Build and Build Chain (BNB) unique addresses have already surpassed Ethereum, according to a Dec. 22 release from the developer.
BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022.
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.
Further details ⤵️https://t.co/9jNFdVeoZ3 pic.twitter.com/QjxL3ey759
—BNB Chain (@BNBCHAIN) December 22, 2022
BNB Chain has taken significant steps in bringing the next billion users to #Web3 in 2022.
We want to thank our amazing community for joining us as we lay the foundation for an even better year.
The developer claims that this makes BNB Chain “the largest layer 1 blockchain in the world.” However, blockchain data shows that the Bitcoin network is still larger than both BNB Chain and Ethereum.
According to Etherscan, Ethereum currently has over 217 million unique addresses. Instead, BNB Chain has more than 233 million unique addresses, according to BscScan. This implies that BNB Chain is larger than Ethereum by this metric.
Secondly, the Bitcoin network has more than 1 billion unique addresses, making it larger than both networks combined.
The statement was made as part of BNB Chain’s “Year in Review”. Other significant milestones achieved by the BNB network in the past year were also highlighted in the post. The network peaked at 9.8 million daily transactions in May and 2.2 million daily active users (DAUs) in October, defined as the number of unique addresses per day that interact with a smart contract.
The developers attribute the success of the network in 2022 to several initiatives launched this year. The BNB Sidechain protocol allowed decentralized application (Dapp) developers to run their Dapps on separate shards of the network, reducing congestion and transaction costs.
Secondly, The team funded a builder grant and a $10 million Dapp developer incentive program, which led to the creation of more Dapps for the BNB Chain and this, in turn, attracted more users.
Besides, “Soulbound tokens” were introduced, which allowed users to register wallet addresses for Know Your Customer (KYC) purposes by keeping non-transferable tokens in their wallets. The developers claim that this increased the reputation of BNB Chain in the NFT and Web3 gaming community.
By last, the team attributes its growth to the release of the Avenger DAO, an API that alerts BNB Chain users whenever they interact with contracts marked as malicious. In the team’s opinion, this made users feel more secure browsing the BNB network, which translated into higher user retention.
Despite these successes, many members of the blockchain community continue to criticize BNB Chain for being too centralized. The post mentions that the network has added 23 validators this year and plans to add 60 more in the coming months, which should help make the network less centralized than it was before. By comparison, Ethereum has over 400,000 validators.
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