BNB Chain unique wallets overtake Ethereum, becoming biggest L1 blockchain
Despite the onset of crypto winter, BNB Chain has ambitious goals for 2023, with unique addresses surpassing Ethereum as its development continues.
According to a business release, the number of unique addresses on the BNB Chain surpassed 230 million, surpassing Ethereum and becoming the “biggest layer 1 blockchain in the world.”
In May, the network’s transaction volume reached “record-breaking heights,” surpassing 9.8 million transactions.
According to BNB Chain, the blockchain has “made great progress in enrolling the next billion Web3 users.”
Alvin Kan, Director of Growth & Operations at BNB Chain, stated: “Our community has made significant advancements in the development of blockchain technology. Among others, we introduced BNB Sidechain, zkBNB, Binance Oracle, and security projects such as AvengerDAO.”
Kan noted that these modifications had “led to speedier transactions, decreased costs, and increased capacity.”
According to the company’s announcement, the deployment of BNB Sidechain and zkBNB Testnet had been hailed a “game-changer for developers.”
BNB Chain launched a number of development assistance schemes, such as “the Builder Grant and the $10 Million Gas Fee Incentive,” to facilitate the expansion of Web3 decentralized applications (Dapps).
According to the statement, in 2023 BNB Chain wants to introduce the zkBNB mainnet, organize hackathons and create meet-ups, and work on an enhanced Web3 blockchain storage system to reduce operating expenses.
“We are committed to ensure that 2023 is even larger and more successful as we work to make widespread adoption a reality.”
Recent BNB Chain initiatives demonstrate this approach for 2023, including the announcement of its first hackathon in Asia and the introduction of its Liquidity Bootstrapping Pools in collaboration with Fjord and Balancer.