Connect

Million

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-coin-bnb-defies-market-downtrend-with-6-surge/" data-wpel-link="internal">Binance Coin (BNB) Defies Market Downtrend with 6% Surge</a><br></p>
<p style="text-align: justify"><strong>The cryptocurrency market</strong> has been experiencing a general downturn, yet <a href="https://en.coin-turk.com/binance-ends-support-for-busd-stablecoin/" data-wpel-link="internal">Binance</a>‘s native asset BNB coin has challenged this trend with a 6% increase in the last 24 hours. The trading volume for the altcoin also saw a significant increase, rising by 80% to over $2.54 billion. At the time of writing this article, BNB coin is trading at $375 with a market capitalization of $56.11 billion, standing out for its resilience amidst market volatility. We have compiled potential reasons for this surge in BNB for you.</p> 
<h2 style="text-align: justify" id="strong-bnb-chain-surpasses-1-2-million-active-users-strong"><strong>BNB Chain Surpasses 1.2 Million Active Users</strong></h2> 
<p style="text-align: justify">As a notable development, <strong>BNB Chain</strong> shone with the announcement on February 21st from the BNB Chain blog that it surpassed 1.2 million active users, reaching a significant milestone. This achievement is particularly striking as it comes amidst Binance’s ongoing legal battle with the <strong>U.S. Securities and Exchange Commission</strong> (SEC). According to the blog post, the total number of active users on the BNB Chain has increased sixfold over the last four years, indicating strong adoption and usage of the network.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-317974" src="https://coin-turk.com/wp-content/uploads/2024/02/Binance-BNB-Altcoin.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">Throughout 2023, the BNB Chain has made notable progress, especially with increased activity and positive changes in the market cycle. The Binance Smart Chain, which is the layer where smart contracts are executed within the BNB ecosystem, and opBNB, the Layer-2 solution of BNB Chain, have demonstrated impressive scalability by recording the highest transaction volumes of 2,000 and 4,500 transactions per second, respectively.</p> 
<p style="text-align: justify">The blog post also highlighted another milestone with Binance Smart Chain processing a record-breaking 32 million transactions in a single day and opBNB reaching an unprecedented 71 million transactions. Additionally, according to AvengerDAO, there has been an 85% reduction in losses due to hacks and fraud, a testament to the network’s security and resilience.</p> 
<h2 style="text-align: justify" id="the-success-of-opbnb">The Success of opBNB</h2> 
<p style="text-align: justify">Furthermore, Binance’s commitment to interoperability and scalability is evident through its continuous development efforts. The launch of opBNB mainnet in September 2023 aims to improve user experiences in decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (DeFi) and gaming by reaching 10,000 transactions per second.</p> 
<p style="text-align: justify">Moreover, the introduction of opBNB Connect is strengthening the links between Layer 2 solutions by providing decentralized sequencers, unique gas tokens, and unlimited bridges.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-coin-bnb-defies-market-downtrend-with-6-surge/" data-wpel-link="internal">Binance Coin (BNB) Defies Market Downtrend with 6% Surge</a></h5>

Binance Coin (BNB) Defies Market Downtrend with 6% Surge

Table of Contents

COINTURK NEWS

Other articles published on Feb 22, 2024

Goodbye, Tron: Circle Announces End of USDC Support On TRC-20

Binance Charity and Superhumans Foundation Unite to Support Ukrainian War Victims

SPELL Token Prediction: SPELL pumps 78% in just 1day!

Polygon (MATIC) Makes Final Splash: Can MATIC Break Out for a $1.73 Rally?

Sei Crypto Price Prediction – $SEI Plummets 13% Over The Last Week

Ethereum’s Starknet Token Price Plummets

Join our free newsletter for daily crypto updates!