No longer the main alternative blockchain - Ethereum gave way to BNB Chain

More and more users are beginning to see that BNB Chain has many technical advantages over Ethereum. This is reflected in the number of users who use BNB Chain instead of Ethereum.

The Etherescan service, which shows statistics on the Ethereum blockchain, claims that the number of wallets on this network exceeds 217,300,000 worldwide. BNB Chain, in turn, has many more wallets that store users' digital assets. Their number has already exceeded the threshold of 233,700.000.

In addition to the number of wallets created, BNB Chain also set a record in two other indicators. Binance's network tops the list in terms of the number of completed transactions, which exceeded the 9,800,000 mark, as well as the number of active users, which at its peak was more than 2,200,000 per day. The highest level was reached in October.

BNB Chain developers talked about the reasons why they were able to succeed. According to them, the high figure was achieved thanks to regular updates, which made the level of interoperability higher, the transaction processing faster, and the fee for sending coins was lower.

This year, the number of validators in BNB Chain has increased to 49. Previously, it was almost 2 times less - 26 validators. 2023 promises to give this blockchain another 40-60 new validators, which should have a positive impact on the performance of the entire network.

The fight between Ethereum and BNB Chain has been going on for several years. Recently, the disadvantages of ETH have become more visible compared to what the Binance blockchain has to offer. Vitaly Buterin’s project demonstrates a slower transaction speed, and fees are so high that they repel crypto enthusiasts with a small budget.

BNB Chain, in turn, has small commissions and a fairly high transaction speed. Judging by the popularity that has gained, many users have appreciated the innovations from Binance. and give their preference to this particular network.