The Binance Smart Chain network, which has become a direct competitor to Ethereum, continues to increase the number of unique addresses.
The flow of users to Binance Smart Chain continues to grow. The number of unique addresses in the network has reached a new record, exceeding 7 million.
The average price of commissions on the Ethereum network exceeded$40, which has forced DeFi users and traders to look for a cheaper alternative. The Binance blockchain now hosts twice as many transactions as Ethereum.
The 1inch Exchange joining the Binance Smart Chain last week further boosted the network's popularity and attracted new users.
At the same time, the developers of 1inch Exchange stated:
The miners essentially killed the Ethereum network by not raising the gas limit.
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