2021 has proven to be a promising year for Binance Smart Chain (BSC). With a recorded 2.6 billion transactions and 126 million new addresses spanning 1,150 top-rated projects, BSC has made quite the impression.
Due to this chain’s low latency and large capacity (both of which are required for high-quality Web3.0 applications), it is evident that more users and dApp developers are opting for BSC. On multiple days over the past week, BSC’s on-chain data has shown significantly more daily transactions than Ethereum’s 2021 record high of 1.7 million. BSC is prioritizing multi-chain development and investing in its systems with the goal of hosting a billion new users. Because of an astounding performance in total locked value and a DEX trading volume of $300 billion, users have good reason to use the Binance ecosystem.
On January 11th, BSC tweeted about their growth goals:
The Binance Data and Research Team shared these numbers as a segment of one of their January live streams. What was initially created for cross-chain compatibility, BSC is now dominating the industry of digital assets management and dApp development. It’s clear to see that 2022 is going to be another record year for BSC!