In recent weeks, Binance‘s local blockchain network, BNB Chain, has emerged as the most favored network for USDT transfers, surpassing competitors like TRON and Ethereum 
$1,925. With approximately 12 million active addresses, BNB Chain has attracted attention due to its low transaction fees, rapid approval times, and user-friendly structure. This surge in popularity not only highlights BNB Chain’s technical advantages but also reflects a significant trend in cryptocurrency transactions.
BNB Chain Claims the Top Spot with 12 Million Active Addresses
According to the cryptocurrency analysis platform CryptoRank, the total number of addresses utilizing USDT across various blockchains reached 31.1 million in the last month. Among these users, BNB Chain emerged as the clear leader, boasting around 12 million active addresses for USDT transfers. Its capacity for fast and cost-effective transactions has made it an attractive alternative for everyday transfers.
In comparison, TRON ranks second with 11.2 million active addresses, supported by its long-standing popularity in stablecoin transfers. Polygon follows in third place with 2.6 million addresses, while Ethereum has fallen to fourth with only 1.8 million active addresses. Historically the most preferred network, Ethereum continues to lose users due to high transaction fees and occasional slowdowns.
BNB Coin Burn Events Continue Strongly
Besides its technical success, BNB Chain has also reached a significant milestone for its native coin, BNB. The network recently completed its 31st coin burn event, permanently removing a total of 1.57 million BNB from circulation. This burn, valued at approximately $916 million, aims to support the long-term value of the altcoin by reducing supply; currently, the total supply stands at 139.3 million, with an additional 40 million BNB awaiting burning.
Despite these developments, the price of BNB has remained relatively stable, currently trading around $604 with a slight increase of 2% over the past 24 hours. Technical indicators suggest that investors are in a wait-and-see mode, as the Relative Strength Index (RSI) is at 48.57, indicating a neutral market sentiment. However, should the RSI rise above 50, it may signal a shift of control towards buyers.
