Network activity keeps BNB Chain, Tron atop performance charts

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 68%

Canada Headlines News

Canada Latest News,Canada Headlines

The BNB network and Tron maintained their lead over other networks in terms of activity. Will BNB continue to grow?

have both faced multiple challenges in the crypto space for quite some time. Despite the challenges, the overall interest in both BNB and TRON remained consistent.Due to the consistent interest in these networks, they outperformed all other protocols in terms of activity. According to recent data, Tron kept its top position in terms of daily active users.

At the time of writing, the Tron network had over 2.1 million users. BNB came in third, with the number of active users on the network at 1.08 million.In terms of the DeFi sector, it was seen that the DEX volumes on the networks fell. BNB showed some dominance in the space whereas Tron was left behind.However, in this scenario, Tron outperformed BNB Chain implying that despite declining DEX volumes, the overall performance of the network remained the same.

In contrast to that, Tron did not have a good time on the social front. The social volume around Tron fell significantly over the last few days, implying that the network’s popularity was waning.In terms of development activity, Tron and BNB network saw a decline. Falling development activity can impact the ability of the network to push out new upgrades and updates onto the network.Himalay is a full-time journalist at AMBCrypto.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BNB Chain DEX volume surges – Examining what it means for BNB’s priceFor the first time since the 2nd of May, BNB Chain's DEX trading volume climbed higher than $700 million. This was according to Artemis
Source: CryptoAmb - 🏆 22. / 68 Read more »

Whales stake more BNB despite THIS major concern: What’s cooking?Prominent addresses have started staking significant amounts of BNB, indicating increased confidence in the network.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Taking a closer look at BNB’s stable performance in a rocky weekBinance Coin has shown less volatility in the last few days, but this has yet to encourage traders to take long positions on the asset.
Source: CryptoAmb - 🏆 22. / 68 Read more »

BNB’s lull period: Should you take this time to accumulate?BNB has a long-term bullish bias after its rally and consolidation in the past three months, and swing traders have plenty of opportunities.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Is BNB losing its spark? What data tells us about the altcoin’s popularityThe popularity of BNB declined as both social volumes and weighted sentiment dropped. How will BNB grow going forward?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Investing In Rollblock (RBLK) could be like buying BNB and SOL under a dollarRollblock remains a good crypto to buy as value will soar like Binance Coin and Solana, could be like buying BNB and SOL under a dollar.
Source: CryptoAmb - 🏆 22. / 68 Read more »