The BNB Binance chain is calling attention calmly. In the last month, it has become the best choice for users who use USDT (Tether), the stablecoin more trend in the world. With around 12 billion active wallets, currently, the BNB chain has surpassed other important competitors such as Ethereum and Tron.
So why do so many users choose the BNB chain? Let’s take a look.
The BNB chain achieves 12 million active USDT addresses
According to Recent Cryptorank reports, around 31.1 million wallets used USDT in different blockchain networks in the last 30 days.
Among these, the BNB chain took the lead with almost 12 million active directions, exceeding any other network. This indicates that most users are selecting the BNB chain for their daily exchanges. It is very fast, it has low loads and is easy to use; It perfectly meets users’ expectations by transmitting and collecting stablocoins such as USDT.
Tron took second place with 11.2 million active addresses, which remains a significant number. Tron has been constantly a favored option for Stablecoin Exchange. Polygon continued with 2.6 million active addresses, and Ethereum then arrived with 1.8 million.
Although Ethereum used to be the most popular network, its high rates and slow transactions are causing users to look for cheaper and faster alternatives. Solana and the referee had less than 1 million active directions each, which means that they are growing, but they are not yet as popular as the main networks.
BNB Token Burn programmed for this quarter
As the BNB chain sees more USDT activity, it has also finished its tokens 31. In this burn, 1.57 million BNB tokens, with a value of around $ 916 million, were taken from the circulation.
This burn is clearly part of the BNB strategy to gradually reduce its total supply and improve the value of the token. At present, BNB total supply is approximately 139.3 million, with more than 40 million remaining tokens to be burned.
BNB price predictions: what is ahead
After observing the price of BNB, it is currently traded at $ 604, indicating a slight gain of 2% as large investors continue to buy, even when the market goes up and down.
Although the price remains the same, at present, the general trend of the market for BNB seems neutral. The RSI (relative force index) is 48.57, which means that the token does not indicate clear signals of increase or decrease.
On the other hand, if the RSI (relative resistance index) reaches more than 50, it could be a clear sign that buyers are constantly gaining domain, and BNB can be established for a more significant movement.
Also read:- The Cryptographic Path of $ 1B of Lazarus Group tracked by bybit
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
