Million

Beacon

DUBAI, UAE, November 22nd, 2023, Chainwire
 
 
<ul>
 <li>November 19 saw BSC record more than 9.5M transactions in a single day</li>
 <li>Earlier in the week, BSC demonstrated gas price stability during a similar surge﻿</li>
</ul>
 On November 19, 2023, <a href="https://www.bnbchain.world/" rel="nofollow noopener" target="_blank">BNB Chain</a>, the community-driven blockchain ecosystem, saw its highest traffic rates since May of 2022 with transactions <a href="https://x.com/cryptorank_io/status/1726918885125800061?s=46&amp;t=OgryqCvGqDrXsN_IOya1Hw" rel="nofollow noopener" target="_blank">exceeding 9.5M</a> for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).
The 1-year high comes amid a week of traffic surges on BSC. November 17 likewise saw a spike in traffic, with gas prices on BSC remaining consistent during the surge. On November 17, with TPS (transactions per second) reaching almost 250 at the peak, gas prices remained consistent at the $0.016 threshold.
<img src="https://app.chainwire.org/storage/uploads/images/oHo8RmLcXZQqFazkSO3tuPG-xAVCuX0NZVUppGKGzJVqHQG4Q3_1700675797TYFY7n98VN.jpeg">
While TPS rose to almost 250 on Nov. 17, gas prices on BSC remained steady at $0.016.
BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. With TPS at around 200, the usage of the block is only at around 15-20%, meaning that the network still has 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="nofollow noopener" target="_blank">here</a>.
###
About BNB Chain
<a href="https://www.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Chain</a> is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of <a href="https://explorer.bnbchain.org/" rel="nofollow noopener" target="_blank">BNB Beacon Chain</a>, its staking and governance layer, <a href="https://www.bnbchain.org/en/smartChain" rel="nofollow noopener" target="_blank">BNB Smart Chain (BSC</a>), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including <a href="https://opbnb.bnbchain.org/en" rel="nofollow noopener" target="_blank">opBNB</a>, and <a href="https://greenfield.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Greenfield</a>, its decentralized data storage network.&nbsp;
The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="nofollow noopener" target="_blank">daily active users</a> and has processed 3 billion transactions to date from <a href="https://bscscan.com/chart/address" rel="nofollow noopener" target="_blank">232 Million unique addresses</a>. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the <a href="https://www.bnbchain.org/en/developers/developer-programs/gas-grant" rel="nofollow noopener" target="_blank">Gas Grant</a>, <a href="https://www.bnbchain.org/en/developers/developer-programs/builder-grant" rel="nofollow noopener" target="_blank">Builder Grant</a>, <a href="https://www.bnbchain.org/en/developers/developer-programs/kickstart" rel="nofollow noopener" target="_blank">Kickstart</a>, <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="nofollow noopener" target="_blank">Most Valuable Builder (MVB)</a> and <a href="https://www.bnbchain.org/en/blog/introducing-avengerdao-the-security-initiative-protecting-users-from-malicious-actors/" rel="nofollow noopener" target="_blank">AvengerDAO</a>.&nbsp;
 
<h5>Contact</h5>Jack S jack.sutherland@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 Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge (22 Nov)

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