BNB corrects in the midst of a historic moment and with high potential
The BNB Smart Chain network is going through a key moment following the activation of the Maxwell upgrade, which reduced the average block time from 1.5 seconds to just 0.75 seconds.
At the time of writing, the price of BNB shows a correction trend, while trading at $646 and accumulating daily gains of 0.5%, weekly gains of 0.8%, and monthly losses of 0.9%.
Analysts are paying attention to the impact of this upgrade, which has been highlighted by the official BNB Chain Developers account as an important technical milestone:
"Maxwell Hardfork will be launched on the main BSC network. This is not just another upgrade: it is a technical breakthrough that allows for faster blocks, better coordination of validators, and smoother network performance".
Thanks to this improvement, developers will be able to create faster and more efficient dApps. Latency in DeFi applications is reduced, synchronization between validators is optimized, scalability is increased, and overall network performance is improved. However, to what extent can this advancement affect the price of BNB? We analyze it below.