The price of BNB, the native token of the BNB Chain, recently surged past $700 for the first time ever, marking a more than 7% increase in a single day amidst a broader rally in the cryptocurrency market. A well-known crypto analyst has suggested that BNB could reach over $1,000.
Read MoreBased on data from Artemis, user activity on BNB Chain [BNB] has decreased to a 30-day low. The Layer 1 (L1) blockchain's daily count of addresses that completed at least one transaction was merely 1.1 million as of 17 April, according to the on-chain data source. This represents a 21% decline from the 1-month high of 1.4 million recorded on 19 March.
Read MoreFollowing its recent announcement of an excellent Quarter-on-Quarter (QoQ) boost, BNB Chain's income experienced a decline. For those who are unaware, BNB Chain is the blockchain network that facilitates decentralized applications (dApps) and smart contracts.
Read MoreAccording to a recent survey, Ethereum has emerged as the most frequently reported victim of blockchain breaches in 2024, with 33 incidences.
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