Time

DUBAI, UAE, December 11th, 2023, Chainwire 
<ul>
 <li>December 7 saw BSC more than double its existing all time high (ATH) record with more than 32M transactions</li>
 <li>The <a href="https://bscscan.com/chart/gasprice" rel="noopener noreferrer nofollow" target="_blank">BSC gas price</a> remained stable during the period of heightened transactions</li>
 <li>The surge saw BSC undergo rigorous performance testing, with <a href="https://bscscan.com/block/34135837" rel="noopener noreferrer nofollow" target="_blank">2K TPS</a> being processed at the peak time</li>
</ul>
On December 7, 2023, <a href="https://www.bnbchain.world/" rel="noopener noreferrer nofollow" target="_blank">BNB Chain</a>’s L1 BNB Smart Chain (BSC) experienced its all-time high (ATH) for transactions. Transactions exceeded <a href="https://bscscan.com/block/34135837" rel="noopener noreferrer nofollow" target="_blank">32 million</a> for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).
During the ATH, gas prices on BSC did not fluctuate and <a href="https://bscscan.com/chart/gasprice" rel="noopener noreferrer nofollow" target="_blank">remained stable</a> at 3 gwei. Block sizes reached 100% due to the increased demand and the network went through a rigorous real-world stress test, processing <a href="https://bscscan.com/block/34135837" rel="noopener noreferrer nofollow" target="_blank">2,000 TPS</a> at the peak.&nbsp;
<img src="https://app.chainwire.org/storage/uploads/images/jPiU_HmsCA2sSwpoVBiz5kY9t7Wpoox4SQu6NaxSrdWxbAaKIx_17023031038ILPD2IoXc.jpeg">
The majority of the critical infrastructure relating to BNB Chain scaled up and handled the surge well. BSC is continuing&nbsp;to work with explorer <a href="https://bscscan.com/" rel="noopener noreferrer nofollow" target="_blank">BscScan</a> to improve performance, increase stability and maintain continuous communication with the community.&nbsp;
BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. On November 22, with TPS at around 200, the usage of the block was only at around 15-20%, meaning that the network still had plenty of space left to handle further traffic.&nbsp;
Learn more about BNB Smart Chain <a href="https://docs.bnbchain.org/docs/learn/intro" rel="noopener noreferrer nofollow" target="_blank">here</a>.
About BNB Chain
<a href="https://www.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">BNB Chain</a> is a community-driven blockchain ecosystem that seeks to remove barriers to Web3 adoption. Powered by BNB, it includes the world’s largest L1 blockchain, the EVM-compatible <a href="https://www.bnbchain.org/en/smartChain" rel="noopener noreferrer nofollow" target="_blank">BNB Smart Chain</a>, and fosters a multi-chain ecosystem with <a href="https://greenfield.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">BNB Greenfield</a> and <a href="https://opbnb.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">opBNB</a>. Offering ultra-low gas fees and superior TPS, the BNB Chain ecosystem hosts <a href="https://dappbay.bnbchain.org/" rel="noopener noreferrer nofollow" target="_blank">thousands of dApps</a> across DeFi, metaverse, gaming, SocialFi, NFTs and infrastructure, each of which add value to its ecosystem.
BNB Chain fosters impactful Web3 innovation with its <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="noopener noreferrer nofollow" target="_blank">BNB Chain Builder Support Program</a>. This includes the <a href="https://www.bnbchain.org/en/bsc-mvb-program" rel="noopener noreferrer nofollow" target="_blank">Most Valuable Builder (MVB) accelerator program</a>, run in partnership with <a href="https://labs.binance.com/" rel="noopener noreferrer nofollow" target="_blank">Binance Labs</a> and <a href="https://coinmarketcap.com/events/cmc-labs/" rel="noopener noreferrer nofollow" target="_blank">CMC Labs</a>.
For more, follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>. 
<h5>Contact</h5>BNB CHAIN Press@bnbchain.org 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

BNB Smart Chain (BSC) Experiences Transaction All Time High; Highlighting the Network’s Stability and Capacity (11 Dec)

Chainwire

Other articles published on Dec 11, 2023

Wikipedia Founder Sparks Debate Comparing Banks and Bitcoin

Analyst Bullish on Chainlink, What’s Next Price Target ? Pullix Introduces Burn Feature

Will Floki end the year outperforming Dogecoin?

Justin Sun’s HTX Exchange Sees $250 Million Outflow, Another Exchange Collapse?

What is Rocket Pool? Will RPL Price Explode in 2024?

Bitcoin Cash (BCH) Analysis: Is a Bullish Breakout on the Horizon?

Join our free newsletter for daily crypto updates!