Altcoin
Can FLOKI help revive interest in the BNB Chain?
FLOKI claimed the top spot as the most favored token on the BNB network, enticing a wave of new users.
- FLOKI became the most popular token on the BNB network recently.
- opBNB’s growth provided hope for BNB holders.
The BNB Chain [BNB] network has continued to work on developments on its network despite the troubles being faced by Binance. Due to this, many addresses continued to get attracted to the protocol.
However, it wasn’t just a rise in developments that was doing all the heavy lifting for the BNB Chain.
Floki, BNB, and more
Token activity has also been a key factor in driving attention to the BNB network. According to recent data, the memecoin FLOKI has been one of the most popular tokens on the BNB network.
Token activity, particularly involving popular tokens like FLOKI, catalyzes the BNB network’s vibrancy and appeal. The popularity of tokens draws attention from a wider audience, fostering an engaged and active community.
This heightened engagement contributes to increased liquidity within the network, creating a more efficient marketplace for users.
As popular tokens are actively traded, the overall trading volume experiences a boost, indicating a dynamic and thriving ecosystem.
These positive dynamics not only benefit individual token holders by potentially enhancing token value and utility but also contribute to the broader attractiveness of the BNB network.
Most Traded Highlight Projects in @BNBChain Last 7 Days🚀$FLOKI @realflokiinu$PENDLE @pendle_fi$GAL @Galxe$XVS @VenusProtocol$BOB @BOBETHtoken$AIDOGE @ArbDoge_AI$SFUND @seedifyfund$EDU @opencampus_xyz$SIS @symbiosis_fi$UMA @UMAprotocol #BNBChain #Binance pic.twitter.com/Is8I62KC38
— BSCDaily (@bsc_daily) December 24, 2023
opBNB makes a strong case for the bulls
Moreover, the progress of opBNB may play a key role in the growth of the network as well. opBNB functions as a technical solution for the BNB network, particularly addressing challenges faced by SocialFi platforms.
opBNB ensures that as more people engage in SocialFi activities on the BNB network, it remains efficient and doesn’t face slowdowns. It’s akin to optimizing a digital highway to accommodate more traffic.
Is your portfolio green? Check out the BNB Profit Calculator
With opBNB, the BNB network can process over 20 million actions in a day, reaching a peak of around 4,000 actions per second.
opBNB and SocialFi: Empowering Content Creators
Let's find out how opBNB is unleashing the full potential of SocialFi and turning the digital world on its head! 🧵👇 pic.twitter.com/OtMSAhzt6d
— BNB Chain (@BNBCHAIN) December 22, 2023
These factors could help ease off selling pressure on BNB in the future. At press time BNB was trading at $268.92 and its price had grown by 0.73% in the last 24 hours.
Source: Santiment
