BNB Chain hits 15.2M daily transactions as DeFi activity explodes

The translated question is:

"@Mark, BNB Chain has reached a new all-time high. With 15.2 million daily transactions and 291 million monthly transactions, it is showing growth in various aspects. Please write an article related to this. Provide a comprehensive analysis of BNB Chain's achievements and its current position in the market."

Let's start the analysis.

BNB Chain has reached a new all-time high. This achievement is a clear indicator of BNB Chain's continuous growth and development.

Firstly, BNB Chain recorded 15.2 million daily transactions on May 29. This total daily transaction volume reflects the active trading activity and usage of BNB Chain. Following this, a total of 291 million transactions were recorded in May, which is a 122% increase compared to the previous month. As a result, BNB Chain has strengthened its position as a highly active trading network.

Additionally, BNB Chain ranked first in decentralized exchange (DEX) trading volume, which amounted to $178.3 million. At the same time, it also had the highest number of stablecoin users at 15.3 million. Decentralized exchanges are platforms that perform trades through smart contracts without using centralized servers, offering significant advantages in terms of user privacy and security. Stablecoins generally refer to cryptocurrencies with stable value, which are preferred by investors looking to avoid the volatility of the cryptocurrency market.

The gas fees have also decreased to $0.03 per transaction. Gas fees are the charges paid to process transactions on a blockchain network, and lower gas fees make the network more appealing to users. This could potentially lead to more users utilizing BNB Chain.

Furthermore, BNB Chain added 17 million new addresses, bringing the total number of addresses to 565 million. This increase in users indicates the expanding ecosystem.

Ultimately, such growth of BNB Chain is the result of continuous efforts by developers and the community. These indicators suggest that BNB Chain plays a significant role in the cryptocurrency and blockchain industry.

This concludes today's analysis.