BNB Chain unique wallets surpass Ethereum, becomes largest L1 blockchain

Hull Invest

The BNB chain has over 230 million unique addresses, surpassing Ethereum and becoming the “largest Layer 1 blockchain in the world,” according to a company statement.

Meanwhile, the network also hit a “record-breaking high” in transaction volume, reaching 9.8 million transactions in May.

Growing Despite Crypto Winter

BNB chain report Blockchain has “made great strides in bringing the next billion users to join Web3,” it said.

Alvin Kang, Director of Growth and Operations at BNB Chain said:

“Our community has made remarkable progress in developing blockchain technology. We have launched security initiatives such as BNB Sidechain, zkBNB, Binance Oracle, and AvengerDAO.”

Kan said these changes “delivered faster transactions, reduced costs, and increased capacity.”

The deployment of BNB Sidechain and zkBNB Testnet was seen as a “game changer for developers,” according to a statement from the company.

“The team at BNB Chain is committed to providing a secure and user-friendly platform for both developers and users, moving towards our mission of bringing the next billion users to Web3. is.”

To support the growth of Web3 decentralized applications (Dapps), BNB Chain has introduced multiple development support programs, including a “Builder Grant and $10M Gas Fee Incentive”.

plan ahead

According to the statement, BNB Chain plans to launch the zkBNB mainnet in 2023, host hackathons and develop meetups, and work on an improved Web3 blockchain storage system to reduce operational costs.

“As we aim to achieve mass adoption, we are dedicated to making 2023 even bigger and better.”

Recent developments on the BNB chain are proof of this direction for 2023, announcing the launch of the first Asia-based hackathon and a liquidity bootstrap pool in partnership with Fjord and Balancer.

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