BNB Chain (BNB) continues its impressive blockchain operations despite the recent decline in daily active addresses. Over the last 30 days, BNB has maintained its lead in the number of unique addresses, surpassing Polygon (MATIC) and Ethereum (ETH). According to Coin98 Analytics' report, BNB's unique address count exceeds 463 million, demonstrating a strong network presence. This puts BNB ahead of Polygon, which has 452 million unique addresses, and Ethereum, which has 277 million unique addresses. A small increase of 1% over the past month demonstrates BNB's continued appeal and strong network activity.
A closer look at network activity reveals an interesting trend from data provider Artemis. Although there has been a decrease in BNB's daily active address count over the last 30 days, the blockchain's daily transaction volume has increased. This shows that despite the decrease in daily active addresses, total transaction volume remains strong and user interaction continues.
A decline was observed in financial metrics after a significant increase in the total locked value (TVL) of the BNB Chain. However, blockchain's fees and revenues are rising, reflecting a positive value. This revenue increase could strengthen BNB's market position despite fluctuations in TVL.
Despite BNB's notable achievements, market sentiment remains bearish. Last week the price of BNB dropped by more than 8%, with an additional 5% drop in the last 24 hours. The market value of the coin, currently traded at $538.20, is approximately $78.5 billion. The bear market trend has also led to negative impacts on social metrics; Social sentiment dropped, but social volume increased, indicating continued interest from the crypto community.
Analysis based on Coinglass data reveals that BNB has experienced a significant decline in its long/short ratio, with long positions decreasing and short positions increasing—indicating a bear trend. Technical analysis on TradingView shows that the price of BNB has fallen below the lower bound of the Bollinger Bands and the Money Flow Index (MFI) and Chaikin Money Flow (CMF) indicators are registering downtrends. These indicators suggest that the price could fall further unless there is a rebound in support levels.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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