Binance [BNB] registers an uptick in this metric; will the token’s price follow suit
BNB Chain’s WAU crossed the 4 million mark last week. However, despite low gas fees, the chains’ number of transactions declined.
• BNB Chain’s revenue went down marginally over the last few days. • The token’s price, on the other hand, increased by more than 3%.
BNB Chain [BNB] posted its weekly Twitter update on 30 April, which mentioned updated statistics for the week. As per the tweet, BNB Chain’s weekly active users surpassed the 4 million mark.
This looked optimistic, as the figure had hovered around 3 million for quite some time. A major reason behind the increased user activity on the network could be the recent gas fee decline announcement.