$BNB Price Surges as BNB Chain Sees Record Active Addresses & Transactions
The BNB price is on the rise in tandem with record-breaking activity on the BNB Chain.
Over the past month, the BNB Chain has seen an explosive growth in user engagement, with active addresses more than doubling to over 2 million.
In addition, transactions reached a staggering 8 million, highlighting the increasing activity on the network, particularly after the ETF frenzy.
Notably, BNB is currently moving on a positive track with its price hitting a three-month high of $677.
Many factors, including VanEck’s BNB ETF application, have significantly contributed to the prevailing positive sentiment. Let’s dive into BNB Chain’s remarkable growth and its impact on the token’s price movements.
According to the multichain AI analytics platform Nansen, the BNB Chain has seen remarkable growth over the past month. The network’s recent milestone includes a substantial surge in its active addresses and transactions.
While the active addresses doubled to more than 2 million, transactions surged past 8 million. This development has fueled intense investor enthusiasm, triggering a BNB price surge.
Driven by the overall positive momentum within the BNB Chain ecosystem, the token hit a three-month high of $677. As of press time, BNB is trading at $661.31, up by 5.36%.
Over the past week and month, the token has seen more notable growth of 10.3% and 14.5%, respectively.
This bullish sentiment is reflected in the massive 34% surge in the 24-hour trading volume, which hit $2.71 billion.