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Binance Chain registers a 229% surge in this metric- Are investors happy about it?

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Binance Chain [BNB] recorded a big jump in its daily transaction volume over the week, rising from 3.5 million to over 5 million at the time of writing.While this amounted to a nearly 47% rise, a closer look at the data revealed that the chain’s year-to-date (YTD) growth was also impressive.

BNB chain’s total transactions have more than doubled since the start of 2023.<p lang=«en» dir=«ltr» xml:lang=«en»>Something is happening on BSC.

Daily transactions are suddenly up from 3.5M earlier this week to over 5M today.— Patrick | Dynamo DeFi (@Dynamo_Patrick) March 3, 2023Furthermore, the Binance chain registered a 50% growth in its daily active users (DAUs) since the start of the week, according to Token Terminal.Due to the increase in the number of DAUs, the protocol’s transaction fees also expanded by 21% in the same time period.Source: Token TerminalRead Binance Coin’s [BNB] Price Prediction 2023-24The growth in network adoption could be due to some big-ticket launches in its NFT vertical.

On 1 March, a platform named Bicassso was unveiled by Binance, which would combine artificial intelligence (AI) and non-fungible token (NFT) technology.However, data from Santiment narrated a different story.

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