Flow

Token

DappRadar

MN Coin

<ul>
 <li style="font-weight: 400;">Regarding user activity, BNB Chain has exceeded Ethereum in the last month.</li>
 <li style="font-weight: 400;">Demand continues to propel BNB rally on a weekly chart.</li>
</ul>
<a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB Chain [BNB]</a> has surpassed <a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ethereum [ETH]</a> in terms of user activity over the past month, data from blockchain analytics firm <a href="https://dappradar.com/rankings/chains?range=30d" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">DappRadar</a> has shown.
Across all the decentralized applications (dApps) listed on BNB Chain, a total of 4.18 million unique active wallets completed at least one transaction in the last 30 days, marking a 29% uptick in user count.
During the same period, only 1.28 million active addresses transacted on Ethereum, witnessing a 13% drop in user activity.&nbsp;
Due to the double-digit increase in its number of users, the number of transactions completed on BNB Chain during the period under review totaled 22 million. 
On the other hand, Ethereum saw its transaction count decline by 44% to record only 3.34 million transactions in the last 30 days.&nbsp;
Regarding network fees and revenue derived from the same, BNB Chain received $18.35 million in fees from its users in the last 30 days. This represented a 50% growth in month-over-month (MoM) fees paid by its users to use its network.
&nbsp;From these fees, the chain saw a revenue of $2 million from these fees.
Due to its lower user activity, Ethereum’s fees and revenue climbed by just 10% in the last month, according to data from <a href="https://tokenterminal.com/terminal/projects/ethereum" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Token Terminal</a>
<h4>BNB on a weekly chart</h4>
At the time of writing, BNB traded at $305.80, logging a 31% price rally in the last month, per data from <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a>.&nbsp;
The coin’s price assessed within a wider time frame (weekly) showed that despite the 3% price correction recorded in the last week, accumulation persisted.&nbsp;
<div id="attachment_362304" style="width: 100%" class="wp-caption alignnone"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-362304" decoding="async" class="size-full wp-image-362304" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30.png" alt="" width="2350" height="1286" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30.png 2350w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30-300x164.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30-1024x560.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30-768x420.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30-1536x841.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/BNBUSDT_2024-01-06_06-46-30-2048x1121.png 2048w" sizes="(max-width: 2350px) 100vw, 2350px"></a>
 Source: BNB/USDT on TradingView
</div>
The coin’s Relative Strength Index (RSI) and Money Flow Index (MFI) rested above their center lines, suggesting that buying activity exceeded distribution. As of this writing, RSI was 67.22, while the Money Flow Index (MFI) was 71.69.&nbsp;
Read&nbsp;<a href="https://ambcrypto.com/predictions/binancecoin-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance Coin’s [BNB] Price Prediction</a>&nbsp;2023-24
Showing that the bulls were in control of the market, BNB’s positive directional index (green) rested significantly above its negative directional index (red). This also confirmed the strength of the buying trend in the market.
The coin’s 50-day simple moving average (blue), above its 200-day simple moving average (yellow), lent credence to the position above. When these averages are so positioned, it is generally considered an indication of an upward trend.

BNB Chain booms with user activity while Ethereum falls behind

AMBCrypto

Other articles published on Jan 6, 2024

Arthur Hayes Warns of Possible 40% Bitcoin Price Drop in March

Shiba Inu Burn To Be Automated Through Shibarium – How Much SHIB Will Be Destroyed Monthly?

Better Markets CEO urges SEC not to approve spot Bitcoin ETFs, analysts clap back

Bitcoin Maintains Strong Position Above $43K, Altcoins Experience Varied Performance

Transformative Impact of Financial Advisors on Bitcoin Adoption

Ethereum: Here’s why it might take longer to withdraw your staked ETH

Join our free newsletter for daily crypto updates!