- BNB’s weekly common customers have been over 2.8 million and the every day transaction rely exceeded 2.9 million.
- On-chain efficiency was respectable however market indicators have been bearish.
Binance Coin [BNB] just lately posted its weekly ecosystem report, highlighting all of the notable developments within the community and likewise updating the important thing statistics.
As per the report, BNB as soon as once more managed to keep up its monitor document of getting greater than 2 million transactions and lively customers.
Another whirlwind week at BNB Chain, let’s get you caught up with our Weekly Ecosystem Report! 😤
🔸BNB Chain Unveils 2023 Tech Roadmap
🔸Zero to Hero: BNB Chain Builder Series
🔸Empowering Women in Web3
🔸New Web3 Mastery Workshops https://t.co/FKL9byS7dI
— BNB Chain (@BNBCHAIN) February 19, 2023
Last week, the weekly common customers have been over 2.8 million, whereas the every day lively customers reached 831k. BNB Chain’s every day transaction rely additionally remained excessive, because it exceeded 2.9 million, which in whole was over 17 million within the final seven days.
Read Binance Coin’s [BNB] Price Prediction 2023-24
BNB’s well being seems to be good
Apart from the stats, BNB additionally talked about fairly a number of essential bulletins that have been made during the last seven days.
The most important improvement was the discharge of BNB Chain’s tech roadmap for 2023. As per the tech roadmap, BNB Chain will work with the Ethereum neighborhood to construct the best-performing EVM-compatible consumer for BSC.
In addition to that, BNB Chain will even proceed to enhance the person expertise, corresponding to, by introducing higher cross-chain options, and strengthening safety by way of AvengerDAO 2.0.
BNB additionally launched its new Web3WonderWomen program final week, which is a brand new mentorship program for girls in Web3.
All the updates had a constructive affect on the community’s on-chain efficiency. For occasion, BNB’s MVRV ratio elevated over the previous couple of days, which was optimistic.
BNB’s velocity remained comparatively excessive all through the week, nevertheless it registered a decline later.
Additionally, its on-chain transaction quantity in revenue spiked final week, which was a improvement within the buyers’ favor.
However, LunarCrush’s information revealed that BNB’s market dominance declined final week by over 1.2%.
Realistic or not, right here’s BNB market cap in BTC’s phrases
Price efficiency has been subpar
Though the on-chain efficiency was constructive, nothing appeared to have mirrored on BNB’s chart because it did not register features final week.
According to CoinMarketCap, BNB’s value solely managed to extend by 1.9% within the final seven days, regardless of the bullish market situations. At press time, BNB was buying and selling at $315.34 with a market capitalization of over $49.7 billion.
BNB’s every day chart revealed fairly a number of causes behind this efficiency. The On Balance Volume (OBV) registered a downtick, which was bearish.
The Exponential Moving Average (EMA) Ribbon recommended that the bulls may quickly lose the higher hand available in the market as the gap between the 20-day EMA and 55-day EMA was decreasing.
BNB’s Chaikin Money Flow (CMF) was additionally resting low, which was once more bearish. The Relative Strength Index (RSI) registered a slight uptick however was nonetheless close to the impartial mark.