BNB Chain still has room for growth, according to Messari research

Binance is still by far the largest crypto exchange after years, the many rumors of the past few months have not been able to change that. Binance’s own token, BNB, is also still very popular. Messari thinks the token still has plenty of room to grow.

BNB blockchain needs to get faster

The blockchain analytics service writes that the network looks set to remain competitive in 2023. The developers plan to significantly improve throughput, including using layer 2-like solutions. For example, here fall zero knowledge rollups (zk rollups) below, where hundreds of transactions can be put into a single transaction. Also, Messari says that Binance has the requirements for running validators wants to make it open source.

In the fourth quarter, the blockchain continued to grow, despite the ecosystem being tinkered with. The number of daily active addresses and the number of transactions grew by 30% and 0.2% respectively. The number of validators has also grown by 24% compared to the fourth quarter of 2021. Finally, the number of tokens used for staking has grown by 31.1%, now 12.6% of tokens are used for staking.

BNB Chain very popular

Last December we wrote that BNB Chain has become very popular. In November, it was even the most active blockchain. In December it was announced that the network had become home to more unique addresses than Ethereum (ETH), which is seen as the blockchain for smart contracts.

The developers of the blockchain are also constantly working on the growth of the network. For example, an oracle network was linked to the blockchain at the end of last year. This allows you to put information from outside the BNB blockchain on the network in an automated manner.

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Last week it was announced that the ecosystem will be expanded with a kind of side chain for decentralized storage. The service is similar to Filecoin (FIL), Storj (STORJ) and Arweave (AR).

BMW also likes the chain. At the end of last year, the company announced that it will embrace the blockchain for automating certain operational processes and for a customer loyalty program.

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