Binance Smart Chain achieves a record of over 14.7 million transactions in one day

Analytical data from BscScan, a sister product of Etherscan, showed that the number of transactions on Binance Smart Chain (BSC) exceeded 14.7 million on Tuesday.

This number represents an all-time high for the decentralized financial network and exceeds the previous high of 13.1 million on July 29, 2021.

Additionally, 276,446 new wallet addresses were created on Tuesday, a notable increase from 111,244 new addresses on July 29. Team BSC has tweet an official announcement this morning to share the success milestone.

“Congratulations to the entire BSC community! Binance Smart Chain achieves a record of over 14.7 million blockchain transactions in a single day, a milestone that no other blockchain project has ever reached. “

Follow for comparison statistical, The Ethereum network recorded a total of 1.3 million transactions with 134,354 new addresses on Tuesday, while the Bitcoin network recorded 301,103 total transactions with 740,829 new addresses.

Samy Karim, coordinator of the BSC ecosystem, compared transaction metrics in different blockchain networks:

“In the last 2 weeks the daily number of blockchain transactions on BSC averaged over 10 million txs per day. Compared to other blockchains, BSC now has an ecosystem with the highest number of transactions ever recorded with the lowest possible fees. “

Daily BSC Transaction Volume Diagram | Source: Tradingview

Binance Smart Chain was founded at the end of August 2020 as a launchpad platform to accelerate the development of innovative startups and decentralized applications compatible with the Ethereum blockchain through the Ethereum Virtual Machine. To date, the platform enables more than 1,000 dApps.

On October 12, the Binance exchange announced the launch of a $ 1 billion growth fund to improve the performance of the Binance smart chain ecosystem in the thriving areas of the crypto space. Electronics like Metaverse, Games, Virtual Reality and Artificial Intelligence, etc.

Gwendolyn Regina, Chief Investment Officer at the BSC Accelerator Fund, gave an insight into the ten-digit foundation:

“The $ 1 billion growth fund begins by forecasting developments in the BSC ecosystem. We will support over 500 projects building on BSC with the aim of bringing the next 1 billion users into the blockchain and crypto space. “

BScc currently has 159 protocols, of which PancakeSwap is the best known. The protocol currently reports a total banned value of $ 17.77 billion, which is what the majority of the $ 30.6 billion on the BSC platform claims data of dehumidification.

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