Binance Smart Chain (BSC) has reached a significant milestone, surpassing 500 million unique active addresses, coinciding with the unexpected frenzy surrounding the launch of its TST meme coin.
This achievement, reported by Whale Insider in a recent X post, comes shortly after the release of TST, a test token initially created by the BNB Chain team for a tutorial on how to launch a meme coin on the Four.Meme platform. Intended for educational purposes only, TST quickly gained traction, soaring 1,100% in its first three days. The token hit an all-time high of $0.52 before plummeting to $0.20, a 62% drop from its peak, according to CoinMarketCap.
The TST rally can be traced back to a brief appearance of the token’s name in a single frame of the tutorial video. The video was briefly removed after this was noticed, but Binance co-founder Changpeng “CZ” Zhao later instructed the team to re-upload it. In his X post, CZ clarified that TST was not an official token and had no ties to BNB Chain beyond its role in the tutorial.
Although the token was intended as a demonstration, its unintended rise fueled speculation, which likely contributed to the surge in active addresses on the BNB Chain network.
As the number of active addresses continues to climb, the issue of Maximal Extractable Value (MEV) on BSC has also gained attention. MEV refers to the extra profits validators earn by manipulating transaction orders, often through tactics like front-running and sandwich attacks. These exploits have become a notorious issue on BNB Chain, leading to millions in losses for users. In 2024 alone, BNB Chain users lost around $1.5 billion to such attacks, drawing attention to the vulnerabilities in the network as trading volume increases.
Recently, CZ raised the issue of MEV on X, conducting a poll asking whether BNB Chain should take stronger measures to reduce or eliminate MEV-related problems.
The post BNB Chain Hits 500M Addresses Amid TST Boom and MEV Fears appeared first on Koinreport.
