BNB’s GameFi Expansion: Outshining Ethereum and Solana?

BNB’s GameFi Growth: Outshining Ethereum and Solana

BNB Chain (BNB) has emerged as a frontrunner, outperforming other cryptocurrencies, including Ethereum (ETH) and Solana (SOL), by a significant margin last month.

Nansen’s tweet revealed that BNB had the highest number of active addresses in April. According to the tweet, BNB boasted nearly 11 million active users, while SOL and ETH had 5.1 million and 4.9 million, respectively.

Over the past 30 days, the blockchain’s fees and revenue have remained stable. Interestingly, BNB’s GameFi ecosystem played a crucial role in this remarkable performance.

BNB GameFi’s Impact

Recently, BNB shared a tweet highlighting a significant event. The tweet stated that 20 gaming dApps on BNB Chain accounted for 9.17% of the average daily transactions on the blockchain.

Moreover, these gaming dApps also contributed to the growing number of active addresses on BNB. Among all the gaming dApps, Gameta recorded the highest number of users with 123,570 Monthly Active Users (MAUs), representing 27.5% of the total gaming users on the platform.

Regarding transactions, SecondLive witnessed the highest number of transactions among all gaming dApps on BNB Chain in the last 30 days.

However, despite these positive indicators, Dune’s chart tells a slightly different story. BNB’s weekly average users in gaming experienced a slight decline in recent times.

Nevertheless, with the recent addition of new dApps such as Gaimin, PlayZap, Mystic Treasures, and Ultimate Champions to the BNB Chain, the future outlook may change.

Considering the increasing popularity of web3 gaming, the potential for a boom in BNB’s GameFi space cannot be ignored.

A Similar Trend in May

BNB’s impressive performance from April seems to have carried over into May as well. Data from Santiment reveals that BNB’s daily active addresses remained considerably high, indicating a positive signal.

The token also maintained its popularity in the crypto space, as evident from its social volume. However, BNB’s development activity witnessed a decline last week, which could be seen as a negative sign.

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