Analysis data from Etherscan’s subsidiary BscScan shows that Binance Smart Chain (BSC) crossed 14.7 million blockchain transactions on Tuesday.

This is a record high for the decentralized financial network, and surpasses the previous record of 13.1 million records as of 29 July this year.

In addition, 276,446 new wallet addresses were created on Tuesday, a significant increase for the 111,244 new addresses on July 29. The BSC team tweeted an official announcement this morning to share the successful achievement.

For more context, the Ethereum network registered 1.3 million transactions on Tuesday, with 134,354 new addresses added, while the Bitcoin network generated a total of 301,103 transactions with 740,829 new addresses on board.

BSC Ecosystem Coordinator Sami Karim compared transaction rates between different blockchain networks, saying: “Over the past two weeks, the BSC blockchain has processed an average of over 10 million transactions per day per day. Compared to other blockchains, BSC currently has the ecosystem with the most transactions. which is ever registered with the lowest possible fees. ”

Binance Smart Chain was launched at the end of August 2020 as a launch pad for the development of innovative start-up projects and decentralized applications that are compatible with the Ethereum blockchain via the Ethereum virtual machine. Today, the platform supports over 1000 decentralized applications.

About the topic: Binance Smart Grid exceeds 1.5 billion lifetime transactions

On October 12, the major cryptocurrency exchange Binance announced the launch of a $ 1 billion acceleration fund to improve the efficiency of Binance’s smart chain ecosystem in growing cryptocurrency sectors such as metaverse, gaming, virtual reality and artificial intelligence.

Gwendoline Regina, Investment Director at BSC Accelerator Fund, shared some thoughts on the 10-digit fund:

“The $ 1 billion growth fund has already begun to predict the growth of the BSC ecosystem. We will support over 500 BSC-based projects to bring the next billion users to the blockchain and crypto area.”
BSC supports 159 protocols, especially PancakeSwap. According to Defistation, there is currently a total blocked value of $ 17.77 billion, which is the bulk of the total of $ 30.6 billion on the BSC platform.

Source: CoinTelegraph