{"id":339017,"date":"2023-08-28T15:00:06","date_gmt":"2023-08-28T09:30:06","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=339017"},"modified":"2024-07-31T14:04:54","modified_gmt":"2024-07-31T08:34:54","slug":"bnb-chain-leaves-no-stone-unturned-as-it-strives-to-improve-network-activity","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bnb-chain-leaves-no-stone-unturned-as-it-strives-to-improve-network-activity\/","title":{"rendered":"BNB Chain leaves no stone unturned as it strives to improve network activity"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BNB Chain\u2019s daily active addresses and transactions have been declining for months.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BNB\u2019s weekly chart was flat, but its funding rate turned red.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">BNB Chain [BNB]<\/span><span style=\"font-weight: 400;\"> continues to remain the second largest blockchain by daily active users. However, over the past few months, the numbers have registered a drop, meaning that the blockchain\u2019s network activity has declined. BNB recently posted its weekly report highlighting the blockchain\u2019s statistics, which also pointed out the drop in network activity. Nonetheless, the blockchain has planned a new update that can turn the situation in BNB\u2019s favor.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check the<\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/binancecoin-profit-calculator\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">BNB Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<h4><strong>BNB Chain is losing ground.<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">BNB Chain recently posted its key metrics for the last week, revealing that the blockchain had weekly active users of 3.5 million, with average daily users numbering 980,000. The blockchain processed 18.9 million transactions last week, with 3.14 million average daily transactions.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here&#39;s a look at our Key Metrics from last week \ud83d\udc40 <a href=\"https:\/\/t.co\/8Whod7N9Af\">pic.twitter.com\/8Whod7N9Af<\/a><\/p>\n<p>&mdash; BNB Chain (@BNBCHAIN) <a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1695934215437869066?ref_src=twsrc%5Etfw\">August 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">However, Artemis\u2019<\/span><a href=\"https:\/\/app.artemis.xyz\/comparables\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> pointed out that BNB Chain\u2019s key metrics have been on a declining trend for multiple weeks now. As per the charts, both<\/span><a href=\"http:\/\/ambcrypto.com\/rupull-on-the-bnbchain-could-have-these-effects-on-the-chain-and-token\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s daily active addresses and transactions were sinking over the last three months as they fell under 1 million and 3 million marks, respectively. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The same declining trend was also seen in terms of the blockchain\u2019s TVL and captured value during the same period.\u00a0<\/span><\/p>\n<figure id=\"attachment_339019\" aria-describedby=\"caption-attachment-339019\" style=\"width: 1527px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis.jpg\"><img decoding=\"async\" class=\"wp-image-339019 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis.jpg\" alt=\"\" width=\"1527\" height=\"613\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis.jpg 1527w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis-300x120.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis-1024x411.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Artemis-768x308.jpg 768w\" sizes=\"(max-width: 1527px) 100vw, 1527px\" \/><\/a><figcaption id=\"caption-attachment-339019\" class=\"wp-caption-text\">Source: Artemis<\/figcaption><\/figure>\n<h4><strong>BNB Chain\u2019s Greenfield is expecting an update<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Though network usage was dropping, BNB Chain\u2019s development activity remained high as it planned to push a new update for its Greenfield testnet. For starters, BNB Greenfield is a storage platform with a focus on facilitating decentralized data management and access. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As<\/span><a href=\"http:\/\/ambcrypto.com\/binance-labs-spurs-web3-startup-funding-will-bnb-see-the-benefits\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\"> is pushing an update for the Greenfield testnet, it will bring along a few new features.<\/span><\/p>\n<blockquote class=\"twitter-tweet\"><p>https:\/\/twitter.com\/BNBCHAIN\/status\/1695526530758103063?ref_src=twsrc%5Etfw<\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">To enhance the user experience, the new features include a fresh pricing model. Additional changes include support for storage provider exit, bucket migration, and group member expiration. The update will be pushed on 31 August 2023.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/binancecoin-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNB Chian\u2019s [BNB] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<h4><strong>How is BNB doing?<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">BNB&#8217;s price chart, like that of the majority of other cryptocurrencies, was largely unchanged over the last week. The token did witness a price correction on 22 August, but later BNB regained the value it shed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bnb\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, BNB was marginally up by 0.2% in the last seven days. At press time, it was trading at $217.01 with a market capitalization of more than $33 billion. As per Coinglass,<\/span><a href=\"http:\/\/ambcrypto.com\/mastercard-binance-part-ways-as-bnb-tries-to-hold-ground\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s funding rate was red. Generally, prices tend to move in the opposite direction from the funding rate, giving hope for more volatile price action in the coming days.\u00a0<\/span><\/p>\n<figure id=\"attachment_339020\" aria-describedby=\"caption-attachment-339020\" style=\"width: 1732px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5.jpg\"><img decoding=\"async\" class=\"wp-image-339020 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5.jpg\" alt=\"\" width=\"1732\" height=\"398\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5.jpg 1732w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5-300x69.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5-1024x235.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5-768x176.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Coinglass-5-1536x353.jpg 1536w\" sizes=\"(max-width: 1732px) 100vw, 1732px\" \/><\/a><figcaption id=\"caption-attachment-339020\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>BNB Chain will push a new update for its Greenfield on 31 August, adding a few new features, such as a fresh pricing model<\/p>\n","protected":false},"author":75,"featured_media":339023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-339017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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