BNB Chain Sees Activity Spike: CZ’s Shadow Looms Large (Price Analysis)

• BNB Chain stands second in the market in terms of developer activity events.
• BNB and Tron accounted for 72% of the total active unique stablecoin addresses.
• BNB Chain’s popularity soared following the debut of the TST and Broccoli meme tokens.

BNB Chain, the Binance exchange’s blockchain has seen a surge in developer activity events. This can have a positive effect on BNB, its native token’s price to reach new all-time highs.

Data from blockchain analysis platform Santiment shows BNB Chain ranks next to Ethereum. BNB Chain boasts a massive 463.8K developer activity events (a 9.23% increase in 24 hours). Ethereum and BNB are followed by Polygon, Arbitrum, and Optimism networks. 

CryptoRank’s data further indicates that in the last 30 days, total active unique stablecoin addresses reached 37.4 million (USDT accounts for 29.7 million). Notably, 72% (21.5 million) of these active addresses are on BNB Chain and Tron. Polygon has nearly double the addresses of Ethereum.

A major reason for this activity surge is the debut of meme coins. Also contributing is the popularity surge of PancakeSwap decentralized exchange (DEX). Changpeng Zhao’s Broccoli…

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