BNB Chain Beats Ethereum in L1 Race

According to new data, the number of L1 wallets on Binance’s cryptocurrency network BNB Chain has exceeded 230 million, surpassing Ethereum (ETH), the largest smart contract platform. In addition, BNB Chain network volume reached 9.8 million, setting a new record. BNB Chain Growth Director Alvin Kan explained that they are carrying out important work to include 1 billion users in the Web3 world:

“The BNB community has played an important role in the development of blockchain technology. Besides BNB Chain, our new projects such as Sidechain, zkBNB, AvengerDAO and Binance Oracle have also been implemented.”

BNB Chain Growth Director stated that improvements in the BNB network lead to extra capacity, faster and lower-fee transactions, which is why developers prefer the network.

“The BNB Chain team aims to create a secure, user-friendly platform for developers and end users. Our vision is to bring Web3 technology to 1 billion people.”

The Binance Smart Chain team has launched several programs to subsidize transaction fees of up to $10 million for the development of Web3-based decentralized applications (DApps). Binance’s blockchain network BNB Chain’s biggest goal for next year is to launch the zkBNB mainnet. Authorities are also working on various hackathlon events and the Web3 blockchain storage system.

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