Journalist
- BNB Chain’s network has been experiencing a recent decline.
- BNB’s derivatives markets also noted a decline in activity during the last 24 hours
Users activity BNB Chain [BNB] According to the data, has dropped to its lowest level in 30 days. Artemis. TOn 17 April, on-chain data revealed the number of daily addresses that had completed at least 1 transaction on Layer 1 (L1) Blockchain totaled just 1.1 Million – a 21% drop from the high recorded one month earlier of 1.4M on 19March.
Daily transactions have decreased due to a decline in the number of active addresses within the BNB Chain. Artemis reports that as of April 17, it had registered 3.8 millions unique interactions. This is a drop of 21% from its 5 million transactions on March 19.
When a network’s average transaction fees drop, it is because of a decline in the number of users. This was the case for BNB Chain in the last month, according to data on the blockchain.
The total fees paid by the users of the chain on 17 April amounted $659,000. The total fees paid by the chain’s users on 17 April were $659,000. This is a decline of 56% from their year-to date high ($1.6 million) recorded on 15 March.
The network’s revenue has been steadily declining over the last few weeks.
Artemis reports that on April 6, BNB Chain had a revenue of $57,000, its lowest level since February. On 17 April its daily revenue had dropped by 22 percent since the start of the month.
BNB charts show a positive trend
BNB’s value was $560 at the time of publication. According to, BNB’s price rose by about 3% in 24 hours. This is in line with the recent slight increase on the crypto market. CoinMarketCap.
You can read more about it here Binance Coins [BNB] Price Prediction 2024-25
BNB’s performance on the 12-hour chart showed a consistent increase in demand.
The Chaikin money flow (CMF), which is an indicator that measures the amount of cash flowing into and out from the asset was in a rising trend and had a positive result.
BNB/USDT TradingView
CMF values above zero are a good sign that the market is strong, since they indicate an inflow in liquidity needed to maintain price growth on a short-term basis.
A review of the derivatives markets for this coin revealed an increase in negative sentiment. According to Coinglass Data shows that the open interest in this coin has dropped by 7 percent over the past 24 hours. It could be difficult for BNB to get through this period.