Binance Smart Chain sets record after 14.7 million daily transactions in one day |
It is the world’s busiest cryptocurrency exchange, with more than $1.5 billion in trading volume on June 18th alone. Binance has broken its own record for most daily transactions in a single day after 14.7 million deposit and withdrawal transactions were processed at some point on June 18th.,
Binance Smart Chain set a new record after 14.7 million daily transactions in one day. The Binance platform also has the highest number of users per second, with over 1 million users per second.
In the past, the Bitcoin and Ethereum blockchains dominated the landscape, with the majority of transactions taking place on either of them; however, data from BscScan, an analytical tool used to track the number of transactions and other metrics on Binance Smart Chain (BSC), has revealed that its daily transaction has nearly reached 15 million, making it the first blockchain network to do so.
The daily transaction volume of Binance Smart Chain exceeds that of BTC and ETH combined.
On November 16, the Binance-backed platform witnessed more over 14.7 million transactions, breaking the previous high of 13.1 million established on July 29.
Aside from that, the number of new addresses established on November 16 surpassed the previous record. According to the statistics, 276,446 new addresses were established on Tuesday, compared to 111,244 new addresses the day before.
Best wishes to the whole #BSC community!
Binance Smart Chain set a new record by processing over 14.7 million blockchain transactions in a single day, a feat accomplished by no other blockchain project.
November 17, 2021 — Binance Smart Chain (@BinanceChain)
A casual examination of transactions on other networks reveals that they pale in comparison to those on BSC. On November 16, for example, Ethereum had 1.3 million transactions and its ATH was 1.7 million, with about 135,000 new addresses being established. Bitcoin, on the other hand, witnessed a higher number of new addresses (740,829), but only 301,103 transactions on its platform for the day.
“In the previous two weeks, daily BSC blockchain transactions have averaged well over 10 million txs per day,” BSC ecosystem coordinator Samy Karim stated of this significant milestone. BSC presently has the most transactions ever recorded at the lowest potential costs when compared to other blockchains.”
Last year, the network began as a launchpad platform with the goal of fostering creative startup ideas and DeFi apps.
Since then, it has evolved to become one of the most popular networks for decentralized financial protocols, with one of its projects, PancakeSwap, a prominent decentralized exchange with a TVL of over $17 billion, being one of the most popular.
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The “binance smart chain vs cardano” is a cryptocurrency that has seen 14.7 million daily transactions in one day. The Binance Smart Chain set the record on June 13, 2018 and has been doing well since then.