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Unique addresses on the BNB\u00a0Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer.<\/p>\n
\nBNB Chain has made significant strides in onboarding the next billion users into #Web3<\/a> in 2022. <\/p>\n
We want to thank our incredible community for coming along for the ride as we lay the groundwork for an even bigger year to come. <\/p>\n
Further details ⤵️https:\/\/t.co\/9jNFdVeoZ3<\/a> pic.twitter.com\/QjxL3ey759<\/a><\/p>\n
\u2014 BNB Chain (@BNBCHAIN) December 22, 2022<\/a><\/p><\/blockquote>\n
The developer claims<\/a> that this makes BNB Chain \u201cthe largest layer 1 blockchain in the world.\u201d However, blockchain data shows that the Bitcoin network is still larger than both BNB Chain and Ethereum.<\/p>\n
According<\/a> to Etherscan, Ethereum currently has over 217 million unique addresses. By contrast, BNB Chain has over 233 million unique addresses, according<\/a> to BscScan. This implies that BNB Chain is larger than Ethereum as judged by this metric.<\/p>\n
On the other hand, the Bitcoin network has<\/a> over 1 billion unique addresses, making it larger than both of these networks combined.<\/p>\n
The statement was made as part of BNB Chain\u2019s \u201cYear in Review.\u201d The post also highlighted other significant milestones that the BNB network has reached over the past year. The network capped out at 9.8 million transactions per day in May and reached 2.2 million daily active users (DAUs) in October, with DAUs being defined as the number of unique addresses per day that interact with a smart contract.<\/p>\n
The developers credit the network\u2019s success in 2022 to several initiatives implemented this year. The\u00a0BNB Sidechain protocol allowed decentralized application (DApp) developers to run their DApps on separate shards of the network, reducing congestion and lowering transaction costs.<\/p>\n
Secondly, the team funded a builder grant and $10 million incentive program for DApp developers, which led to more DApps being created for BNB Chain and this, in turn, attracted more users.<\/p>\n
Additionally, soulbound tokens were introduced<\/a>, which allowed users to register wallet addresses for Know Your Customer (KYC) purposes by holding non-transferrable tokens in their wallets. The developers claim that this increased BNB Chain\u2019s reputation in the nonfungible token and Web3 gaming community.<\/p>\n
Finally, the team credited its growth to the launch of Avenger DAO, an API that alerts users\u00a0of BNB Chain whenever they interact with contracts flagged as malicious. In the team\u2019s view, this made users feel more safe browsing the BNB network, leading to more user retention.<\/p>\n
Despite these successes, BNB Chain is still criticized by many in the blockchain community for being too centralized<\/a>. The post does mention that the network added 23 validators this year and plans to add 60 more in the coming months, which should help to make the network less centralized than it was before. By comparison, Ethereum has over 400,000 validators<\/a>.<\/p>\n<\/div>\n