Binance Coin (BNB) Crypto Performance

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The Binance Coin (BNB) crypto market price stands at 230.32 euros, up slightly from yesterday by 0.23%.

At the same time, a new boost to the BNB race comes with the news that there are more unique addresses on the eponymous chain than on Ethereum, at least according to the developer of the BNB chain, who spoke on Twitter with these words:

In 2022, BNB Chain has made great strides in onboarding the next billion users to Web3.

We want to thank our incredible community for standing by our side as we lay the groundwork for an even greater year ahead.

To date, BNB Chain is the largest layer-1 blockchain in the world according to the developer, but data indicates that it is still significantly smaller than the size of the Bitcoin network.

Digital gold has over a billion unique addresses while Ethereum has between 217 million (according to Etherscan) and 233 million (BscScan data).

“Year in Review” is the breakdown of the year that BNB Chain gave as a tool for guidance and analysis for investors, reporting that in May for example, the chain processed up to 9.8 million one-day transactions and in October it reached 2.2 million DAU users.

Changpeng Zhao Talks the Future: Crypto World and Binance Coin (BNB) Trends

Binance, like many other players in the exciting world of cryptocurrencies, had to face a very difficult, yet necessary and not unprecedented year.

This is part of what Changpeng Zhao (CZ) CEO of Binance said on Wednesday.

In addition to facing a bear market phase and the many blows in races such as Three Arrows Capital, FTX, Luna, etc., the market has widened and with it the regulatory framework and Web3 development have grown. also improved.

According to CZ, the market will be able to recover in 2023 and develop even more Metaverse, NFT, DeFi and GameFi compartments.

Yesterday, Changpeng Zhao, through a blog post titled “A Letter from Our CEO: 2022, the Year of Resilience”, expressed his general thoughts on the present and the future.

After the various failures mentioned above, including the latest by Sam Bankman-Fried, the presence of a bear market closely linked to the poor macroeconomic environment caused cryptocurrency prices to fall by 50% to 90 % from their peaks.

Investor confidence is at an all-time low and due to the tighter regulatory framework as well as FUD due to scrutiny by authorities and media, the sector is under pressure, although looking a bit further into the new year, CZ is optimistic especially regarding mass adoption.

There is a rush of brands from all over the world to enter the industry but also the Metaverse, get a foothold in NFTs, touch base with blockchain technology and crypto.

For the CEO of Binance, the coming year will be one of recovery not only for cryptocurrencies but also forex and the global economy given predictions of a thwarted recession in the United States of America.

The goal to work on is to bring back users who have lost faith in the industry after the series of failures that characterized 2022 and this can only be done through transparency.

Binance aims to expand to various countries and resume hiring that was halted during this transition year by pushing hard on Web3 and blockchain.

Regarding fears over the collapse of Binance, the world’s largest platform founded by CZ reassured that even if all investors returned from their investments on the exchange simultaneously, there would be no problem because the platform has over 100% support for every crypto.

Even in the extreme case of failure, Binance clients’ capital would be safe since “Trust Wallet is completely secure”.

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