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BNB Chain (BNB) has managed to maintain its position as the second cryptocurrency on the list based on daily active addresses for a long time. However, this table may change when Bitcoin statistics quickly catch up with BNB statistics. In fact, considering the latest data, BTC may have already surpassed BNB in this metric. Is this the result of the decrease in BNB’s network activity?
Active Address Numbers in BNB!
The latest tweet from the closely followed analyst Coin98 revealed the best cryptocurrencies based on daily active addresses. According to the tweet, Tron (TRX) continued to be the largest blockchain, followed by Bitcoin and BNB. However, the difference between the two was marginal. BNB had 970 thousand active addresses, while BTC had 1 million. Looking at Artemis’ data, it can be seen that BNB Chain has been witnessing a decline in network activity for months.
Not only active addresses, but also daily transactions of the blockchain have decreased in the last three months. When we take a closer look at the BNB and BTC charts, it is revealed that while BNB’s active addresses decrease, BTC’s statistics increase, allowing the king of cryptocurrencies to surpass BNB. However, it should also be noted that BNB still has a significant lead over BTC in terms of daily transactions.
The Impact of Bitcoin on BNB!
BTC has recently witnessed a tendency of sudden increase in its value. Bitcoin’s transaction fees have significantly increased in the past few days. While BTC’s fees are rising, BNB’s chart is moving in the opposite direction. While both cryptocurrencies compete well in terms of network activity, price movements remain stagnant. Bitcoin continues to trade below $26,000 as its price has fallen by less than 1% in the past seven days.
BNB’s price has also shown marginal movement in the past few days. At the time of writing, while BTC was trading at $25,808.29, the value of BNB was $211.59. Although the price movement of both tokens is not volatile, their 24-hour trading volumes have shown double-digit increases, which may reflect investors’ willingness to trade with them. However, Bitcoin has managed to perform better than BNB on the social front. This is clearly visible in Santiment’s graph, as it indicates that BTC’s social volume is higher than that of BNB Chain.
