BNB Price Rally Continues With Record-Breaking 4M User Surge

1. BNB Chain saw its WAU surpass 4 million over the last week.
2. BNB Chain struggled in revenue within the past few days.
3. Meanwhile, the crypto’s price noted an over 3% surge.

BNB Chain tweeted its weekly report on April 30, highlighting updated data for the previous seven days. The tweet confirmed that the network’s weekly active users (WAU) exceeded 4 million. That was optimistic as the number has swayed around the 3 million mark for a while. The primary reason behind this increase in user activity might have emerged from the details about reduced gas fees.

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New Launches to Boost BNB Price

BNB enthusiasts await better days, considering the encouraging Dapp launches on the blockchain.

Recently, web3 decentralized applications (dApps) like Lord of Dragons, Farmer, Cheelee, and Ubiloan joined the BNB Chain. The mentioned dApps run in the NFT and GameFi industries. Thus, the deployment on the network might welcome more GameFi users and surge NFT volume over the coming weeks. Besides these, other dApps also launched in the Infra, SocialFi, and DeFi spaces.

Investors Contented with BNB Performance

Like the user count, BNB has also recorded surges in its price. CoinMarketCap data shows the alternative token gained over 3% within the past day. While publishing this post, BNB changed hands at $333.98, with its market cap above $52 billion.

Source – Santiment

Trading volume upticks accompanied the token’s price increase, reflecting positivity. Also, the asset’s MVRV ratio surged. The past few days saw BNB riding on optimistic sentiments, confirming investor confidence in the alt. Moreover, BNB’s velocity soared. Remember, higher volatility means traders massively used BNB in transacting within a given time frame.

Read also:

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• BNB Chain’s Explosive Development Activity Leaves Investors Awestruck
• Binance (BNB) Price Prediction Forecast: Will BNB reach $1000 in 2021?