Flow

Optimism

Daily

MN Coin

<ul>
 <li>The growth in opBNB’s daily transactions could be attributed to Inscriptions.&nbsp;</li>
 <li style="font-weight: 400;">BNB was up by more than 3% in the last 24 hours.</li>
</ul>
<a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB Chain’s [BNB]</a> opBNB recently achieved a remarkable milestone, crossing its parent chain. This achievement indicated a massive rise in its usage and adoption.&nbsp;
<h4>opBNB reaches new all-time high</h4>
For the uninitiated, opBNB is an open-source codebase based on Optimism Stack. 
As per <a href="https://www.binance.com/en-IN/feed/post/1232867" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, opBNB adopts the Optimistic rollup architecture, abstracting the execution layer into its own layer, while the remaining blockchain functions are handled by the L1 — in this case, the BNB Smart Chain. 
Moving forward, BNB Chain recently posted a tweet highlighting opBNB’s latest achievement. opBNB hit an ATH for daily transactions as it recorded 23 million transactions in a single day on the 17th of December. 
With this massive surge, it outperformed its parent chain, BNB Chain, in terms of daily transactions.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 On Dec. 17, opBNB hit an ATH for daily transactions. The network recorded 23 million transactions in a single day!
 BSC saw more than 14M transactions on the same day.
 Despite some congestion, both networks handled the large volumes well, demonstrating excellent scalability <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/JB6LOFctIz" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JB6LOFctIz</a>
 — BNB Chain (@BNBCHAIN) <a href="https://twitter.com/BNBCHAIN/status/1736712708899340340?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 18, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The tweet also talked about opBNB’s real-time transactions per second (TPS), which reached 610 on the 17th of December. Notably, BNB Chain witnessed a similar surge in network activity. 
AMBCrypto’s look at Artemis’ data revealed both the chain’s Daily Active Addresses and Daily Transactions spiked in the recent past.&nbsp;
<div id="attachment_359495" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359495" decoding="async" class="wp-image-359495 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1.png" alt="" width="1550" height="622" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1.png 1550w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1-300x120.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1-1024x411.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1-768x308.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Artemis-BNB-1-1536x616.png 1536w" sizes="(max-width: 1550px) 100vw, 1550px"></a>
 Source: Artemis
</div>
The most prominent reason behind this surge was inscriptions. <a href="https://ambcrypto.com/is-bnb-chains-new-proposal-good-news-for-bnb/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB</a> mentioned in the tweet that these surges were largely due to increased inscriptions, with many being seen across SocialFi. 
AMBCrypto <a href="https://ambcrypto.com/how-inscriptions-has-impacted-transactions-across-the-board/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</a> earlier how inscriptions have grown over the last few days. Several chains, including <a href="https://ambcrypto.com/search/avax" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Avalanche [AVAX]</a> and <a href="https://ambcrypto.com/search/arb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Arbitrum [ARB]</a>, witnessed growth in the number of Inscriptions, especially on the 17th of December.
 However, these stats waned in the following days.
<div id="attachment_359496" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dune-BNB.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359496" decoding="async" class="wp-image-359496 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dune-BNB.png" alt="" width="900" height="476" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dune-BNB.png 900w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dune-BNB-300x159.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dune-BNB-768x406.png 768w" sizes="(max-width: 900px) 100vw, 900px"></a>
 Source: Dune
</div>
<h4>BNB’s response is apt</h4>
While Inscriptions gained traction on the chain, BNB’s price gained bullish momentum. According to <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a>, BNB was up by more than 3% in the last 24 hours. 
At the time of writing, it was trading at $245.16 with a market capitalization of over $37 billion. As a result, the altcoin’s trading volume increased over the past day, alongside positive sentiment.
<div id="attachment_359497" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359497" decoding="async" class="wp-image-359497 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023.png" alt="" width="3840" height="1300" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-13.44.10-19-Dec-2023-2048x693.png 2048w" sizes="(max-width: 3840px) 100vw, 3840px"></a>
 Source: Santiment
</div>
Is your portfolio green? Check out the <a href="https://ambcrypto.com/calculator/binancecoin-profit-calculator" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB Profit Calculator</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
AMBCrypto then took a look at BNB Chain’s daily chart to see whether the coin would be able to carry on this rally. <a href="https://ambcrypto.com/if-this-is-true-bnb-might-touch-310-soon/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB</a>’s Bollinger Bands revealed that its price was in a high-volatility zone. 
Its Money Flow Index (MFI) also registered an uptick from the neutral mark, increasing the chances of a further uptrend. Nonetheless, the MACD was concerning as it displayed a possible bearish crossover.
<div id="attachment_359498" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359498" decoding="async" class="wp-image-359498 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31.png" alt="" width="1550" height="792" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31.png 1550w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31-300x153.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31-1024x523.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31-768x392.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSDT_2023-12-19_13-46-31-1536x785.png 1536w" sizes="(max-width: 1550px) 100vw, 1550px"></a>
 Source: TradingView
</div>

How BNB Chain reacted to opBNB’s milestone

AMBCrypto

Other articles published on Dec 20, 2023

Pro-XRP Lawyer Backs Mike Novogratz’s BTC Spot ETF Approval Timeline Prediction

Blackrock’s Third Meeting with SEC Signals Approval of Spot Bitcoin ETF

Bloomberg Analyst Shares New Take on Bitcoin ETF Approval Timeline

Whale Alert! Whale Goes Big on GameFi Token $IMX. Will GameFi Drive the Next Bull Market Narrative?

A Bold Move: Record Ethereum Profit in 15 Minutes

Why Ripple’s XRP could smash all-time high in 2024

Join our free newsletter for daily crypto updates!