- BNB Chain’s daily transaction fees crossed its highest level so far this year.
- Coin accumulation remained strong amongst spot market participants.
Daily transaction fees on the BNB Chain [BNB] hit a new year-to-date (YTD) high on the 9th of March, according to the Artemis Dashboard.
Source: Artemis
According to the data provider, total fees on the Layer 1 (L1) blockchain network reached a single-day high of $1.2 million on that day.
The figure represented a 134% increase compared to the $512,000 in fees observed on the chain on the 1st of January.
When a network’s transaction fees grows, its revenue experiences a corresponding rally.
The same was the case with BNB Chain, whose single-day revenue totaled $124,000 on the 9th of March, its highest in 2024.
Per Artemis’ data, YTD revenue on BNB Chain has gone up by over 140% since the 1st of January.
Interestingly, the uptick in BNB Chain’s daily transaction fees and revenue has occurred despite a decline in user activity on the network since the beginning of the year.
In fact, according to data from DappRadar, on the 9th of January, the total count of unique active wallets that completed at least one transaction on any of the decentralized applications (dApps) housed on the chain plummeted to its lowest since February 2021.
On that day, the number of unique active addresses on the BNB Chain totaled 144,000, a 77% decline from the 626,000 addresses recorded on the first day of the year.
Source: Artemis
Bullish sentiment grows stronger
At press time, the network’s native coin BNB exchanged hands at $494. In the last month, the altcoin’s value has increased by 54%, according to CoinMarketCap’s data.
An assessment of the coin’s price performance on a daily chart confirmed the possibility of a continued price rally if positive sentiment holds.
Its Chaikin Money Flow (CMF), which measures the flow of money in and out of the BNB market, was spotted in an uptrend at 0.41 as of this writing. A positive CMF value is a sign of strength in the market.
When an asset’s CMF value trends in this manner, it suggests that the spot market remains flush with the liquidity needed to sustain its price hike.
Source: TradingView
How much are 1,10,100 BNBs worth today?
Additionally, AMBCrypto observed the coin’s moving average convergence/divergence (MACD) indicator and found that the MACD line was on top of the trend line and significantly above the zero line.
With a value of 35.5, BNB’s MACD showed that buying pressure exceeded coin sell-offs.
- BNB Chain’s daily transaction fees crossed its highest level so far this year.
- Coin accumulation remained strong amongst spot market participants.
Daily transaction fees on the BNB Chain [BNB] hit a new year-to-date (YTD) high on the 9th of March, according to the Artemis Dashboard.
Source: Artemis
According to the data provider, total fees on the Layer 1 (L1) blockchain network reached a single-day high of $1.2 million on that day.
The figure represented a 134% increase compared to the $512,000 in fees observed on the chain on the 1st of January.
When a network’s transaction fees grows, its revenue experiences a corresponding rally.
The same was the case with BNB Chain, whose single-day revenue totaled $124,000 on the 9th of March, its highest in 2024.
Per Artemis’ data, YTD revenue on BNB Chain has gone up by over 140% since the 1st of January.
Interestingly, the uptick in BNB Chain’s daily transaction fees and revenue has occurred despite a decline in user activity on the network since the beginning of the year.
In fact, according to data from DappRadar, on the 9th of January, the total count of unique active wallets that completed at least one transaction on any of the decentralized applications (dApps) housed on the chain plummeted to its lowest since February 2021.
On that day, the number of unique active addresses on the BNB Chain totaled 144,000, a 77% decline from the 626,000 addresses recorded on the first day of the year.
Source: Artemis
Bullish sentiment grows stronger
At press time, the network’s native coin BNB exchanged hands at $494. In the last month, the altcoin’s value has increased by 54%, according to CoinMarketCap’s data.
An assessment of the coin’s price performance on a daily chart confirmed the possibility of a continued price rally if positive sentiment holds.
Its Chaikin Money Flow (CMF), which measures the flow of money in and out of the BNB market, was spotted in an uptrend at 0.41 as of this writing. A positive CMF value is a sign of strength in the market.
When an asset’s CMF value trends in this manner, it suggests that the spot market remains flush with the liquidity needed to sustain its price hike.
Source: TradingView
How much are 1,10,100 BNBs worth today?
Additionally, AMBCrypto observed the coin’s moving average convergence/divergence (MACD) indicator and found that the MACD line was on top of the trend line and significantly above the zero line.
With a value of 35.5, BNB’s MACD showed that buying pressure exceeded coin sell-offs.
generic clomiphene walmart clomiphene generic name how can i get cheap clomid price can i get clomid without rx clomid tablete can i buy cheap clomiphene without prescription where to buy generic clomiphene without dr prescription
This is a question which is in to my verve… Diverse thanks! Quite where can I upon the acquaintance details due to the fact that questions?
Thanks for sharing. It’s first quality.
zithromax over the counter – tinidazole 300mg canada flagyl pills
semaglutide 14 mg cost – buy rybelsus pill periactin 4mg price
motilium over the counter – cyclobenzaprine order online order flexeril 15mg pills
buy propranolol sale – clopidogrel 150mg for sale methotrexate 5mg tablet
buy augmentin 1000mg pill – https://atbioinfo.com/ buy acillin pill
how to get esomeprazole without a prescription – https://anexamate.com/ buy nexium 20mg without prescription
warfarin 2mg cheap – https://coumamide.com/ order hyzaar
mobic 15mg brand – https://moboxsin.com/ mobic 15mg for sale
purchase prednisone – https://apreplson.com/ buy generic prednisone
amoxil for sale – https://combamoxi.com/ buy cheap generic amoxil
fluconazole 100mg sale – https://gpdifluca.com/# cost diflucan
order cenforce 50mg online cheap – cenforce 100mg drug cenforce 50mg canada
cialis after prostate surgery – no prescription cialis cialis erection
generic zantac – https://aranitidine.com/# buy cheap generic ranitidine
how long does it take cialis to start working – https://strongtadafl.com/ tadalafil tablets 20 mg reviews
I am in truth thrilled to coup d’oeil at this blog posts which consists of tons of useful facts, thanks representing providing such data. gatillazo con viagra
can buy viagra rite aid – strong vpls buy viagra paypal accepted
The depth in this serving is exceptional. allergic reactions to prednisone
This is a question which is virtually to my heart… Diverse thanks! Faithfully where can I lay one’s hands on the acquaintance details due to the fact that questions? https://ursxdol.com/doxycycline-antibiotic/
The sagacity in this piece is exceptional. https://prohnrg.com/product/acyclovir-pills/
Thanks on putting this up. It’s understandably done. https://aranitidine.com/fr/sibelium/
The thoroughness in this piece is noteworthy.
order topiramate 200mg generic
I’ll certainly carry back to review more. http://forum.ttpforum.de/member.php?action=profile&uid=425015
cost dapagliflozin 10mg – purchase forxiga generic forxiga 10mg over the counter
buy cheap generic orlistat – https://asacostat.com/# order xenical pill