Can BNB Chain Finally Turn The Tide As It Logs High Development Activity?

BNB Chain sees 6% weekly revenue growth after 'Luban'

Token Terminal reports that BNB Chain [BNB] saw a weekly growth rate of more than 6% in transaction fees collected on the platform. Since the number of daily active users on the chain increased by nearly 5% during the same time period, the increase was caused by increased network traffic. BNB Chain's new choice to lessen exchange costs by 40% might have had a huge impact in drawing clients to its organisation. There was, notwithstanding, more to anticipate.

The "Luban" hard fork that the BNB Smart Chain carried out on its testnet was anticipated to bring a slew of new features and enhancements.

The BEP-126, which introduced a rapid finality mechanism, was the most notable of these. This change would make it possible to reach block finality in two blocks, which would make it less likely that the chain would reorganise. However, the Plato upgrade will be required for the full activation of the fast finality capability. Another enhancement, the BEP-174, will include a new governance proposal to improve relayer whitelist management by introducing Relayer Managers. BEP-221 will also include a new precompiled contract to validate the CometBFT light blocks.

Luban Redesign 'killer app' turns out to disappoint in Mainnet

However the Luban Redesign was just accessible on the testnet, there were motivations to accept that it would be accessible on the mainnet soon, as proven by the expansion in BNB development movement. A network's commitment to enhancing product capabilities is reflected in this metric.Large locations responded to these biological system refreshes by amassing BNB tokens in their portfolios. 

Regardless, changing financial backers' perceptions was lacking. This was obvious as the weighted opinion moved adversely. At the time of writing, BNB was down more than 3%, according to CoinMarketCap data.