One of the biggest promises in the crypto world is the Binance Smart Chain. The blockchain created by the Binance exchange to compete directly with Ethereum, Tron and other Blockchains dedicated to hosting decentralized applications of all kinds. And now, after only a few months of life, the Binance Smart Chain reaches 24 billion dollars in transactions during the month of February, as reported by DappRadar in the Tweet of the day:
The Binance Smart Chain continues to grow
From the beginning, the Binance Smart Chain had all the elements in its favor to succeed. And it is that, the Blockchain created by the Binance exchange, has the institutional support of the largest company in the crypto world. Which put the full weight of its communication apparatus, as well as the incentives of its exchange platform, to promote the adoption of its blockchain by the creators of decentralized applications.
This effort has paid off for the company. Well, just a few months after its launch, the price of its native token, Binance Coin (BNB) has increased exponentially. Going from having a price of only $ 13 at the beginning of this year, to reaching the $ 132 at which it is currently traded.
However, despite its acceleration, BNB’s growth is not the product of mere speculative impulses. Well, at the same time that the price of the cryptocurrency increases, so does the use of the Binance Smart Chain. Reaching a new milestone this February, when the volume of transactions on this Blockchain has already reached 24 billion dollars and is expected to exceed even Ethereum by the end of the month, according to DappRadar:
«BinanceSmartChain has generated $ 24 billion in terms of transaction volume in February and counting. If the figure continues to grow at the same rate, BSC could surpass Ethereum this month and register the highest volume of transactions in the sector».
If it succeeds in surpassing Ethereum, the Binance Smart Chain would consolidate its position as the main competition for ETH in the world of decentralized applications. A race between the two giants that, for many, will end in a decisive victory for Binance.