BNB

BNB Chain Shows Strong 2022 Despite Bear Market

by BSCN

December 24, 2022

BNB Chain is the clear leader in many blockchain metrics and impressively grew in 2022 despite the impediments of the bear market.

BNB Chain Powers Through Bear

The end of the year is nigh. With an incredibly brutal and painful crypto year behind us, it's difficult to sift through the rubble and pick out the positives. But across 2022, there have been several positive industry developments and silver linings. Especially on BNB Chain!

The BNB Chain published a comprehensive blog diving into the full timeline of the chain’s achievements from January to December. The December 22 blog from BNB Chain’s Content Lead Dardania.BNB highlighted the enormous growth from transactions to unique addresses on the chain. BNB Chain surpassed Ethereum in key metrics and is the clearly the most active blockchain in crypto.

“Our community has made remarkable strides in the development of blockchain technology. We launched BNB Sidechain, zkBNB, Binance Oracle, security initiatives such as AvengerDAO, among others. This has resulted in faster transactions, lower costs, and extra capacity, giving builders the confidence to onboard a large number of users,” said Alvin Kan, Director of Growth & Ops at BNB Chain in the blog.

BNB Chain had many notable achievements in 2022. Beyond the many technical updates, BNB Chain hosted and engaged in myriad in-person events that helped build the community and social aspects of the chain. Following the pandemic, these community-building events cannot be overstated.

“The team at BNB Chain is committed to providing a secure and user-friendly platform for developers and users alike, marching towards our mission to onboard the next billion users to Web3,” added Kan.

Sticking to its ethos of “Build ‘n Build,” BNB Chain looks primed for another big year in 2023. To see the exhaustive timeline, check the blog here.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.