In 2022 the BNB Chain exceeded Ethereum (ETH) in number of addresses


After a year of adoption for the BNB Chain, the blockchain has seen its number of unique addresses surpass that of Ethereum (ETH). This is therefore an opportunity to review the progress of this network in 2022.

BNB Chain saw its number of addresses soar in 2022

The end of the year is often the time to take stock of what has been accomplished during the last twelve months. Thus, the BNB Chain teams have also taken stock, and 2022 has turned out to be rather prolific, because it turns out that the blockchain has overtaken Ethereum in terms of unique addresses on the network :

“We have seen the number of unique addresses on BNB Chain surpass Ethereum and cross the impressive 230 million, making it the largest layer-1 blockchain in the world. The network also recorded records in terms of transaction volumes which reached 9.8 million in May 2022, and daily active users at 2.2 million in October. »

From there to qualifying the BNB Chain as “largest layer 1 blockchain“, it should be put into perspective. Remember that in terms of value present on the network, Ethereum remains far ahead, with $23.47 billionwhile third-placed BNB Chain sees that same metric rise to 4.15 billion according to DefiLlama.

The objectives of the two networks are also very different. If Ethereum is largely focused on decentralized finance (DeFi), the BNB Chain rather has “general public” aims, through areas such as GameFi for example.

But that does not take away from the strong growth of this blockchain in terms of adoption. Where Ethereum started the year with 183 million addresses to end it with more than 217 million, the BNB Chain saw this value grow from 126.27 to 233.72 million :

Evolution of the number of unique addresses on the BNB Chain

For daily active addresses, the BNB Chain easily exceeds one millionwhile Ethereum usually hovers around 400,000.

? To go further – What is the BNB token and how to buy it?

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The main advances of 2022

In addition to the great adoption that the BNB Chain can boast of in 2022, which is moreover given the catastrophic year for cryptocurrency prices, the network has also had some technical advances.

We can cite the adoption of sidechains in order to improve the scalability of the network, but also a ZK Rollup called zkBNB, currently in testnetand which aims to increase the number of transactions per second on the BNB Chain to 10,000.

This year, the blockchain also changed its name, whereas it was previously known as the Binance Smart Chain. The network has also been talked about by putting the soulbound token concept into practice (SBT), imagined by Vitalik Buterin. SBTs are special non-fungible tokens (NFTs), linked to an address, and this technology has been used for KYC on the BNB Chain.

Despite the positive points, we should also remember that the network was the victim of an impressive hack last Octoberwhich led to the temporary shutdown of the blockchain as well as a hard fork to resolve the situation.

? Also in the news – Binance.US has been chosen to buy the assets of Voyager Digital for over $1 billion

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Sources: BscScan, BNB Chain

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