A-Z of how the BNB Chain fared in September
BNB Chain, home to leading decentralized exchanges PancakeSwap and Venus Protocol, closed Q3 with growth in some of its ecosystem metrics.
According to the decentralized finance (DeFi) analytics platform AnalytEx, BNB Chain recorded growth in its number of daily transactions. It also recorded growth in the number of unique wallet addresses, and daily block count in September.
The Chain, however, registered declines in the gas fees paid to process transactions on the network within the 30-day period. Furthermore, the average size of blocks mined per day on the network continued on its four-month-long decline.
As per data from AnalytEx, a daily average of 3.25 million transactions were completed on the BNB Chain in September. This was a 1.2% growth from the 3.21 million transactions logged as a daily average in August.
With a count of 3.25 million transactions, the index for average daily transactions on BNB Chain in the last quarter fell by 14%. In July, daily average transactions on BNB Chain sat at 3.70 million.
Source: AnalytEx
AnalytEx further found that in September, the average number of daily active wallets on BNB Chain grew by 11.48%. According to the DeFi analytics platform, BNB Chain registered an average of 890,253 daily active wallets within the 30-day period.
In August, this stood at 798,559 addresses. While the BNB Chain saw a drop in its daily average transactions in the just concluded quarter, the average number of daily active wallets on the network grew by 2% in the last quarter.
Source: AnalytEx
According to data from CoinGecko, within the period under review, the price per BNB rallied to a high of $297.82 on 12 September, after which it declined by over 5% to close the trading month at $281.
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