Despite recent turmoil surrounding Binance, the BNB Chain has continued to develop its network, maintaining interest from numerous addresses. This ongoing interest is not solely due to network enhancements but also due to increased activity within the tokens on the BNB network, with memecoin FLOKI remaining one of the most popular tokens on the BNB Chain.
The measurement of token activity, particularly for popular tokens like FLOKI, highlights the vitality of the BNB network and supports its appeal. This popularity can attract wider attention within the crypto community, potentially fostering active interest.
Increased participation on the network can lead to higher liquidity, creating a more efficient market for users. Active trading of popular tokens also boosts the overall transaction volume, showcasing the network’s evolving infrastructure.
These positive triggers can potentially increase token value and utility, benefiting not only individual investors but also contributing to the broader and more attractive structure of the BNB network.
On another note, opBNB could play a significant role in the network’s progress. It serves as a solution mechanism for technical issues within the BNB network, particularly addressing challenges faced by SocialFi platforms. As more people participate in SocialFi activities on the BNB network, opBNB ensures that the network remains efficient despite high traffic, avoiding slowdowns.
Through opBNB, the BNB network can process over 20 million actions in a day and achieve high performance of approximately 4,000 actions per second. These factors could alleviate selling pressure on BNB in the future, despite the recent problematic phase for Binance. At the time of writing, BNB was trading at $266, with a 1.33% decrease in the last 24 hours.