On the other hand, the BNB Chain introduced the OpBNB to help with scalability on the network. Designed based on
So, the spike in the metric implies that sending and receiving of assets via the BNB chain was very present throughout the quarter. Messari explained, But blockchain transparency also mentioned that the surge in active addresses would have been impossible without LayerZero. In addition, it also acts as a connective layer to ensure the prevention of liquidity exploits through decentralized bridges. So, LayerZero contributed to BNB Chain’s active addresses since it hosted around 250,000 LayerZero and Stargate daily transactions.With respect to NFTS, BNB Chain initially registered a decline in Q1. However, buying and selling of collections linked to the blockchainThis led to an increase in activity, such that secondary sales of the NFTs increased by 233.2%.
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