 

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