In anticipation of the Beacon Chain Fusion, holders of key BEP2/BEP8 tokens, including Binance Coin (BNB) and Bitcoin (BTC), are encouraged to transfer their assets to the BSC network. This move is strongly advised to ensure a seamless, lossless transition, preserving a 1:1 asset ratio. For those who did not transfer their assets to the BSC network following the Beacon Chain sunset, BNB Chain provides a backup after the Beacon Chain Fusion.
Recent data from Token Terminal reveals a 6.4% increase in revenue over the last 24 hours, suggesting a resurgence of activity on the network. However, the number of key developers has decreased to 51, possibly indicating a decline in interest due to a lack of new features from the network.
In Q4 2023, the network marked new records in Daily Active Users (DAU) and Total Value Locked (TVL) on opBNB, its high-performance layer-2 solution. DAUs saw a rise of about 22% to nearly 1.2 million, while TVL stood at $19.44 at the time of writing.
Despite these positive developments, the network’s native token is having difficulty maintaining its bullish trend. The weekly chart reveals a 7% loss for the digital asset. At the time of writing, BNB is trading at $295.89, following a 2% drop in the last 24 hours. However, investors remain optimistic that the all-time high of $686.31, achieved two years ago, will be revisited, driven by recent network developments and broader market sentiments.
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| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Binance Coin, Token Terminal, BSC network, Bitcoin, BNB Chain |
| Currencies | Bitcoin, Arcade Arcoin |
| Securities | None |
