BNB Smart Chain and Ethereum are also known as the two most popular chains in the blockchain world. According to recent data, BNB is doing better than ETH in terms of on-chain performance.
BscScan data found that BNB Smart Chain processes between 2.5 million and 5 million transactions daily. As a matter of fact, the average number of transactions in the week of March 31 – April 6 was 3.38 million. Thus, more than 20 million transactions were processed and placed on the chain in the same weekly period.
A tweet shared by BNB Chain revealed that the number of weekly active users is 3.67 million, while the average daily active user is around 1.21 million.
On the other hand, Ethereum network numbers were relatively meagre. Data from Etherscan indicated that only around 100,000 transactions are processed daily on the Ethereum blockchain recently.
Messari pointed out that the user base of BNB Smart Chain is currently larger than that of the Ethereum network. The first network hosts 274 million users, while the second only has about 226 million users.
BNB ChainIt is also interesting to note that the number of users in . On the other hand, in Ethereum, users continue to leave the ecosystem. According to Messari, BNB Smart Chain has accepted an average of 6% monthly users over the past 12 months. In contrast, Ethereum’s users average 5%. decreased.
While BNB Chain onboarded users at an average month-on-month rate of 6% throughout the last 12 months, Ethereum’s has fallen at an average of 5%. pic.twitter.com/rGXE3pD4nD
— Messari (@MessariCrypto) April 9, 2023
However, in terms of token price performance, ETH is doing much better. ETH is up nearly 36% since its low in March. Binance Chain’s native asset, BNB, on the other hand, has risen only around 18% since its lowest level.
You can follow the current price action here.