Journalist
Posted:
- FLOKI recently became the most popular token on the BNB network.
- The growth of opBNB offered hope for BNB holders.
The BNB chain [BNB] network has continued to work on developments on its network despite the problems Binance is facing. As a result, many addresses continued to be attracted to the protocol.
However, it wasn’t just a surge in developments that did the heavy lifting for the BNB chain.
Floki, BNB and more
Token activity has also been a key factor in drawing attention to the BNB network. According to recent data, the memecoin FLOKI is one of the most popular tokens on the BNB network.
Token activity, especially involving popular tokens like FLOKI, catalyzes the vibrancy and appeal of the BNB network. The popularity of tokens attracts the attention of a wider audience, creating an engaged and active community.
This increased engagement contributes to greater liquidity within the network, creating a more efficient marketplace for users.
As popular tokens are actively traded, overall trading volume experiences a boost, indicating a dynamic and thriving ecosystem.
This positive dynamic not only benefits individual token holders by potentially increasing token value and utility, but also contributes to the broader attractiveness of the BNB network.
Most traded highlights projects in @BNBChain Last 7 days🚀$FLOKI @realflokiinu$SHUTTLE @pendle_fi$GAL @Galxe$XVS @VenusProtocol$BOB @BOBETHtoken$AIDOGE @ArbDoge_AI$SFUND @seedifyfund$EDU @opencampus_xyz$SIS @symbiose_fi$UMA @UMAprotocol #BNBChain #Binance pic.twitter.com/Is8I62KC38
— BSCDaily (@bsc_daily) December 24, 2023
opBNB makes a strong case for the bulls
Moreover, the advancement of opBNB can also play a key role in the growth of the network. opBNB acts as a technical solution for the BNB network, specifically addressing the challenges faced by SocialFi platforms.
opBNB ensures that as more people participate in SocialFi activities on the BNB network, it remains efficient and experiences no delays. It is comparable to optimizing a digital highway to handle more traffic.
Is your portfolio green? View the BNB Profit Calculator
With opBNB, the BNB network can process more than 20 million actions per day, with a peak of approximately 4,000 actions per second.
opBNB and SocialFi: Empowering Content Creators
Let’s see how opBNB unleashes the full potential of SocialFi and turns the digital world upside down! 🧵👇 pic.twitter.com/OtMSAhzt6d
— BNB Chain (@BNBCHAIN) December 22, 2023
These factors could help alleviate selling pressure on BNB going forward. At the time of writing, BNB was trading at $268.92 and the price had gone up 0.73% in the last 24 hours.
Source: Santiment
