Inside BNB Chain’s latest 30-day low – How and why did it happen?

User activity on BNB Chain [BNB] has plummeted to a 30-day low, according to data from Artemis. This could be a sign of the chain...

he on-chain data provider revealed that on 17 April, the daily count of addresses that completed at least one transaction on the Layer 1 blockchain totalled just 1.1 million – A 21% fall from the 1-month high of 1.4 million recorded on 19 March.

Whenever a blockchain network registers a fall in user activity, its average transaction fee also plummets. On-chain data revealed that this has been the case with BNB Chain over the past month. BNB’s price performance, assessed on a 12-hour chart, highlighted a steady uptick in demand for the altcoin.

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