The indicators used to measure network growth between June 17 and June 23 demonstrated stability “in the middle of a tumultuous market,” according to BNB Chain’s weekly report. The performance of the blockchain, however, pales in comparison to what was observed between June 10 and June 16. At the same time, more BNB transactions are occurring, which is noticeable.
On June 23, the price of BNB token rose as high as $228.41.
According to latest performance data from BNB Chain, the network had 2.88 million active users from June 17 to June 23. From the 3.08 million active users who signed up between June 10 and June 16, this is a 6% decline. Additionally, compared to the 4.26 million transactions registered between June 10 and June 16, the average daily transactions between June 17 and June 23 decreased by 25%.
Similar to this, from June 10 to June 16’s 29.9 million transactions, the network’s weekly transactions decreased by 19 percent between June 17 and June 23. The BNB token’s performance did improve between June 17 and June 23, nevertheless. In fact, the token’s price increased from 210 dollars on June 17 to 218 dollars on June 18.
However, on June 18, it fell to its lowest point, $184, during the day. Fortunately, there was a swift recovery; on June 23, the token’s price hit its high point of $228.41. Additionally, between June 17 and June 23, BNB’s market capitalization climbed from $34.92 billion to $37.29 billion.
